# @cgtneurope on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DZrtA0vCsTE
- **Gondola URL:** https://gondola.cc/posts/67002179-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ac77c59daf.jpg
- **Posted:** 2026-06-17T10:00:55.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

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⁣

## Stats

- **Views:** 13,103
- **Likes:** 115
- **Shares:** 0
- **Comments:** 4

## Tags

luxury, news, watch, metals, gold

---
Copyright (c) Gondola