![]() If you are buying your first luxury watch, avoid the vintage and the grey market. If it sounds good to you, make sure you always do a lot of research about the dealers before buying one. So now that you know how this segment works. Also, inferior quality parts maybe used to repair the grey market watch in case your watch needs servicing.Jomashop carries pretty much every mainstream watch brand, from Seiko to Rolex. They’re all listed with significantly lower prices than through a dealer. Since there are a lot of unscrupulous folks who pretend to be grey market dealers in order to sell fake watches. You’re likely to find deals on Seiko, Citizen, Hamilton, Omega, Tudor, Breitling, Rolex, Audemars Piguet, Patek Philipe or Richard Mille watches. You can never be sure of the authenticity of the watch.However, one must be cautious when buying watches from the grey market since they do not come with a warranty.You can also purchase a rare watch from the grey market that generally requires some waiting time from the ADs.The grey market dealers also couple the low price with attractive offers to either trade in an old watch or to finance the purchase.(Sometimes for just a fraction of the price listed by the brand) You can purchase an authentic luxury watch at a steep discount.WATCH: Super simple illustration and explanation from Atelier De Griff Hence, the grey market watch business is continuously growing. The grey market dealers then resell these authentic luxury watches at a much-discounted rate.įor customers, buying a luxury watch at a lower price than Manufacturer Suggested Retail Price (MSRP) is obviously more attractive. In a rare scenario, the brands themselves sell obsolete stock to the grey market dealers. And ADs cannot go ahead with accommodating new collections until and unless they get rid of their old stocks.Īn easy solution to this problem is the sale of these old stock watches to the grey market dealers even if it is not profitable to the authorized dealers. Often times, the ADs are not able to sell an entire stock of watches distributed to them. Website of a Luxury Bazaar – grey market watch dealerĬourtesy: How The Grey Watch Market works However, it is important to note that the grey market is not illegal.Īn example of a grey market watch dealer: Roman Sharf Luxury Bazaar with a tagline that speaks for the segment “ At Prices You Have To See To Believe”. The grey market sales are not authorized by the product brand. It happens when an independent dealer gets a watch from an authorized distributor and then sells it from his independent shop. Grey market watches are sold outside the distribution channels that the brands and authorized dealers (ADs) have agreed upon. The grey market, by definition, is a sale of a luxury watch through a seller that hasn’t been approved by the manufacturer. So, what is this grey market? Should you buy watches from grey market dealers? Let’s dive deeper into this market segment to find the answer for you. Are you new to the watch world? You heard the watch people talking about “grey market watches”.
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