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Name recognition aside, a trip to the local jeweler and a comparison of the two watches will lead to the conclusion that the craftsmanship on the Omega is definitely superior to the RW. The steel work is much nicer by far. Also the details on the face and hands of he Omega are sharper. And if you get into the two tone models, Omega uses solid 18k gold whereas RW uses gold plating.
The Omega craftsmanship is better, but you will have to decide if that and the prestige of owning an Omega justifies the price differential.
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