Leave Lord Hunter's parting gift? (4,5)

I believe the answer is:

gold watch

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'parting gift?' is the definition.
I don't know anything about this answer so I cannot judge whether this works.

'leave lord hunter's' is the wordplay.
'leave' becomes 'go' (to go is to depart or leave).
'lord' becomes 'ld' (abbreviation for the aristocratic title).
'hunter's' becomes 'watch' (I can't justify this - if you can you should believe this answer much more).
'go'+'ld'+'watch'='GOLD WATCH'

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I've seen this clue in the Sydney Morning Herald.

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