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My seiko is titanium and I like it. It is very light on the wrist.

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They seem to have forgotten to shine a light on titanium. They'd see that it is rarely shiny and often looks like pig iron. But yes, as odd as I find it, there are people that like wrist weight. I'm more of the Colin Chapman school of "Simplify, then add lightness" but I fear I'm in the minority.

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Here's a TL;DR...

Gold was once the most desired of all metals. Gold is heavy. Connect the dots and voila! "Mystery" solved. 

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The precious metal factor aside, it still astounds me how many people feel the weight of a watch and immediately equate it to quality.

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I am not a fan of heavy watches, I have an Omega Seamaster pro-Chrono, and I rarely wear it because it weighs my wrist down. I think this is the reason why I always steered away from Chronographs because of their size and weight. 

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It's not really surprising and just like @OscarKlosoff mentioned, titanium is not easy to make pretty.

I like titanium and personally I would welcome more models made from titanium.

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Me too, chasing titanium watches at the moment. 

But people instinctively equate weight = more for your money. Weight equals solidity equals quality. Oh course with watches, it's not so simple. 

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AllTheWatches

The precious metal factor aside, it still astounds me how many people feel the weight of a watch and immediately equate it to quality.

Heavy Automobile Doors would like a word...

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Aurelian

Heavy Automobile Doors would like a word...

Let’s slow down!  There are fewer things more satisfying than a heavy car door closing with a quality “thunk” as it locks. 

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AllTheWatches

Let’s slow down!  There are fewer things more satisfying than a heavy car door closing with a quality “thunk” as it locks. 

That sound is manufactured for your enjoyment.

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Harley Davidson and Ferrari have their sounds.  Why not heavy car doors?

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Heavy great if it's a precious metals, but I'll take a light watch over heavy one any day