I bought a watch and spent enough money to purchase a car. The watch is made out of steel, and has a very small amount of gold (rotor, hands). As a matter of fact, in China they sell knockoffs, which thanks to technology, are spot on and sell for roughly $400 (MADE OUT OF SAME MATERIALS except gold rotor). So, there are tons of people running around Miami with WORKING counterfeit watches while people stare at their wrists in awe. And my watch has been looking like the cheap watch with paint peeling, and now with condensation in it.