Now Reading:

Apple Watch may spark global gold rush


Apple Watch may spark global gold rush


Gold dealers may be running their hands with glee over the new Apple Watch.

The Cupertino-based firm may consume up to 746 metric tonnes of the precious metal per year in the production of its new luxury gadget. That equates to roughly one-third of gold’s total annual global mine supply.

The watch will come in three varieties – the entry level “Sports” model, the mid-tier “Apple Watch” and the upper end “Apple Watch Edition” which the company says will be made of 18k (75% pure) gold and is estimated to retail from anywhere between $4,000 and $10,000.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article