How much Gold is ACTUALLY in a "Solid Gold" Rolex?
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- Опубликовано: 21 авг 2024
- You'd be surprised how much gold a gold luxury watch contains! But don't take our word for it. See how we take a popular gold Rolex apart and find out its exact gold content by weight.
The watch we used in this picture is the yellow gold Rolex Day-Date 40, reference number 228238, which is going for around $39,000 in the market as of the day this video was recorded (on 10/8/2020).
Typically, the difference in price between similar stainless steel and gold models of a specific watch brand is significant. Some people think that the price difference is due to the value of gold, but is it really? I mean, the watch movement is not made out of gold, since both gold and stainless timepieces of the same model/brand have the same movements. What's different are the other parts, like the case, bracelet, etc.
So we set out to take the watch apart and weigh those parts, then calculate their total value based on the market price of gold, which was around $1,900 a troy ounce (or $61 a gram) on the day we recorded the video footage.
On the video, you'll see our preferred watchmaker, Yuri Lopez from Chrono Sky (Instagram link below), take the watch apart and set each gold piece on a calibrated scale.
/ chronosky
What interesting thing to mention is that during the last 20 year period, from 2000 to 2020, gold outperformed the US stock market (S&P 500) by a pretty wide margin, making an investment in gold during that same period worth 7 times the initial amount!
On a side note, gold luxury watches, whether for men or women, are made in 18K gold, which is 75% gold by weight. On the video, we also compare the gold weight of the watch to a 24K chunk of gold.
After you watch the video, comment how close was your guess...what percentage of the gold watch's price was due to the dollar value of its gold content?
Happy Guessing!
Also here are some helpful links to our social pages and important section of our website: 🔽🔽🔽
Instagram (where we post a lot of daily watch deals):
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Chrono Sky Website
chronosky.com/
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What ..wait what??.. soi i bought this subway NY clunky watch that has 30$k more in overpriced than it's real gold weight 30$k ... 30$k... And it's only 8k of the allegedly good that Rolex pushes us to think it is???... Omg.. arhhggg
Finally someone listens to what the voices in my head be questioning
@Jack Torrance when appropriate. *I* do.
Be not is?
They told you not to buy the watch from the guy with a long rain coat in the subway???
Full disclosure: The value of the steel in a steel Rolex is roughly 25 cents or 0.002% of the price of the watch. The gold watch is looking like a better value now.
Ha Ha, you're right. The discrepancy is even greater with stainless steel.
Except that the steel Rolex sports models go up in value.
@@calsurflance5598 Depends on your entry price. Everything is cyclical. I've lived through several Rolex bubbles and corrections. I'm old enough to know this one is not unlike the previous cycles.
@@hamealartesto3273
So true. I bought my submariner from an AD at retail and see the secondary market add $1500 to what I paid . When the flippers loose interest the secondary market will soften. I will never sell mine though so (to me)it’s a moot point.
@@calsurflance5598 Sub at retail is optimal. Nice job.
That's an informative video. I always had this question in mind but fortunately came across this video and got my answer.
Not a flashy person to buy a gold Rolex but will go for a stainless steel Rolex watch. Hope that day comes soon.
I've always wanted to see something like this
Thank you for watching Paul. How close was your guess?
I guessed 192 grams.
I wonder what the precious metal yield of a platinum Day date would be. Lol
IMHO the watch is actually worth $40k quality , appreciation and demand 🤷♂️
@@paulwilson4720 8u8
9
I had this value proposition when I saw a 1990s 18k Rolex going for $8,500 in 2016-2017. Gold was less but I knew it was perhaps $5000-$6000 on the metal value and the labor value of creating the watch too.
Watches have value because of the engineering behind it, and as it's a store of labor. Gold has a value because of the time it takes to mine, its rarity and its refinement process.
True. Did you wind up buying that 90s Rolex back then?
@@Crmjewelers bad news is no Rolex, but I invested in BABA and FB stock so I had better returns. Have a 1960 18k Universal Geneve Polerouter date, and Tudor BB Steel now
@@pwally2714 nice pieces man, congrats!
I would have guessed even less, at around 10% to 15%.
Interesting to know, but I love my Day-Date due to her Design and not due to the content of gold 😁
Ditto.
Day Date is only available in precious metal, but you can do a comparative price ratio and raw gold value ratio by using retail of a model that comes in stainless, as well as 18k, like a Sky Dweller.
We're going to do a Sub soon.
I said 26% but I always questioned this for many years love this video it was time for a real break down and you executed it perfectly very good video guys
Thank you David. We were a bit worried because we've never done something like this before, even though it had been a head scratching topic for us for a long, long time. Maybe we should make more videos like these! 😉
A Steel Rolex would be far worse would you think in cost ?
Indeed, the discrepancy in steel is even greater.
Obsolete? Have you been checking price trends? It doesn't sound obsolete.
@Kj Jones I don't think so...
In conclusion, do not buy gold watch for the sake of gold. Purchase stainless and use the difference to purchase actual gold or silver as fiat currency collapses.
Love your summary 👌
But what if the gold in the watch x7 in the next 20 years. You would have 56.000 in gold by 2040.
You don't have to try hard to convince me on gold, after all, it's God's money 😜
how about a two-tone Rolex?
@@xperiahkarc much less gold in a two-tone watch.
The markup for gold tends to be insane, so 20%, considering that the datejust equivalent is already a 10K watch, is pretty good.
Really awesome to see the math on this but ANY gold Rolex is holding its value just for what it is. Great video!
Agree with you man, thanks for watching!
I was just searching for exactly this last week and couldn't find the answer until now. Thank your for this video!
Awesome man. Glad we could help.
Very informative video! Honestly it`s more than I thought... Because some stainless steel models are quite expensive and in those cases it can`t be because of precious metal.
True, the material cost vs price comparison is even worse for stainless steel models.
The movement is probably worth more than its weight in gold.
No doubt
Luxury watches are highly priced because of the movement the brand uses, so no doubt.
If I wanted an element, I'd buy it directly
Actually no. Worth is not the same as Price. These watches cost a lot because of marketing. When you buy a 10k$ Rolex, you spend about 1000 to 1500$ on the actual watch. The other 8500 is the price of the name 'Rolex'. Let's not fool ourselves. Rolex makes about a million watches a year. It's an industrialized, mostly automated proccess. Their movements are no better than any top grade ETA, and even worse than the Coaxials you'll find in Omegas priced half as much.
@@DerpEye Are you talking about precious metal Rolexes or stainless steel ones?
2 things:
- This dial has factory-set baguettes, keep that in mind for the value.
- And holy shit that rainbow daytona!
Awesome CRM!!! You guys putting out educational videos like this really helps consumers to be educated. So impressed with your channel, it is getting better every day with new faces on this channel and what each one contributes as a different flavour. Thank you 🙏
Wow man, thanks for that! Yes, we've been trying really hard to add variety to the channel and not just go the one-dimensional route of spitting out watch reviews. The watch/jewelry market is a lot more diverse than that.
@@Crmjewelers Your team really embraced change well. Keep up the great videos, if I am ever around your area will make time to say hello. Toronto Canada 🇨🇦
Thanks man. Yeah, make sure to stop by the store if you're in Miami. Putting a face to the name is always good 😉
I was in the dental laboratory business for 40 years. People were always shocked when they discovered the gold in their gold crown was worth on average $30-40. "But I paid over$1000 for that crown!". Well you were paying me for my labor and overhead and much much more to the dentist for HIS labor and overhead.
Yes, for a service industry (like yours) it is a bit different. The greatest value is your service, not the metal content of the crown.
@@Crmjewelers same thing goes for the Rolex bud....
It's actually more about brand recognition.
I had gold crowns because they were actually cheaper than porcelain/ceramic crowns. The reason being the work/time that went the gold crowns was a lot less.
@@howardmckenna also you never have to worry about them breaking.
i'm surprised the springbars are gold, and I don't get the point, isn't steel stronger?
More money on maintenance in the long run for Rolex if it’s made of gold
Agreed. When I saw the springbars on the balance I thought: gold plated, more likely so, and you just can’t make a spring out of gold as, yes, steel is much (MUCH) stronger.
I feel surprised as well but I guess if they do go through the effort to make it 18k gold, it is less likely to scratch the watch when you replace the strap? If you put a harder material like steel against gold it's going to easily damage the surface.
If they use steel springbars, the steel will damage the gold case (the lug holes) in the long run (just slight micromovements when the watch is used), since its by many factors harder than soft gold.
@@TheCatfishBlues It's actually the other way around. Gold abrading against stainless steel eventually damages the steel more than the gold.
being in the gold mining industry myself..am glad someone put a face to our products..its very expensive to even extract from the ground let a lone where on a hand...
Awesome man. Where the the mines you work at located? We love gold and precious metals.
Very well said my friend For a big 🤐
Yeh but there's a markup for the brand name, quality, craftsmanship etc
Of course. We're not disputing that, just showing how much actual gold is in the gold Rolex and what percentage that is of the actual market price.
It has nothing to do with quality it’s only the brand other quality watchmakers like seiko Make equally quality for less prices
@@timeless3970 don't forget that there are 10 diamonds in the dial...
Only the finest CNC machines are used to create this old world treasure.
When gold is re monetised, a gold rolex at todays prices will be worth its weight in gold. Good investment.
Gold is definitely on our radar as well!
People, you aren’t buying a piece of gold as investors you are buying a Rolex timepiece of incredible workmanship that is finished in gold. The two purchases are not comparable!!!!
No one in their right mind would suggest that the price of a horological piece of art should be close to its weight in gold. That's not what the video is saying. It's just trying to kill a curiosity many people have.
@@Crmjewelers I can accept that wholeheartedly, wish you had been clearer for the business guys out here. We aren’t all just consumers.
No problem Mr. Muir. My pleasure, anytime 👍
@@Crmjewelers it’s Bob -;)
you are not buying a block of gold! This is expertly crafted by the best in the business, and the workmanship adds value to the gold itself!
Obviously, I agree. The point of the video was not to say otherwise, but simply to provide an answer to a question that many people have.
I thought it was closer to 30-40%. Amazing video though! Congrats!
Thanks man. 30% is still close enough. Thank you for watching!
@@Crmjewelers That's assuming it's not plated, Don't you think it's gold plated and not actually made from gold?
@@arunmfive It is not because of the weight ! Gold density is very high, much more than brass or steel (nearly 3 times)
No, it's not gold plated at all. The XRF Analyzer that we used to measure the gold detects 10mm of plating.
Now this is the content we want to see!!!! Thank you for making a unique video.
Thank you so much Hameal. This is definitely the direction we want to take the channel, with much richer content than before.
I guessed 20% before watching the video so I’m right on the nose :)
You da man my friend 😉
People do not buy gold Rolex watches for the amount of gold in contains but for the aura, prestige and the glamour it carries. Besides the look and immaculate workmanship of Rolex is a joy forever.
No they don't. This video is not about that.
13%
I would have initially guessed around 10% as well.
@@Crmjewelers Yes it's 10%...
@@GnrlZBenZ no, it's 20%. Did you watch the video?
@@Crmjewelers HAHAHA savage
@@Crmjewelers Yeah u right, sorry ! On this model it's 20% :) So not so crazy multiplier, Cartier is worse for pure jewelry (not watches).
I legit guessed 20% exactly. However, the watch isn't priced for gold alone. Labor on making the watch has to be accounted for, the movement of the watch, engineering, and paying someone to assemble it, plus retail mark up. You don't wear precious metals in raw form, so it's justified that a watch like this comes with a high price tag.
Good guess! Yes, you're right. All of those factors affect the price, but remember that "high" is a very gray area.
No Shit...
So a $39,000 gold watch with only approximately $9,000 worth of gold will have a mark up of $30,000 ? Sounds more like price gouging off of a luxury brand name . Unless the watch is a one of a kind time piece then there is no valid justification for a mark up that high . I'm pretty sure that some of the internal mechanism are used in their other models of Rolex watches because it is massed produced . It's not like you have to wait for the watch to be made on every order , the model watch is sitting in many show case retail stores or stock rooms . It's not even a limited edition in design and technology . There is no $39,000 worth of craftsmanship and materials in the watch but it s mostly $39,000 worth of status symbolism that is being paid for .
I hear you Manny, but I think that another factor that's causing hard assets like watches to become so inflated is a continuously loose Central Bank policy. 🤷♂️
@@mannybruce8950 Yes and no. One thing you should consider is that you're helping to pay quite a few people's salaries when you buy a watch like this. Even if there is roughly $30K worth of profit, that isn't just going into the pocket of one person/company. Rolex employs 4,000 people worldwide. These people are paid very well for the products they put out. Aside from that, there are also the dealers to account for which make a decent commission on the product. I agree it's somewhat of a status symbol, but it creates ways to help the super wealthy shed some of that weight in wealth and spread it around. When you consider non luxury brand watches, like G Shock for example, that you can pick up in Walmart for $200-$400, not a lot of people are making decent money off of something like that. The commissions can't be very high (if any at all), and because they sell in volume, most of the profits go right into the pockets of the manufacturer. I think there is a huge plus side to having luxury brands on the open market by helping a lot of everyday people earn a better living.
25% considering a Oystersteel Rolex is about £8K, this one also has diamonds, they be a couple K too.
20%. not far off!
Good guess man. We ignored the diamonds because when all was said and done, they only affected the final figure by around 1%. Make sure to check out our newly released watchmaking magic vids....ruclips.net/video/onEEhW7DZ5Q/видео.html
Thank you for this awesome video! I did more analysis on this. What a rip-off to buy a solid gold Rolex!
Currently, as of 8/8/2024, the price on Rolex Sky Dweller 42mm Solid Yellow Gold with Jubilee bracelet (Ref #: 336938) is $51,000, while the price on the same model in Stainless-Steel Oyster, 42mm, Oystersteel and white gold (bezel) (Ref #: 336934) is $16,000. So, the price difference (i.e. premium paid) for getting 18K gold variant is $34,900.
Now, using your video as a reference we can try to calculate the true justifiable ballpark value difference attributable to pure gold. We'll make one adjustment: the size of the watch that you reviewed is 40 mm, while the Sky Dweller that I looked at is 42 mm, which I'll assume 5% larger (42/40 = 105%), so I'll adjust all my numbers up by +5%. I don't know the weight difference between the Jubilee and the President bracelets (which was used in your video) so I'm not going to apply any additional adjustments for that.
According to Rolex description, a fluted bezel is always made out of gold, so we can factor that in our calculations: for 42mm Sky Dweller the weight of the 18K bezel is 9.4g, which is about 0.227 ozt of pure gold (9.4g / 31.1034768 g/ozt x 0.75 = 0.227 ozt). That's the gold parts weight in the Stainless-Steel model.
For the solid yellow gold model, I'll take the weight from your video 178.3g and will bump it up by 5%, due to the size difference: 178.3 x 1.05 = 187.2g - this will be the estimated weight of gold parts in the yellow gold 42mm Sky Dweller model, which translates into 4.514 ozt of pure gold (187.2g / 31.1034768 g/ozt x 0.75 = 4.514 ozt).
So, the pure gold weight difference between the gold and stainless steel variants is around 4.29 ozt of pure (24K) gold, which given today's price of gold of $2,464/ozt, has a value of $10,565 - that's how much more a gold watch should justifiably be sold for in comparison to the S/S variant. However, Rolex charges you a whopping $34,900 for that difference!! That is absolutely crazy!! An extra $24,335 (or 9.88 ozt of gold) for basically nothing. What a robbery!! So, if someone thought that buying a gold Rolex would be a good investment, because they would also be getting exposure to gold - that would be a HORRIBLE decision. Instead, if they also want to invest in gold, they would be much better off by buying a S/S watch and using the rest of the "gold watch" budget to buy almost 10ozt of pure gold.
But, that's not all, let's factor in the sales tax. If you live in NYC the sales tax is 8.875%, and there is no sales tax if you buy gold. So, if you factor in the sales tax the rip-off difference gets even more pronounced. Now, you would be paying $38,000 extra for the $10,565 of true extra gold exposure, in other worlds wasting $27,433 or 11.13 ozt of pure gold!!
In conclusion, by buying a solid gold Rolex watch you are giving up over 11 ozt of pure gold!! That is ABSOLUTELY INSANE. Never-ever buy a solid gold Rolex (IMHO).
www.rolex.com/en-us/watches/sky-dweller/m336938-0005
www.rolex.com/en-us/watches/sky-dweller/m336934-0008
www.ebay.com/itm/145296927172
I actually guessed 20%.. because there is always a 80% chance that you'll get ripped of whatever luxury merchs you're buying.
LOL, It's not that you're getting ripped off. It is what it is 🤷♂️
Im sure that metal in your car cost 1000 times less than your car price haha
At least with this watch you're getting some gold 😜
Certain Rolex’s hold value no matter how much gold it’s made with .
@@rickjames5020 what does it mean, it is like gold that you can cash anytime? If I spend 10k for a Rolex watch and sell it 3 years later and get my money back?
I'm guessing 17%, wouldnt be surprised if it was less though.
I thought it was less as well before we ran out little experiment 🤷♂️
20%gold/70%brand name/10% workmanship
And don't forget engineering.
Ingredients: profit, marketing, gold, movement, labor.
Contains less than 2% glass, packaging and FD&C Yellow 40
I have a vintage 36mm Rolex DayDate Reference 1803 with a presidential bracelet (version with hidden clasp) in 18k yellow gold. The watch weighs a total of 127.5 grams. I once disassembled the watch because I had installed a new dial to it and then weighed all the gold parts. The Rolex movement 1556 with dial and hands had a weight of 23 grams and the acrylic glass another 2.5 grams. The bracelet, watch case, case back and crown together had a weight of exactly 102 grams. But only 75% of these 102 grams are pure gold. That's 76.5 grams. That's 4,600$ of precious metal.
That watch is smaller than the DD40, but your calculation sounds about right.
@@NorthCoastBob I bought it in 2013 for 5400 Euro in a pawn shop here in germany. Nowadays you have to pay double the price to get a 1803 on a Presidential bracelet together with original box.
Thank you for posting this as I have a 18248 bark finish Day Date and was curious about ours vs. their 40 mm. Cheers🥃
This video is so much more professional compare to before ! 👍🏻
Thank you Shayn. We think so too, but yet some people were complaining that they wanted us to go back to the watch reviews of long ago 🤦
fair enough computation... brand+ gold+ craftmanship(actuall making of watch)+ employee salary+ marketing+ commission+ prestige(of wearing)+ warranty= $39K >its actually not too bad!
You're right 👍
I said 20...and 9000 of the price of the watch in gold so ..watching gold and watch videos is making me an expert..lol
Rolex has their own foundry and a team of Metallurgist. They use superior alloys such as platinum or palladium in some cases to stabilize and inhibit tarnishing. Every other timepiece manufacturer simply orders 18kt. It also allows them unique opportunities to come up with some one of a kind products. The dream dust Dials were a direct result of the research team looking at the gold cooling which created a dream dust look and applying that to there dial making.
Yeah, rolex have the best marketing for sure but they very stale with regards to design, complications, movement finishing and innovation.
They would rather ad rolo at the start of everything than get around to applying AR on thier watches.
Take the boxy ugly sub case, no one really liked it but because of the brand they convinced themselves that it was attractive and toolish, they have finally corrected this after a decade.
Look at the dials of the unique langes.
Or even the movements and complications of thier rivers JLC and Omega....they make a solid but basic watch thats then marketed to hell.
Dont forget the amount of labour to create all the intricate designs that goes into the making!...
Of course. That's definitely a big part of the value. 👍
The all gold day date costs £30k, the datejust £6.3k. The gold costs £6.5k.
Its doesn't cost an additional £16.2k to add a date function and to work with gold.
Its just a silly mark up back those that can afford to wear this don't care about the money.
Its the posers that can't really afford it and buy it that are the real losers.
Look at a 20k Lange and its movement finish, alot of thier cost goes into the craft. Not with rolex.
@Huge Hulk yep, a display of wealth vs buying the best.
@Huge Hulk so people who know watches don't have money? Hmmmm? 🤔
@Huge Hulk I know a lot of sophisticated collectors who like Rolex watches as well. I don't think we can generalize about these things.
The monalisa painting also 50% canvas and 50% paint but you pay $860 million if you want to own it. You pay the art of making watch if you buy a Rolex. It also handmade so you pay for the craftmanship of the watchmaker.
About 15% or less, The watch isn’t selling how much the gold is worth but the whole package which includes the movement and the craftsmanship because Rolex makes everything in the house even there gold bracelets and cases for watches
Definitely man.
I’ve learned something new today.
The our objective is met 🙇
I guessed 10%. But what surprised me the most, was that the bars connecting the bracelet to the case were made out of gold too. I kind of thought gold would be to soft for a use like that.
The pins that connect the bracelet to the watch are actually steel but the rest of the bar is gold.
@@squanchy9755 hello
The value of the watch does not comes from its precious metals but its craftsmanship.
Wow I was close with a guess of 18% of gold in a Rolex
Now that was a good video! Thanks for sharing, I learned a lot. 👍🏻
Thank you Frank. We've been meaning to record this video for quite some time now.
This was a great video, very informative. Please keep up the great work ✅
Thank you James. This is definitely the direction that we needed to take our channel in for a long time, with more content variety and depth, not just watch reviews.
Considering that 37% of the price goes to the AD and the fact that Rolex obviously wants to make a profit, it’s actually higher than I expected.
to be fair that price is higher than what you would pay if you found one at an AD and that model had diamond hour markers. older Day-Date watches can be bought for around $10,000 so you are almost paying for the gold alone
180 grams ? That's way too heavy for a watch, I couldn't wear that on my wrist all day long.
Yes, all gold watches are a bit heavy unless you wear them with a leather strap.
I actually guessed 25-35% of the price is from gold. I was surprised by how close I was.
You da man Logan!
Logan Weeks good for u
It is mostly the 18k gold for luxury stuffs. Best composition for highest gold rate and durability.
But the big question is, what was your guess? 😜
Nailed it. The music in the video didn’t.
Thanks Tom. It's difficult to get the perfect music to please everyone, but we're definitely working on it. 👍
I guessed at the start $9k so wasn't too far off.
I said $9K because your paying for the brand and engineering but I was surprised it was that little!
Thanks for guessing man. Get ready for our analysis of Rolex's biggest gold watch today.
40% - my guess was double the actual answer 😂
Damn, I wish.
The labor of love that the watchman spent to make the watch flawless what really counts. BTW, I focused on the Panerai of the watchman and not the Rolex being disassembled 😂😂😂.
Ha Ha, another Panerai fan! 😉
@@Crmjewelers I wish I have the Panerai. BTW, I have 4 Rolex watches. My favorite is the HULK 😊😊😊
@@MAC-ez2rq nice man. Congrats!
At least you are getting gold, Chanel bags cost 8 grand and they can’t even plate the hardware with gold like they used to in the 80s, they have price increase twice a year
Yes, 20% is not bad and it's even higher for some older models. We'll analyze more models down the road.
I remember asking a Jewler that question and they estimated 25-30% if lucky for a full gold timepiece and they used rolex as the example/benchmark. I don’t think any other brand puts as much gold in their watches... or is there? Could be another video topic. Which brand uses the most precious metals in their watches or which brand gives the most precious value percentage in their watches?
That would definitely make for a nice topic Mohammad. We also want to run this same test on the AP Brick ("the pounder") to see what results we get.
@@Crmjewelers I look forward to seeing that!
I reckon A.P would take the cake if you used the royal oak
Yeah, we're going to do the brick on another video like this one.
A fallacy in the report but the overall point is a good one. You say most of the price "has nothing to do with the precious metal content." Even though the greater expense may not be from the value of the pure gold content, it could be that an 18k gold Rolex is more expensive to make than a steel one, if a) forming, assembling, and polishing the parts is more expensive with gold (maybe it requires more care or more refined or delicate machinery), or b) maybe Rolex's 18k gold has expensive alloys (the metals mixed with the pure gold to make it 18k) or maybe Rolex has some special way to "mix" its gold. Rose gold, for example, is more expensive than yellow, though it has the same pure gold content. White gold I believe might be 18k, but has silver(?) mixed into it. So, in any of these explanations, the higher price clearly "has something to do with" the precious metal content, even a lot to do with it. But this is all speculation on my part. For that matter, they may even be factoring the cost of transporting or insurance or any other considerations that wouldn't apply with steel.
Still, excellent point that it is nowhere near $20,000 worth of gold. Excellent education of consumers in this message. I have often wondered this question. Depending on how accurate my speculations may be, the point definitely stands, probably 90-95-99% accurate. Thank you for the fascinating, very informative video!!
They showed the actual metal content in the video, the 25% are almost 50/50 silver and copper, pretty standard alloy for gold jewelry. And making the parts isn't much harder than it would be with steel either (movement isn't made of gold anyway, other parts are rather straight forward).
The price of a Rolex has almost nothing to do with how much it costs to make, just how much the pimps are willing to pay for the brand on the dial.
Rolex actually says that to them, gold is easier to work with. After all, gold is the most ductile metal on this planet.
Excellent video. May I recommend that you do one for diamond set/factory iced out watches? Would be interesting to see what the diamonds actual worth in relation to the retail price.
Even more brutal . This tiny thingies are practically worthless
Gold was $1750 per oz. in 2012, and today it's $1850. meanwhile, the USD has lost 50% of its value in that time. Gold is no longer a hedge against inflation. Worst investment of the last decade.
Which it was 100%, but for that, we can just buy gold! 😉 Great video!
Thanks man. Really appreciate it.
Finally a video about this subject! Great job guys! It's even more ridiculous with Platinum watches at the current market value of Pt
Thank you. And just wait until you see the discrepancy for stainless steel 🤦
@@Crmjewelers SS is the standard material for watches nowadays. I'm willing to accept the prices as they are. The ridiculous thing however is the premium brands charge for a SS model compared to the same model in precious metals. It's simply theft in most cases. Charging 25k above the SS model for 120g of 18k gold worth 6000k. Hello Cartier Santos and company 🖐🏻
@@m.e5544 I am so and so not a fan of Cartier ( latest there watches ). I do own a few Cartier glasses and a fountain pen. I did many years ago own a Cartier de must tank watch. 925 silver with gold plate. I took to the Cartier Deal in Europe to get a quote on restoring it with a new leather band etc. The shop to my details and for ages I heard nothing. Was Almost 3 years later when my Girl friend said to me you have a call from Cartier. Me thinking huh. I never called them. So I answer. They asked me if I was still interested in getting my watch restored. I was like...ummm. 3 years too late. It's sold. The service by them I found to be terrible.
First off Thank You 🙏 Very Much For this Video!
Second only 20%, 20% of GOLD, smh 🤦♂️!!!! Smh 🤦♂️
I watched this video twice cause I couldn’t believe my eyes! Are older model Rolex’s(70’s, 80’s and 90’s models) do they have more gold? Do you know what era has/had the most Gold in the Actual Rolex.
Quick story it’s funny you put this video up on Rolex, because in 2014/2015 when Rolex made the change of 36MM to 40/41 MM face I thought okay it looks a little More Masculine but it’s so shiny. This video proves my point. Most of these watches have nothing but copper. I’m stick to the Vintage Timepieces(which I already was fond of before!!!!)
Appreciate the Video!!!
Really Do!
Thank You 🙏
Thank you Lazaro. Those are good questions. We plan on doing the same thing for older Rolex models and gold models of other brands as we move forward as well. It should be interesting!
@@Crmjewelers I noticed a lot of incorrect spelling and sentences so I edited. Don’t want to leave in-corrections on your comment page, not a good look. My pleasure, I really couldn’t leave how a plain Jane Rolex can cost $40,000 but only worth $8000 and some change. It’s as if we are in living in the film “They Live” 1988 where we(humans) need to consume and not ask questions. Lmao 🤣
20% of Gold My God!!!! Incredible
Thank You Again for this video! Can’t wait to see the next experiments!
God Bless 😇🙏
I was somewhere in the ball park...I figured 15%.
Gold is actually very plentiful but it is used in a lot of other things. It's real reason for being worth so much, other than because we precieve it to be, is due to extraction. It's a lot of work and logistics.
I was once told that hold Rolex gold is far better quality than any other places...lol, talk about snobbery at its height.
Designing , testing, Gathering raw materials & resources , manufacturing the parts and assembling them and then more testing lol to me it kinda sounds like a lot of hard work
My guess was 20%! I loved this video thank you.
Thank you Brian. Really appreciate it!
That was actually a lot more gold then I thought there would be , I figured an oz of gold
People must understand that this particular Rolex Day-Date 40 model costs $39k due to the diamond markers. A model without diamond markers retails for much less which increases the gold value percentage.
The diamonds on a dial affect the final percentage by a max of 1% total (assuming full retail price on the diamonds). That is the reason we excluded them from the final calculation and also to simplify things for the viewer.
Tbh i was simping over that Panerai for most of the video
LOL, lot's more Panerais to come on future videos!
Lmao I actually guessed 20%. You don’t need to believe me I know in my heart I got it right
I believe you Benny and know you're a man of exactitude 😉
I guessed 30%... My stainless submariner was almost $10,000 the value of the gold content is $0 🤣
LOL, ya think? 😜
actually the hands are white gold in that too so probably a few $
@@pizza.doctor we mentioned on the video that the hands weigh less than a tenth of a gram, so they're at most a few dollars in gold.
@@Crmjewelers don't forget the indices!
The diamonds are worth a lot more than the hands, but even at full retail, they'll affect the final figure by at most 1% total. That's why we decided to ignore them.
Bro honestly I thought because of the 18k gold in it I thought 70% was due to the gold and the rest was craftsmanship
Who buys watches for precious metal value? You want gold buy gold, you want a watch buy a watch. Craftsmanship on that watch is next level and black dial with baguette hour marks 😍😍😍😍 c est magnifique 🤣🤣🤣🤣 that day indicator in french 🤦♂️🤦♂️
I had a feeling we were getting shafted, 10-15 percent I guessed, it’s robbery but as a lot of comments here say there are companies doing worse with plastic and rubber
Ha Ha, true. My original guess would have been close to 10%.
Do you know how much the paper costs in a $100.00 bill? Or how much the ingredients cost in a really nice dinner? How about the material cost of a Rembrandt? The whole concept of this video is silly.
But I made you watch 🤣
CRM Jewelers he missed the point 😂😂😂
Now reassemble it and sell it as new on Jomashop 🤣
LOL, it wasn't new to begin with.
You pay more on gold watches for more gold but you pay more for less gold in the watches.
I don’t think it’s just the gold content. I think it’s the craftsmanship of placing the gold on the watch and everything else.
Yes, of course. We're not saying otherwise. You have engineering as well.
CRM, could you please tell me the total weight of the watch before your watchmaker disassembled it? I've read anywhere from 225grams to 250. I'd love to know the exact weight. Thanks.
On our scale, it registered 211 grams.
I would still love to have this watch! Really you are primarily just paying for the name of Rolex.
Yes, brand name, engineering, design, labor, etc.
Each of these waches are one piece of art and thats where the price cames from.
The production cost of this 18 K gold Rolex DD with some diamond dials is about US$15000, but you have to pay about $40000 for it to tell people you are a rich guy.
I guessed 10%. With these watches you are paying for the name more than the metal. Even stainless steel Rolex watches cost a lot, and we all know how cheap steel is.
Exactly Paul. For stainless watches the discrepancy is even greater.
they are not chinese steel, it is 904l
Judging on how expensive rolex are retial made of steel Id say 20%
Did you peak?
I would have thought with that kind of price, it would've been approximately 90%. I guess I was a bit off. For around 39 grand, I think all of the gold parts of the rolex should have been pure gold.
Pure gold is way to soft. The watch would break in a week. Even 18kt gold is considered soft. Most watch collectors only wear their solid gold watches on occasion simply because it would become damaged fairly quickly from every day use
@@bluefoo1415 Makes sense. I heard that even silver is a soft metal, though not as soft as gold, and I guess that's why all, or at least most, silverware that's made out of actual silver, is sterling silver, which is like around 90% silver while the rest is other metals. For 39 grand, I guess that rolex was top of the line.
@@Steveman27 but yeah like i find it bullshit how they charge so much more for precious metals then what its actually worth, espeshelly gold chains, there isn't much labour in making gold jewelry. Its always better to buy hand mand gold jewelry from small jewelers in India or the middle east, they only charge for the value of the gold plus 10 - 15% for labour.
Rolex's 18k Gold: Gold (Au) 75% , Silver (Ag) approx 12.5% and Copper (Cu) approx 12.5%. But looks like a lil pinch more Copper than Silver to reach that perfect yellow color.
My guess was 30% and I thought that was low. Thank you for giving me a quantitative reason not to buy a gold rolex apart from the fact that i dont have £30-40k. Audemars Piguet gold watches are even more expensive than rolex, so the 20% for rolex is probably only 10% for AP.
Thanks man. AP is the next video like this we want to do.
And Audemars Piguet, especially the RO Off-shores has rubber bracelets instead of gold, yet it’s prices are higher than full gold Rolex President. Of course they are also only 18 karat gold, you don’t want your watch deformed midway to lunch.
But again it begs question, are you buying high-end timepiece with its known watchmaking history or are you only buying gold?
Lol I’ve always wondered this exact question
I'm glad we could be of service Sean 😉
Hi...this watch mechanic mr.sir is very well experienced in watch makers
You should also do a similar on take on a Rolex stainless steel watch of exactly the same type as the gold version . I bet you would find both identical watch movement vary greatly in price reference to the cost of the Gold. It other words the Gold version would be hiked up by a huge margin whey above the value of the Gold. ( same Rolex movement + stainless case/strap ) against
( same Rolex movement + gold case and strap ) so you will be paying for gold way above its actual value. Just because its a Gold Rolex .
Unfortunately, there's no stainless version of the gold Rolex model we experimented with, but regardless, stainless steel models have an even greater discrepancy between the material costs and the watch price.
I'm actually pretty shocked at how wrong my guess was... lol I expected 70%-80% of the cost to be Gold.
🤞🏾
at first i was like, its pobaply 10 and the i said, nah it must be like 20% ore somthing
Good recover Aiden 😉👍
I guessed 20% but then again I know about watches and carats so I think I had an educated head start.
You da man!
Rolex is nailing the 80/20 principle
We will do other Rolex models and pieces from other brands going forward as well to compare.
That’s why You’re better off buying stainless steel watches !!
Not far from the truth 🤷♂️
When you buy this kind of watches you are not actually looking on the value of the gold or even if the watch is correct installed. But you can also see this as an watch enthusiast and say you pay for the movement which was made in hundreds of hours in hand made.
True, but given the importance of gold in today's market, it's still helpful to know how much you're getting. 😉
Sorry to disappoint you but the movement is hand assembled but not hand made. They are mass produced, machine made.
Buying a NEW solid gold watch is almost the most expensive way to buy gold known to man.
Buying a VINTAGE gold watch such as a Tissot or Certina from the 60's or 70's can be done for just over the scrap value (and sometimes less).
The value of the crystal on the watch, which on Rolex timepieces, is actually sapphire, is fairly substantial as well.