The Gift of the Magi

There was none other like it in any of the stores, and she had turned all of them inside out.
It was a platinum fob chain simple and chaste in design, properly proclaiming its value by substance alone and not by meretricious ornamentation --- as all good things should do.
It was even worthy of The Watch.

fob chain : 懐中時計の鎖
chaste : 上品な
proclaiming : はっきりと示している
substance : 実質、要旨
meretricious : けばけばしい、俗悪な
ornamentation : 装飾
The Watch : 「あの時計」（ジムの持っている自慢の時計）