to read different Methods ( above) on how to make a Frosted Surface. however the Process seem so complicated.( to me).
i did simething very similar to this a few years ago , not Watch but Dental related . and got some succesful results. and it was fairly a simpler process.
* i first Sand Blasted the Metal Surface with 50 Microns Aluminum Oxide ,
* blasted it again with Glass Beads to give it a Satin Finish .
* Clean the surface with Acitone in an Ultrasonic Unit.
* a Small Plating Machine is required which contains a Heating element to heat up and keep the Gold Plating Solution at constant 183 F .
dip the Piece in the solution and by touching the Object with a Zinc Rod everything starts to turn Gold in 5 Seconds .
Cheers
Tony