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Why Do Some Watches Have A Hefty Price Tag?
2 March 2024
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Quartz watches rely on batteries for operation and are budget-friendly, while mechanical ones use springs
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Mechanical watches, pricier and enduring, demand precision in design, involving hundreds of intricate components
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Luxury brands invest millions and years in crafting new movements, exemplified by Patek Philippe's $26 million creation
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Patek Philippe's Grandmaster Chime boasts a movement with 20 complications and 1,366 parts
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Engineers' salaries contribute to the substantial cost, and nearly all mechanical watches incorporate gemstones, often rubies
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These gems facilitate perpetual movement of gears, swindles, and cogs, ensuring long-lasting functionality
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Mechanical watches can endure without servicing for years, demonstrating their robust craftsmanship and reliability
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Production of high-end watches is limited, as crafting intricate movements demands skilled artisans and precision
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The inability to quickly scale production poses a challenge when demand for these watches surges
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The scarcity of skilled personnel further impedes the rapid expansion of high-end watch manufacturing
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