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Patek Philippe

Chlorine is my other guess.

 

One picture is not all that helpful, but please check if it stamped 18KT or 750? If it is not, it could be plated. The only other explanation I can think of is this is a form of chlorine corrosion that is attacking the alloy. It looks like a chemical reaction as a clear copper line can be seen. Has the original poster been handling bleach? A drop of bleach will destroy most gold alloys.

If it is a 2497 and it is a chlorine reaction, you're going to have to send it back to Patek to be re-cased as that is an expensive timepiece and the damage done to the case could have affected the gasket under the crystal, as well.

As a warning to everyone: Take off all gold alloys when using bleach, wear gloves or wash all jewelry thoroughly if it does come in contact with harsh chemicals.

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