Does anyone know if it's coming as heard Rolex are going up 10% 'for sure' this year and Cartier HAVE already gone up in UK.

 

I heard 11% for Rolex and that came straight from an AD

 

Omega tend to do a 10% bump in the last couple of months of the year.

 

Yes OB told me they are going up 10% in October.

 

Hi. Sorry if this sounds stupid, but Im totally new in the watch world. But willing to learn. This was new for me. Why will watches go up these 10-11% and is it vintage watches only? Kind regards.

 

Not a stupid question at all. My understanding, please correct me if I'm wrong, is a price "adjustment" is anticipated on new watch prices there due to the recent change in English currency value. As to vintage prices, anyone's guess. Mine is that older models will initially become more broadly desirable due to the increase in new. This, in turn, will lead to prices being driven upwards.

 

Not stupid at all!

This is new watches.

Omega have done it for as long as I can remember... Their retail prices go up once a year, by approximately 10%.

Claims of increased costs etc.

I find it a little hard to believe that the cost of producing/retailing a 1861 Speedmaster has nearly tripled since I got mine in 2001 - but hey, luxury brands, selling luxury products...

 

All that r&d they have to do on the 861 movement plus all the prototyping for next years model with all of the styling changes.

Just kidding its to pay for the box that gets bigger every year!

 

At this rate, in 2031, the box will be the size of a student halls flat, and have bumped the RRP to £35k.

 

I see Swatch Group have just issued a profit warning on low demand in Europe and Hong Kong, profits estimated to be down 50-60% on previous year. Not the best idea to push through a 10% price increase in my opinion

 

For me there are two things. The fall of the pound due to the brexit and the strategy of Omega and Rolex. This titally dumb strategy of opening luxury stores and pay fortunes for marketting that has an impact on prices. Open a store on the Champ Elysée, 5th avenue and so on must not be cheap.

 

If you could live in it that would be quite the bargain!

 

Well I called the boutique I deal with in London and the manager there asked her and surprised she didn't give me the usual 'we dont know' she actually interrupted me and said they had a staff meeting this morning which it was confirmed 'other' brands are going up (wouldnt say who) then said Omega are NOT putting their prices up and waiting to see what happens with the Brexit etc. I believe her personally but it's all speculation.

 

Read recently in FH Magazine (Federation Horlogère) : Several brands are now buying AD stocks back in order to allow place and budget for new collections - increasing prices on new collections would allow to recover a bit the loss from those unsold pieces they buy back

 

So the Batman GMT2 I want will now be over 10 grand.

 

well, sounds like Swatch group has to keep the profit margin up. whether or not to increase price on Omega's is a good decision, only the market will tell.

http://www.bloomberg.com/news/artic...rst-half-profit-slumped-as-much-as-60-percent

"The stock fell as much as 14 percent as the Swiss maker of Omega and Tissot timepieces said earnings slid 50 percent to 60 percent. Analysts expected a 22 percent drop in net income... The company may be losing market share because it’s not helping retailers by buying back unsold inventory or lowering prices."

"Switzerland’s watch exports have dropped for 11 consecutive months. In the five months through May, they declined 9.5 percent"

 

how does going up 10 percent from 6k = 10k