Vintage Omega Constellation

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Seamasters aren’t my thing but:
Yes, if gold plated the plating will wear off
No, it’s not worth £1,599 ( or even half of that)

On top of which, IMHO, the watch is unattractive and looks like a bar of soap.
 
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For decent watches at reasonable prices - make sure that you follow these threads (daily)
https://omegaforums.net/forums/private-watch-sales/

Be aware that the watches listed are often abroad and will attract import fees and factor in a service.
 
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I don't think I'd buy a gold-plated watch as a gift. I'd stick with solid cases (gold or stainless) or gold-capped. And while that particular Seamaster case has its fans, personally I'm not one of them.