Quick Answer: What Is A GREY Rolex Dealer?

Is it safe to buy watches from Jomashop?

Jomashop is a legitimate, respectable business.

I’ve bought a few watches from them.

You will not get an Tag warranty with the watch, as Jomashop is not an authorized dealer.

They are what is known as a ‘grey market’ dealer..

Which Rolex holds its value the best?

Rolex GMT-Master II. The Resale Stats: Rolex GMT-Master II watches hold a resale value up to 118% on average. Ref. 16710 is a resale superstar, with some models having the highest resale value.

What is a GREY seller?

Parallel imports (also called grey or direct imports) are products that you buy from a seller who does not have specific permission from the manufacturer to sell those products in the Australian marketplace.

Is Jomashop a GREY market dealer?

Likewise, Jomashop is a grey market watch seller, which makes it a totally legitimate business. Jomashop’s business model is entirely legal, and they sell authentic watches. … This is how Jomashop can sell new watches at significantly lower prices than a dealer.

Do Rolex dealers discount?

None. They Never discount at authorized dealers. Never. If they discount they will be abolished as authorized dealers.

Is Rolex better than Tag Heuer?

On the other hand, Rolex has mechanical diving watches such as the Submariner that offer much higher accuracy than a TAG Heuer. In fact, every Rolex diver’s watch is a mechanical watch and with regards to accuracy can outperform any mechanical TAG Aquaracer such as the TAG Heuer Aquaracer Automatic.

Is Jomashop an authorized dealer?

Jomashop is not a direct authorized dealer and in most instances cannot extend original manufacturer warranties, so they offer a replacement. None of the products are refurbished, factory seconds, or replica products, as stated by Jomashop’s authenticity guarantee.

What’s the markup on a Rolex?

40%The Rolex markup differs depending on the country According to the New York Times, the margins that most Rolex retailers have when they sell a Rolex watch is 40%. Sometimes, the margin is higher, and sometimes it is lower. Note that this is the retail markup.

When can you afford a Rolex?

“A good time to buy your first Rolex watch is when you have enough discretionary income to where you can afford the model you want. Our average Rolex buyer is 40 to 45 years old but we have recently experienced a 15% increase in younger buyers in their mid to late twenties.

Is a Rolex a good investment?

Rolex is unarguably the world’s most famous luxury watch brand. … But what is particularly interesting is that Rolex watches can actually be investments. In fact, the value of some Rolex watches have significantly increased in value, and if you buy the right Rolex watch, it can prove to be a great investment over time.

How do GREY Market Watch dealers work?

Here’s how it works: A customer goes to one of these gray-market dealers and requests a particular watch. The dealer calls up an authorized dealer and buys the watch, for perhaps a 40% discount. Then the gray-market dealer, in turn, sells it to the customer at 30% off list and pockets the 10% difference.

Why are GREY market watches cheap?

With sales falling at authorized dealers, more unsold timepieces are finding their way from the Swiss-dominated watch industry’s controlled official retail networks to grey market watch dealers, where they are often sold at significant discounts.

Are GREY market watches authentic?

Gray Market watches are authentic products that are sold through an unauthorized source. Watches purchased from a gray market source will not include a factory warranty and resale values will be lower than a watch purchased from an authorized retailer.

Can you buy a Rolex from Rolex?

New Rolex watches are exclusively sold by Official Rolex Retailers, who receive regular deliveries and independently manage the allocation and sales of watches to customers. Official Rolex Retailers can provide information on the availability of Rolex watches.

Where is the cheapest place to buy a Rolex?

Switzerland- The INITIAL cost of a Rolex is SLIGHTLY Cheaper in Switzerland than in Scandinavia. – The VAT refund in Scandinavian countries is BY FAR more generous than that of Switzerland’s, resulting in Scandinavia being “CHEAPER than Switzerland to purchase a NEW Rolex.”

Should I buy a gray market watch?

Nevertheless, you should always do your research before buying any vintage or pre-owned watch. … Manufacturers will likely also know if you’ve purchased your watch at an official retailer or on the gray market. That said, buying a gray market watch shouldn’t prevent you from paying for a manufacturer’s service or repair.

Is Amazon a GREY market?

Amazon isn’t a grey market. Mine came brand new with a US warranty.

Can you negotiate Rolex prices?

Prices on new Rolexes are typically non-negotiable, and if you find what you like among the Rolexes on offer, then it’s a fairly straightforward purchase.