A rumor on Tuesday claims Apple’s upcoming Apple Watch will be priced at $500 for the mid-tier steel model and up to $5,000 for top-end gold “Edition” versions, a number much higher than previous estimates. Citing an unnamed source, French website iGen reports Apple is looking to field the Apple Watch at a proposed retail cost of $500 for versions with stainless steel cases and between $4,000 and $5,000 for Apple Watch Edition models. This leaves the Apple Watch Sport version as Apple’s lowest-priced option, which the company said would come in at $350.