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Economy News

The Economic Times

Economy / The Economic Times

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Fashion to Furnace: Some luxury gold watches fail the test of time

Luxury watches like Omega Constellation are being melted for gold. High gold prices make metal value exceed resale worth. This impacts used models from Omega and TAG Heuer. Dealers are scrapping watches as demand for investment gold rises. Some owners find this practice tragic. High-end brands like Rolex and Patek Philippe are less affected due to strong demand and waitlists.

14 Jun 2026 5:00 am