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.
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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.
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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.
How to sell your Rolex Luxury Watch on eBay:
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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.
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Have you been browsing for a new watch, but feel unsure about what size you should be looking to purchase? Rest assured, this is a common feeling. You want your watch to look good, but it also needs to feel comfortable. And if you pick the wrong size, you may attract attention for all the wrong reasons.
After all, the human mind has become accustomed to the concept of proportion, and we naturally notice if something appears too big or too small. Not to worry. Here, we have compiled a helpful guide, which will show you how to choose the right size watch to best fit your wrist and style, so you attract envious glances, rather than confused looks.
Measuring Your Wrist
Before doing anything, it is important to take a measurement of your wrist. This will allow you to establish where your wrist falls on a basic scale of small to large, and give you an exact measurement to provide us with when you order your watch through Jaztime.com, so that ultimately we can adjust the bracelet for your ideal fit.
The easiest and most accurate way to do this is to purchase a tailor’s tape measure. If you have a tape measure thats great, if not you can use our printable wrist measure. From there, measure around your wrist, above the bone, in the exact location where you would wear your watch. Take extra care to make sure the tape measure is neither too tight, nor too loose.
If you do not have a tape measure handy and if youcannot wait to purchase one, a simple trick is to use a sheet of paper, a tissue, or a piece of string. Wrap it around your wrist and mark the point where it overlaps, then use a ruler to measure the distance from the end to the mark you made.
As a general rule, 6 – 7 inches means you are in the small to medium range, while 7.5 – 8 inches means you are on the larger side. Any bigger than that means you are extra large.
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