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.
Each year, the Baselworld Fair in Basel, Switzerland achieves significant attention from both the media and watch enthusiasts alike – and for good reason. After all, it is the trade show that many of the leading names in the industry use to launch their latest timepieces and generate a buzz ahead of public release.
Omega is widely recognized as one of the global leaders in luxury watch design, with a rich heritage dating back to 1848. Each year, their new releases are hotly anticipated and this year was no different. In this article, we take a closer look at five new models introduced by the brand for 2018.
Over the years, there has been great interest in the Rolex watches worn by celebrities. However, there has even greater interest in the precise models worn by a completely fictional character – James Bond. Although the character has been seen wearing Omega watches in his most recent outings, Bond is still strongly associated with Rolex.
Indeed, the creator of the character, author Ian Fleming, was very specific in his novel ‘Casino Royale’, writing: “He could not just wear a watch. It had to be a Rolex”. In this article, we take a look at the various Rolex models worn by the character on a film-by-film basis.
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.
Omega is one of the biggest names in luxury Swiss watch-making and the release of new timepieces from the manufacturer generates excitement from watch aficionados and more casual fans alike. The prestige of Omega watches is highlighted by famous wearers over the years, including John F. Kennedy, Buzz Aldrin and Prince William.
As with many of the top luxury watch brands on the market, Omega tend to announce their new releases at the annual Baselworld Fair in Switzerland and this year was no different. In this blog post, we take a closer look at some of the stunning new models that the manufacturer unveiled at this year’s event.
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.
Rolex and Omega are established as the two most popular, successful and prestigious luxury watch brands in the world, and whenever one is referenced, a mention of the other is never too far away. In truth, despite there being clear differences between the two companies, the way in which they operate, their promotional efforts and their product ranges, it is not difficult to see why a culture of comparison between the two exists.
Rolex are currently the number one luxury watch manufacturer in the world, with revenues of around $5bn a year, according to estimates published by the Financial Times. Yet, in recent times, the company’s market share in the watch industry has fallen below the 12 percent mark. According to LeTemps, Rolex sell somewhere in the region of 780,000 watches in the over $4,000 category, but Omega are closing in, selling around 720,000.
So, how do the two watch companies really compare and which of the two makes the best watches overall?
Valentine’s Day is right around the corner and it’s time to start thinking about ways to treat that special someone in your life, so that they know how much you care about them. To help you out, we have come up with a few gift suggestions.
At Jaztime, we stock a range of ladies’ watches from some of the top manufacturers around, including Rolex, Omega, Cartier, Audemars Piguet and Chanel. Whether you are seeking a classic dress watch, like the Rolex Lady-Datejust, or something a little bit less conventional, like the Ballon Blanc de Cartier, we have you covered.
Additionally, we offer a one year warranty, free shipping, and a low price guarantee.