ONe of PVD's big advantages is that it is easier to achieve a flawless surface. Any watchmaker, who had a galvanic lab coating some of his work pieces, perfectly knows what I am speaking about. It is extremely difficult finding able and careful enough for the requirements of the watch production. Here are some pictures I botrrowed from a young German watchmaker, demonstrating the results of his quest for a good galvanizer in Germany - in fact, it already was the sixth company he tried:
Note the fingerprint on the upper right corner:
All pics (c) Philipp Nitzsche
If we take into account the inevitable discard, the cost of disposing the highly aggressive chemicals, and of course the higher material cost of a thicker coat of precious metal, I think that the cost per piece is not higher when it is coated by means of PVD process.
If a TiN coating would be called "gold PVD", it would certainly be a false claim, if it is called "gold tone PVD", or "gold colour PVD", this is okay. Personally, I have nothing against TiN, in the contrary, I think it is a very good coating for the case. However, people need the feeling to have something "really golden", when it looks like gold.
Regards,
Marcus