Omega's Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour.⁣ ⁣ But with gold prices near record highs struck in January, some such classic watches are being melted down as the value of their metal content outstrips their resale value.⁣ ⁣ Higher gold prices motivated retired New York engineer Mitchell Talisman to sell two gold watches and a chain containing a combined 35 grams of gold with 58% purity for $2,660 cash in December.⁣ ⁣ Talisman, who had kept items such as old watches and jewelry in storage since his parents’ deaths, said selling them felt overly complicated, while melting offered a more straightforward alternative.⁣ ⁣ #news #gold #watch #luxury #metals⁣