• Rolex has hiked prices for some of its most popular pieces.
• This comes after the price of gold surged in 2024.
• As of Thursday, the price stood at about $2,700 per ounce.

Rolex, one of the world's most premium watch brands, just got even more expensive.

The Swiss watchmaker hiked up the prices of certain models made of gold by as much as 8% on January 1, Bloomberg reported, citing watch prices from Rolex's French website.

This comes as the price of gold surged in the past year, with a nearly 30% increase since the start of 2024. As of Thursday, the price stood at about $2,700 per ounce.

Models that saw price hikes included the yellow gold Day-Date watch with a 40-millimeter black dial, which increased from €41,000, or about $42,090, to €44,200 on Wednesday, Bloomberg reported, citing Rolex's listed prices.

The outlet wrote that the price of another model, the yellow gold GMT-Master II, increased from €41,300 to €44,600.

The brand has historically raised prices on January 1 of each year, but this year's hikes are higher than last year's, per Bloomberg.

Rolexes start at around $6,900 for entry-level models like the Oyster Perpetual and can cost millions on the upper end.

Why the price of gold surged in 2024

The gold surge in 2024 was due to factors including rising demand from central banks like in Turkey, India, and China. The World Gold Council said that central banks had bought a record 483 tons of the metal in the first half of 2024.

Rising geopolitical tensions amid the Russia-Ukraine war and the Middle East conflict have also increased the demand for gold, which is seen as a stable asset.

Analysts expect the price to keep rising into the new year. Goldman Sachs expected it to reach $3,000 per ounce by the end of 2025.

Rolex representatives did not respond to a request for comment from Business Insider sent outside regular business hours.

• James Mangold considered Joaquin Phoenix for Johnny Cash in "A Complete Unknown."
• Phoenix played Cash in Mangold's 2005 movie "Walk the Line."
• Mangold decided Phoenix would be too old and didn't want to service "meta-movie universe stuff," he told BI.

"A Complete Unknown," James Mangold's look at the life of Bob Dylan, almost gave us another taste of Joaquin Phoenix as Johnny Cash.

Mangold, who previously directed Phoenix in his acclaimed performance as Cash in the 2005 movie "Walk the Line," recently revealed to Business Insider that he thought of calling up Phoenix to play The Man in Black again in his new movie. Cash was pals with Dylan at the start of the folk singer's career, which is what "A Complete Unknown" covers.

"The thought occurred to me," Mangold told BI about the possible casting. "But then I realized he'd be 20-30 years too old to be playing the part."

But wouldn't the hair and makeup departments (and perhaps a little CGI) have gotten Phoenix back to looking like he did playing Cash in 2005?

"Okay, but then what am I servicing?" Mangold responded. "This kind of meta-movie universe stuff that has plagued us enough? I'm a big fan of making a movie and giving the public the movie. Don't try to suture the movie to another movie, just own it. Otherwise movies just become this hyper-expensive television series in which we never stop making new episodes every couple of years."

The Cash role in "A Complete Unkown" would eventually go to Boyd Holbrook, who has starred in other Mangold movies like "Logan" and "Indiana Jones and the Dial of Destiny."

In the movie, Cash is a great admirer of Dylan (played by Timothée Chalamet). The two are pen pals and later share the same bill at the Newport Folk Festival. It's there that Dylan famously plays an electric guitar for the first time — a controversial move, given that the festival was known for only playing acoustic music. The crowd boos him, but Cash stands by his friend, giving him words of encouragement backstage.

Though Mangold didn't go full "meta-movie universe," "A Complete Unknown" and "Walk the Line" are very much linked. In "Walk the Line," Cash speaks to his wife, June (Reese Witherspoon), about Dylan's talents and plays his music in one scene.

"A Complete Unknown" is now playing in theaters.

• James Mangold spoke to Business Insider about his Bob Dylan biopic "A Complete Unknown."
• Mangold explained why Timothée Chalamet spoke in Dylan's voice on set even when he wasn't filming.
• He called the real Dylan's willingness to give notes on the script a "huge gift."

Writer-director James Mangold remembers exactly where he was and what he was doing five years ago when he decided to make a Bob Dylan biopic.

He was in a hotel room in Canada for the Toronto International Film Festival when he paused prepping for the world premiere of his 2019 movie "Ford v Ferrari" to take a meeting with Timothée Chalamet, then a young actor on the cusp of superstardom.

It didn't take long for Mangold to realize he'd found his Dylan. By the time Chalamet left the room, the two agreed to make a movie on the life and times of one of the most beloved singer-songwriters in American music.

Things might not have gotten off the ground as quickly as they'd hoped — COVID happened, Chalamet went and made the first "Dune" movie, Mangold made "Indiana Jones and the Dial of Destiny" — but throughout those five years, the two continued to stay in contact and made separate pilgrimages to see Dylan.

Finally, "A Complete Unknown," which depicts Dylan's rise to fame alongside Joan Baez (Monica Barbaro) and his controversial switch from acoustic guitar to electric in the mid-1960s, is in theaters.

Mangold is one of the few directors working today who has the skill and Hollywood studio experience to pull off a Bob Dylan biopic. After finding success with his 2005 Johnny Cash biopic "Walk the Line," which earned its stars Joaquin Phoenix an Oscar nomination and Reese Witherspoon an Oscar win, Disney's Searchlight Pictures arm knew the project was in capable hands.

"A Complete Unknown" is not a carbon copy of "Walk the Line." While the latter delved deep into the dynamic between Johnny Cash and June Carter, "A Complete Unknown," which Mangold co-wrote with Jay Cocks ("Gangs of New York"), examines the myth-building of Dylan and how his talents elevated the 1960s folk music scene.

But just as Mangold used "Walk the Line" as a showcase for Phoenix's talents, he's done the same with Chalamet in "A Complete Unknown." From talking in Dylan's voice even when the camera wasn't rolling to doing his own singing and even growing out his fingernails (more on that later), Chalamet immersed himself in the aura of Dylan, resulting in the best performance his career so far.

Business Insider spoke to Mangold over Zoom about Chalamet's dedication to the role, whether the disappointing box office for "Dial of Destiny" has made him hesitant about developing his upcoming "Star Wars" movie, and if he thinks Bob Dylan will ever watch "A Complete Unknown."

Business Insider: You've now had sit-downs with Johnny Cash and Bob Dylan while making their biopics. Have you developed a go-to icebreaker for when you first meet legends?

James Mangold: No. I don't have one. But the good thing is the script is the icebreaker. They've invited me into their homes or their spaces because they've read a script I've written. So we have something to talk about. I mean, when I met with Bob the ice breaker was, charmingly, him waxing poetic about loving my old movie "Cop Land." So that in itself was trippy and flattering. 

Do you think Dylan will ever watch "A Complete Unknown"?

I have no idea.

What's your gut telling you?

I honestly have no idea. The reality is I spent a lot of good time with him and I felt like I got a good feeling for him. He does things when he's ready, he gets involved with things when he's ready, he makes comments when he's ready.

I sympathize with his quandary. Do I ever want to watch a movie where some dude is playing me and acting out significant moments in my life? Is that going to be nothing but pleasant or is it going to be weird as hell? So the fact that he took the time to read my script, give me notes, give me advice, chip in ideas, show me where he would make lifts in some songs, and give me the benefit of his wisdom and his insight about that period so I might even dig deeper into those scenes, that was a huge gift and all the generosity I could ever expect from him. 

Watching D.A. Pennebaker's Bob Dylan documentary, "Dont Look Back," confirmed something that's in your movie: Dylan had some gnarly fingernails.

Yeah. 

Did Timmy grow those out or were fake nails put on him?

Yeah, he was growing them. If you look earlier in the movie, there are some scenes where they aren't as long. By the end, he had some full-on Nosferatu going on. 

A lot has been written about Timmy being Method during filming, specifically speaking in the Dylan voice when you weren't shooting. I would imagine a lot of that has to do with him just not wanting to lose the voice, right?

Timmy's not the only person who's ever done that, that's true for most of the actors in my movies doing dialects, they don't just do it and fall out of it the second the scene ends because —

There's a fear of losing the voice.

Well, you're also trying to make it more and more internalized. You're trying to make it something you don't have to think about. So, if you're turning it on and off, you're kind of making yourself hyper-aware of it. If you're just deciding to live in it, that's a whole other deal. 

Boyd Holbrook plays Johnny Cash in the movie. Was there ever a thought to call Joaquin Phoenix to see if he would do the Johnny Cash scenes?

The thought occurred to me, but then I realized he'd be 20-30 years too old to be playing the part. 

But you know movie magic, James! The hair and makeup department would have helped him look younger. 

Okay, but then what am I servicing? This kind of meta-movie universe stuff that has plagued us enough? I'm a big fan of making a movie and giving the public the movie. Don't try to suture the movie to another movie, just own it. Otherwise movies just become this hyper-expensive television series in which we never stop making new episodes every couple of years. 

Speaking of episodic films, you're currently developing a "Star Wars" movie. Are you less confident working on that seeing what happened with the reception for "Dial of Destiny"?

Well, "Dial of Destiny" has an 87% audience score on Rotten Tomatoes. I mean, yes, they would have hoped it made more money, but I actually don't have a lot of shame about a movie that's liked by 87% of its fans.

The issue with "Star Wars" isn't my worrying about if there's an angry or resentful group that is somehow disappointed in what I did in "Dial of Destiny." Honestly, that's their prerogative, that's part of what makes movies great is you can think they're awesome or you can think they're terrible. I can't please everyone and I'm sorry they don't like it.

But in relation to "Star Wars," the bottom line is I don't even know if that's the next movie for me. That's something that Beau Willimon and I are working on writing and all the other tripwires and judgments along the way. I don't want to make it unless it's excellent.

This interview has been edited and condensed for length and clarity.

• James Mangold spoke to Business Insider about his Bob Dylan biopic "A Complete Unknown."
• Mangold explained why Timothée Chalamet spoke in Dylan's voice on set even when he wasn't filming.
• "A Complete Unknown" is in theaters now.

Writer-director James Mangold remembers exactly where he was and what he was doing five years ago when he decided to make a Bob Dylan biopic.

He was in Canada for the world premiere of his 2019 movie "Ford v Ferrari" at the Toronto International Film Festival. In the midst of final prep for the screening in his hotel room, he paused to have a meeting with Timothée Chalamet, then a young actor on the cusp of superstardom.

It didn't take long for Mangold to realize he'd found his Dylan, and by the time Chalamet left the room, the two agreed to make a movie on the life and times of one of the most beloved singer-songwriters in American music.

Things might not have gotten off the ground as quickly as they'd hoped — COVID, Chalamet went and made the first "Dune" movie, Mangold made "Indian Jones and the Dial of Destiny" — but throughout those five years, the two continued to stay in contact and made separate pilgrimages to see Dylan.

Finally, "A Complete Unknown," which depicts Dylan's rise to fame alongside Joan Baez (Monica Barbaro) and his controversial switch from acoustic guitar to electric in the mid-1960s, will see the light of day (it hits theaters Christmas Day).

Mangold is one of the few directors working today who has the skill and studio maneuvering know-how to pull off a Bob Dylan biopic. Already having found success doing a Johnny Cash biopic in 2005 with "Walk the Line," which earned Joaquin Phoenix as Cash a best actor Oscar nomination and Reese Witherspoon as June Carter an Oscar win, Disney's Searchlight Pictures arm knew the project was in capable hands.

"A Complete Unknown" is not a carbon copy of "Walk the Line." For "Line," Mangold delved deep into the Cash/Carter dynamic, with "Unknown," which he co-wrote with Jay Cocks ("Gangs of New York"), the filmmaker examines the myth-building of Dylan and how his talents elevated folk music in the 1960s beyond what musicians in the genre like Woody Guthrie (Scoot McNairy) and Pete Seeger (Edward Norton) ever dreamed.

But just as Mangold used "Walk the Line" as a showcase for Phoenix's talents, he's done the same with Chalamet for "A Complete Unknown." From talking in the unique Dylan voice, doing his own singing, and even growing out his fingernails (more on that later), Chalamet immersed himself in the auro of Dylan, resulting in the best performance so far of his career.

Business Insider chatted with Mangold over Zoom about Chalamet's dedication to the role, whether the disappointing box office for "Dial of Destiny" has made him hesitant about developing his upcoming "Star Wars" movie, and whether he thinks Dylan will ever watch "A Complete Unknown."

You've now had sit-downs with Johnny Cash and Bob Dylan while making their biopics. Have you developed a go-to icebreaker for when you first meet legends?

No. I don't have one. But the good thing is the script is the icebreaker. They've invited me into their homes or their spaces because they've read a script I've written. So we have something to talk about. I mean, when I met with Bob the ice breaker was charmingly him waxing poetic about loving my old movie "Copland." So that in itself was trippy and flattering. 

Do you think Dylan will ever watch "A Complete Unknown"?

I have no idea.

What's your gut telling you?

I honestly have no idea. The reality is I spent a lot of good time with him and I felt like I got a good feeling for him. He does things when he's ready, he gets involved with things when he's ready, he makes comments when he's ready. I sympathize with his quandary. Do I ever want to watch a movie where some dude is playing me and acting out significant moments in my life? Is that going to be nothing but pleasant or is it going to be weird as hell? So the fact that he took the time to read my script, give me notes, give me advice, chip in ideas, show me where he would make lifts in some songs, and give me the benefit of his wisdom and his insight about that period so I might even dig deeper into those scenes, that was a huge gift and all the generosity I could ever expect from him. 

Watching D.A. Pennebaker's Bob Dylan documentary, "Dont Look Back," confirmed something that's in your movie: Dylan had some gnarly fingernails.

Yeah. 

Did Timmy grow those out or were fake nails put on him?

Yeah, he was growing them. If you look earlier in the movie, there are some scenes where they aren't as long. By the end, he had some full-on Nosferatu going on. 

A lot has been written about Timmy being Method during filming, specifically speaking in the Dylan voice when you weren't shooting. I would imagine a lot of that has to do with him just not wanting to lose the voice, right?

Timmy's not the only person whose ever done that, that's true for most of the actors in my movies doing dialects, they don't just do it and fall out of it the second the scene ends because —

There's a fear of losing the voice.

Well, you're also trying to make it more and more internalized. You're trying to make it something you don't have to think about. So, if you're turning it on and off, you're kind of making yourself hyper-aware of it. If you're just deciding to live in it, that's a whole other deal. 

Boyd Holbrook plays Johnny Cash in the movie. Was there ever a thought to call Joaquin Phoenix to see if he would do the Johnny Cash scenes?

The thought occurred to me, but then I realized he'd be 20-30 years too old to be playing the part. 

But you know movie magic, James, the hair and makeup department would have helped him look younger. 

Okay, but then what am I servicing? This kind of meta-movie universe stuff that has plagued us enough? I'm a big fan of making a movie and giving the public the movie. Don't try to suture the movie to another movie, just own it. Otherwise movies just become this hyper-expensive television series in which we never stop making new episodes every couple of years. 

And speaking of episodic films, you're currently developing a "Star Wars" movie. Are you less confident working on that seeing what happened with the reception for "Dial of Destiny"?

Well, "Dial of Destiny" has an 87% audience score on Rotten Tomatoes. I mean, yes, they would have hoped it made more money, but I actually don't have a lot of shame about a movie that's liked by 87% of its fans. The issue with "Star Wars" isn't my worrying about if there's an angry or resentful group that is somehow disappointed in what I did in "Dial of Destiny," honestly, that's their prerogative, that's part of what makes movies great is you can think they're awesome or you can think they're terrible. I can't please everyone and I'm sorry they don't like it. We do our best, if I could please 100% of everyone all the time, I would, but that's a tough thing. But in relation to "Star Wars," the bottom line is I don't even know if that's the next movie for me. That's something that Beau Willimon and I are working on writing and all the other tripwires and judgements along the way. I don't want to make it unless it's excellent.

This interview has been edited and condensed for length and clarity.

• Timothée Chalamet plays Bob Dylan in the movie "A Complete Unknown."
• He was so immersed in the role that he even grew his fingernails long like Dylan.
• "He had some full-on Nosferatu going on," director James Mangold told BI of how Chalamet looked by the end of filming.

If you look close enough while watching "A Complete Unknown," in which Timothée Chalamet completely immerses himself in playing Bob Dylan, you'll notice what many online have pointed out — Chalamet's nails are quite long.

Some even observed Chalamet's lengthy nails when photos from the set were released online. A TikTok video highlights them, and journalist Hunter Harris dedicated an entire post on her Substack back in June to Chalamet's "aprés nail tips."

So, are those fake nails, or did Chalamet grow his out for the role?

"Yeah, he was growing them," "A Complete Unknown" director James Mangold told Business Insider. "If you look earlier in the movie, there are some scenes where they aren't as long, but by the end, he had some full-on Nosferatu going on."

There are theories online about why Dylan grew out his nails — from the nails helping him fingerpick while playing his guitar to simply having bad hygiene. We couldn't find Dylan on the record to explain. Business Insider reached out to the 83-year-old to find out, but he didn't respond to our very important query on this matter.

For Chalamet, however, it's another example of how deep he went into the role for the biopic, which is out Christmas Day. A November Rolling Stone cover story chronicled how the actor submerged himself into the character while filming, including keeping to himself on set, always speaking in Dylan's voice, and singing his songs like "The Times They Are A-Changin.'"

'A Complete Unknown' director said he understands why Chalamet did Method acting on set

Mangold scoffed at the "Method" acting narrative, saying that Chalamet speaking like Dylan even when cameras weren't rolling is a trick actors often do when playing a character with a unique voice.

"Timmy's not the only person whose ever done that, that's true for most of the actors in my movies doing dialects," he said. "They don't just do it and fall out of it the second the scene ends."

"You're also trying to make it more and more internalized. You're trying to make it something you don't have to think about," Mangold continued. "So if you're turning it on and off, you're kind of making yourself hyper-aware of it."

"A Complete Unknown," which also stars Scoot McNairy, Edward Norton, and Elle Fanning, will be released in theaters on December 25.