Luxury watches like Omega Constellation are being melted for gold. High gold prices make metal value exceed resale worth. This impacts used models from Omega and TAG Heuer. Dealers are scrapping watches as demand for investment gold rises. Some owners find this practice tragic. High-end brands like Rolex and Patek Philippe are less affected due to strong demand and waitlists.

Value of a watch's gold content can outstrip its resale price

LONDON - The Omega Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of…