A $20 Timex will probably keep better time than a $2,000 Omega. The reason for this is that most watches under $500 use quartz movements, which are cheap to produce and are highly accurate. Mechanical movements, usually the domain of more premium watches, are inherently more complicated and expensive to produce and will not tell better time than a quartz watch. In addition, you will pay more for a watch often because of its value as a piece of jewelry.
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