French website iGen.fr, which has provided reliable information in the past, reported on Tuesday that the steel Apple Watch will start at $500 alongside a gold model that will retail for between $4,000 and $5,000. Apple previously claimed at its September event that the Apple Watch would start at $349, but did not disclose further pricing information.

The report claims that the stainless steel Apple Watch in polished steel or black will cost $500, while the gold Apple Watch Edition will be the more expensive version at between $4,000 and $5,000. That price range would be nearly half the estimated $10,000 price that some other reports have suggested.

In terms of a launch date, the report claims that the Apple Watch will launch in time for Valentine’s Day, but that was the most specific date given. We previously shared an internal memo from Apple retail chief Angela Ahrendts in which she wrote that the Apple Watch will launch in the “Spring” following the Chinese New Year.

iGen.fr accurately reported that Apple would launch both the 4.7-inch and 5.5-inch iPhone 6 at its September event and has also provided information that proved true regarding an iPod touch update in the past.

Apple announced last month that its WatchKit SDK will be available in November.

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