Nouveau said on Instagram that the value of 200 grams of gold was less than $13,000. And Jeremy Auslander, partner at L.A.-based Roxbury Jewelry, who examined images of the timepiece at The Times' request, estimated that it contained 1 to 1.25 carats of diamonds. He said the retail price for those diamonds at a VS1 grade — the clarity listed on the Trump Watches website — was about $2,500 to $3,500.
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When factoring in the price of the watch's movement — a term for its mechanical innards — as well as fabrication costs, experts told The Times that it probably cost between $20,000 and $30,000 to make each one.
O'Dell, the watch dealer, noted that plenty of mainstream watchmakers enjoy similarly fat margins