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three gold watches
Three styles of the “Victory Tourbillon” watch. (GetTrumpWatches.com)

Watch expert says $100K Trump gold watch only costs $25K to make

Yiwen Lu
9/27/24 4:23PM

ICYMI, Donald Trump is selling watches. Introducing “Victory Tourbillon”: 122 diamonds, 200 grams of 18 karat gold, and a tourbillon movement. With a hefty price tag of $100,000, to boot.

But the internet’s favorite Swiss watch technician – Alexander Colvin, aka @thewatchregulator – said that the watch is only worth probably a quarter of its price, at most. 

Movement: $3,000

First up, what’s moving the watch? The Victory Tourbillon’s movement was made in La Chaux-de-Fonds, Switzerland, by Olivier Mory, who founded the watchmaking company BCP Tourbillon, Colvin said. Mory’s productions were known to be accessible and affordable, starting around $3,000.

(A Wired article pointed out that Mory’s tourbillon was, ironically, half made in China, and half made in Switzerland.)

Even then, Colvin compared the Victory Tourbillon to a $7,350 ballard Onyx Tourbillon that BCP made:

We can clearly see that the level of finishing on the Trump tourbillon versus the finishing on the 7,500 dollar watch is far, far inferior, making me believe that this is probably the very cheapest tourbillon that BCP manufactures.

Gold: $13,000

Now, onto the price of the gold, which usually makes up the most value of, well, a gold watch. One gram of gold costs about $65; Trump claimed that his watch has 200 grams, so that’s 200 times $65 = $13,000. 

Diamonds: $1,500

Colvin’s friend Shanyn Linklater, aka @shanyn.the.jeweller, added that the 122 Very Slightly Included 1 (VS1) diamonds on the watch were unlikely to cost more than $1,500.

Manufacturing: $7,500

Lastly, Colvin kindly added the cost of manufacturing the watch and said that the watch is worth $25,000 at most, so I subtracted that by the materials cost we’re left with about $7,500 in other production charges.

According to the GetTrumpWatches website, these watches are sold by a company called TheBestWatchesonEarth LLC.

(Please excuse us briefly while we rename Sherwood News “TheBestNewsPlaceOnEarth”).

If you still plan to buy it, just know that the shipping starts “October/November/December,” so only pre-orders are being taken at this point. There are no refunds, either, with all sales final. But you can pay in Bitcoin, if that’s your thing.

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The DOJ is suing Uber, alleging the company discriminates against passengers with disabilities

The Department of Justice has filed a lawsuit against Uber on Thursday, alleging that the company routinely and illegally discriminates against passengers with physical disabilities.

The lawsuit, filed in federal court in San Francisco, alleges that Uber’s drivers regularly refuse service to passengers with service animals and stowable wheelchairs. Some passengers are charged cleaning fees for service animals and cancellation fees after being refused a ride, the lawsuit alleges. According to the complaint, others are insulted or denied requests like sitting in the front seat due to mobility issues.

“Ubers discriminatory conduct has caused significant economic, emotional, and physical harm to individuals with disabilities,” the lawsuit reads.

A survey last year by the organization Guide Dogs for the Blind found that more than 83% of people who are blind or visually impaired said they’ve been denied ride-share service.

In a statement to Bloomberg, Uber disagreed with the lawsuit, saying it has a “zero-tolerance policy for confirmed service denials.”

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Draft Senate bill gives AI companies a two-year pass on federal regulation, Bloomberg reports

Bloomberg reports that a draft bill from Senator Ted Cruz would give AI companies a two-year pass from any federal regulation when they apply to be part of a White House-controlled “regulatory sandbox.” Such a regulatory framework frees participating companies from federal agency oversight while simultaneously handing President Trump broad powers to shape a still nascent and increasingly powerful industry.

The draft bill allows companies approved for the waiver to request renewals for up to eight years, according to the report.

The fast-moving generative-AI boom that took the tech world by storm was kicked off by the release of OpenAI’s ChatGPT less than three years ago. A potential decade free of federal regulations would be a huge win for companies like Meta, Google, OpenAI, and Amazon.

In July, the US Senate voted 99-1 to kill a planned provision from President Trump’s massive tax bill that would have prevented any state from regulating AI for 10 years.

The fast-moving generative-AI boom that took the tech world by storm was kicked off by the release of OpenAI’s ChatGPT less than three years ago. A potential decade free of federal regulations would be a huge win for companies like Meta, Google, OpenAI, and Amazon.

In July, the US Senate voted 99-1 to kill a planned provision from President Trump’s massive tax bill that would have prevented any state from regulating AI for 10 years.

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Airbus faces a 10-day strike from UK workers, mirroring Boeing’s labor strife

Thousands of UK union Airbus workers plan to strike for 10 days in September amid a contract dispute.

The union workers build wings for Airbus’ commercial jets, threatening a production slowdown for the European plane maker.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

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