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Rolex Luxury Watch Update: The Swiss Watchmaker Has Hiked Its Pricing

by Open Marketing Lab Collaborator 05 Feb 2020

When we talk about luxury watches, Rolex is the first name that comes to our mind. Synonymous with perfection, the Swiss Watchmaker has continued to have the biggest market share in the premium and luxury watch segment. Though, from 2020, owning a Rolex luxury watch might hurt your wallet a bit more. Let’s get to know more about this new update and how the brand has increased its pricing.

About Rolex: A Brief History

You would already know that the Swiss watchmaker is based out of Geneva, but you might not know that it was initiated from Britain. The company was registered in London in 1905, but moved to Geneva after the World War I. In the next few decades, the company became a leading name in the luxury watch sector. With revenue of more than $4.6 billion, it holds the title of the 71st most reputed brand in the world by Forbes. The brand holds the record for the most certified chronometer movements in watches. Today, owning a Rolex luxury watch is considered a timeless statement that everyone wants to carry.

 

The 2020 Rolex Watch Pricing Update

• From 2020, Rolex would increase the pricing on its models by 3 to 8 percent.

• The new pricing would be applicable on almost all the stainless steel watch models.

• For instance, before the price hike, the 126710BLRO models used to cost $9,250. Now, the pricing of the same model has been increased to around $9,800.

• Initially, the price hike has been reflected in the UK market, but it will affect the global retail value of Rolex luxury watches.

• If you are not from the European Union or the UK and have bought a Rolex from the UK, then you can claim the extra 20% VAT on your purchase.

• The last time Rolex increased the pricing on its product line was in 2012 and hence the move was long overdue.

 

Where to Buy Rolex Luxury Watches at the best price?

If you are planning to buy a Rolex luxury watch at a great price, then simply head to WatchGuyNYC. It is one of the most reputed dealers of 100% authentic watches that are available at the most competitive price range.

You can simply go to the official website of WatchGuyNYC and select your next timepiece from its extensive collection. Some of the major Rolex series that are available on the website are Datejust, Explorer, Oyster, PearlMaster, Sea-Dweller, Submariner, Sky-Dweller, Yacht Master, and many more. Furthermore, you can get the bracelet in white gold, stainless steel, platinum, and even the dial in all kinds of embellishments. From under $5,000 to over $100,000 – there is an ideal Rolex luxury watch at WatchGuyNYC in every price range.

So what are you waiting for? Before the Rolex price hike would hit the shelf, make a smart move and buy your next luxury timepiece. Simply browse the extensive collection of Rolex luxury watches at WatchGuyNYC right here and bring home your next favorite timepiece.

 

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