My mother-in-law recently passed away so we inherited these beautiful watches along with many other pieces of jewellery. My husband thinks she bought these in the 60s/70s but like most of her jewellry she only wore them once or twice, hence the excellent condition they appear in. I took them to my local jeweller (In Australia) who along with a watchmaker did some research and valued them at $10,200 AUD each. Just wondering is this realistic? Neither watch fits me and my daughters don’t want them so I plan to sell them on ebay. One is 18ct yellow gold with 28 diamonds and the other is 18ct white gold with 32 diamonds.
My two cents... The watches are mostly worth their value of the gold and the diamonds. The actual watch mechanism adds little to the overall value. So a jeweler evaluates a total by measuring the weight of gold and the size and quality of the diamonds.
Hello, I’m sure if you do a completed listing search on Ebay you will find very similar watches and how much they went for. The appraisal of the jeweler is unrealistic, Im going to go out on a limb and say 1000-1500 usd each. This will bepend mostly on the gold and diamond content as @Deafboy has already mentioned. Good luck
As others have said, eBay completed listings is really the best place to ascertain market value. The absolute minimum should be the scrap value of the gold and diamonds. I can’t speak for the stones, but the 18k gold is worth 40AUD per grams so you can estimate the value by weighing them (take off maybe 4-5 grams per watch for the movement, crystal, stones, etc). The values given by the jeweler are way out. They’re probably worked out as insurance values based on replacement costs for a modern gold and diamond Omega. You could ask the jeweler if they’d like to buy them !
You could probably make more money removing the diamonds and selling them seperate. ( or getting something made with them ) Find a trusting jewellers that deals in diamonds and get the to appraise the diamonds. These watches would have been quite costly when bought but as styles change as said above the value is in the gold and diamonds now.
Reminds of that scene in "Raging Bull" where the protagonist destroyed his Championship belt with a hammer to sell-off the jewels.
Thank you all for taking the time to reply. So I guess I have my answer to whether the jeweller’s valuation was realistic. I do like the suggestion of asking the jeweller to buy them, I can imagine the valuation would change
As above the value will be around the melt value if the gold. Unfortunately diamonds of that size will add little value.