In many ways, the free market and the convenience of online shopping are the enemy of luxury watch brands like Rolex. After all, anyone who knows anything about economics knows the principle of supply and demand, yet luxury watch manufacturers misjudge the demand (and, therefore, the price) of their models all the time. Moreover, they also occasionally make models intentionally scarce, artificially adding to their prestige.
Based purely on demand, for example, there should be more stainless steel Rolex Daytona models. Yet, the company keeps numbers limited to build a sense of exclusivity. If you attempt to buy one from an Authorized Dealer (AD) you will need to be extremely lucky, or you may need to buy it alongside other less desirable Rolex models.
Luxury Watch Brands Create the Grey Market
For Authorized Dealers, watch manufacturers misjudging supply and demand is a problem. Dealers have to pay before they even know which watches they will receive. This can lead to problems when trying to clear their inventory of unsold, unpopular or obsolete timepieces. For instance, a Datejust 36mm with a pink diamond dial could be hard to shift, as it is too big for most women’s tastes, but too feminine for most men.
The solution? In many cases, they try to sell these less desirable watches together with more desirable models to a grey market dealer, who buys in bulk. Of course, the Official Retailer is unlikely to make as much this way, but sometimes cash flow issues and reducing the inventory are more important considerations than trying to sell watches in strict accordance with Rolex’s demands, which can be completely unrealistic.
The Salon International de la Haute Horlogerie, or SIHH for short, is one of the most famous luxury watch trade shows in the world, and the first major event of the calendar year. Held in Geneva, the event sees more than 30 of the biggest watch brands showcasing their latest timepieces ahead of release to the general public.
Among the most celebrated of these luxury watch brands is Audemars Piguet, with the Swiss company having a well-earned reputation for both style and innovation. The company now traditionally uses SIHH rather than Baselworld as its platform for unveiling major releases. In this article, we look at the brand’s new models for 2018.
The themes of luxury, material wealth and status feature prominently in hip hop music, with rap stars often making reference to the products they own in their songs, or showcasing them in their music videos. Indeed, many rappers are far from shy when it comes to talking about or showing off their luxury watch collections.
As a result, there is a great deal of interest in the types of watches rap stars wear, with Rolex being the most popular brand of them all. In this article, we take a look at some of the rappers who have been known to wear Rolex watches and detail precisely which Rolex watches they opt for.
Justin Bieber is one of the most popular and successful pop stars of his generation and in addition to his talents as a singer, the Canadian has established himself as an international sex symbol and has become known for his sense of style. Inevitably when someone achieves such a status, they generate interest in the things they wear.
Through his music videos and endorsement deals, Bieber has become associated with luxury items, and his watch collection has attracted attention too. In particular, the singer is known to be a fan of the Rolex brand. In this blog post, we look at some of the Rolex watches and other luxury timepieces he has been spotted wearing.
Expensive timepieces from the likes of Rolex, Patek and AP are a significant investment and as with any other item that is worth thousands of dollars, you need to look after it well and take precautions to stop it from being damaged or stolen. It is precisely for this reason that many luxury watch owners invest in a home safe.
Keeping your watch in a safe will not only give you peace of mind, it will also potentially reduce any insurance premium linked to the watch. Nevertheless, buying a safe can seem daunting, because there are so many types available. In this article, we look more closely at the various options and explain their plus points and drawbacks.
If you have a used Rolex watch, or any other luxury watch that you are looking to sell, one of the most obvious options is to try to auction it on eBay. Certainly, when armed with the right knowledge and expertise, eBay can be a great marketplace and you should be able to receive a decent amount of money for your timepiece.
With that being said, there are many things you should keep in mind when trying to sell your Rolex on eBay, and some potential pitfalls to avoid as well. In this article, we take you through some of the most important of these.
Disclaimer: Here at Jaztime, we offer a free quote service for those selling Rolex and other luxury watches. With this service, you can find out how much your watch is worth in hours and receive cash within a few business days. Get your free watch valuation by using our free watch quote form (here). Nevertheless, we also have experience in selling Rolex watches on eBay and are more than happy to share some of the secrets to success with you.
For the average person, the most valuable possession they are likely to own is either their home or their car. However, when you buy any expensive or valuable item, you are encouraged to purchase insurance to cover you against loss, theft and/or damage. This includes anything from a laptop or mobile phone, to a bicycle or motorbike. Clearly, when it comes to luxury watches, the same logic should apply.
If you cannot afford to easily replace your golden Rolex, you should give serious consideration to protecting yourself by purchasing insurance for it. In most cases, standard contents insurance will only cover you up to a certain value for a single item, and this is often not enough to cover the value of a watch. So how can you insure your watch and what are the various options available to you? In this article, we try to explain all you need to know.
In January, at the Salon International de la Haute Horologerie (SIHH), Audemars Piguet unveiled their latest range of new watches. This year, the focus from the manufacturer has primarily been about giving face-lifts or visual adaptations to existing models, with one very notable and obvious exception.
Here, we take a closer look at the range of new AP watches for 2017 and how they differ from predecessors.
1. Royal Oak Chronograph 20th Anniversary
In order to mark the 20th anniversary of the original Royal Oak Chronograph, Audemars Piguet unveiled a total of eight new model variations, helping to give the collection a face-lift. All of these models keep the basics of the Royal Oak Chronograph 41mm, released in 2012, but the primary change is the switch to two-tone dials.
This means that every dial has sub-dials of a contrasting color, with options including black and white, white and black, blue and grey, grey and blue, blue and rose gold, and chocolate and rose gold. Three of the new models are available in all stainless steel, four are made from rose gold and one combines titanium and platinum.
When searching for a new luxury watch, $20,000 is a sizable budget, and one that will guarantee you a high-quality timepiece, which is sure to be the envy of friends, work colleagues and family members. Nevertheless, when you are spending so much money, it makes sense to try to get the best possible bang for your buck.
Below, we take a look at seven of the best luxury watches available to purchase right now for under the $20,000 mark. Of course, at Jaztime, we offer discount prices, which increases the range of watches available to you, and may be the difference between buying a stainless steel model, or a more up-market gold version.
For many women, luxury watches are more than just an attractive accessory; they are symbols of status and empowerment. However, while spending around $20,000 on a watch should guarantee a high-functioning, visually stunning timepiece, it is important to remember that some models provide better value for money than others.
Thanks to the discount prices offered by Jaztime, 18k gold timepieces are the norm at this price range, while many of the models are also decorated with diamonds, further adding to their allure. Here, we take a look at five of the best models or this price bracket, so that you can make an informed purchase.
1. Patek Philippe Twenty~4 Ladies – Ref. 4920G-001
The Patek Philippe Twenty~4 collection was introduced in 1999 as a modern re-imagining of the Gondolo. The dress watch has been designed for use in all situations and features a rectangular case, constructed from 18k white gold, which is bejeweled with a total of 34 factory diamonds, giving it a clear feminine appeal.
A total of ten diamonds down both sides of the dial serve as dial markers, while the final two places are marked by Roman numerals at the 6 o’clock and 12 o’clock positions. The case measures 32mm x 30mm, an ‘Eternal Grey’ dial helps to provide a classy and sophisticated appearance, while the watch is powered by a Quartz movement.