How many Rolex Authorized Dealers are There in the World? - Millenary Watches (2024)

FAQs

How many Rolex Authorized Dealers are There in the World? - Millenary Watches? ›

As of 2022, Rolex has a total of 1816 authorized retailers around the world.

The new store won't be the world's largest Rolex boutique, however. That title goes to the Rolex megastore in a Dubai mall that occupies 850 square meters of retail space or almost 10,000 square feet.

New and genuine Rolex watches are exclusively sold by official Rolex Jewelers. They warrant the authenticity of your Rolex and ensure that it enjoys a five-year international guarantee.

Rolex Store - Bucherer Zurich

Carl-Friedrich Bucherer opened his first watch store in 1888 in Lucerne and laid the foundation for a successful family business which has extended to a 3rd generation. Today, Bucherer is one of the leading watch and jewellery retailers in Switzerland with over 1100 employees.

Long's in Boston currently believes its 4,600 square foot Rolex store on Newbury Street in Boston is the largest standalone boutique in the United States.

The most commonly sought-after Rolex watches include Rolex Daytona, GMT-Master(II), Submariner, and Sea-Dweller. The Yacht-Master is also a very popular sports watch, but not like the Submariner.

Patek Philippe arguably owns the top-tier of high-horology. Once, the most expensive watch ever sold was a Patek Philippe with many complications and sold for over 11 million dollars, second only to a Rolex that was worn by Paul Newman.

So, the Rolex Daytona waitlist 2023 is likely to be at least 5 years if you're able to buy a Rolex Daytona. We've seen Covid pass through, World Cups end and start, markets rise and fall almost simultaneously and all within the time it takes to get your hands on a Rolex Daytona.

Availability. Walk into any authorized Rolex dealer, and you're going to see a lot of Datejusts, Day-Dates, Oyster Perpetuals, perhaps a Milgaus, maybe an Air-King, and usually a fresh batch of Cellini dress watches in a wide range of sizes and colors.

Which country best to get a Rolex? ›

Switzerland: As the home of Rolex, Switzerland has traditionally been a great place to buy Rolex watches.

How many Rolex authorized retailers are there in the world? As of 2022, Rolex has a total of 1816 authorized retailers around the world.

According to the New York Times, the margin 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. This means that official Rolex retailers buy Rolex watches 40% cheaper than the recommended retail price.

Clearly, divergent supply and demand is what's driving the scarcity of Rolexes available for purchase. Demand is astronomically high, and even a supply of one million new watches per year can't meet it. It comes down to a numbers game, and there's no sign that this will be changing any time soon.

Rolex GMT Master II Ice: $485,350 (2021)

It is the most expensive new Rolex you can buy. It retails for $485,350, but its price might vary depending on the market price for diamonds at the time of your purchase. The Rolex GMT Master II Ice is entirely covered in precious stones and made from white gold.

Rolex reigns supreme.

Rolex once again claimed the top spot on Chrono24's list of the five best-selling brands.

Discontinued Rolex Models in 2023 - Rolex Datejust 41 with a Meteorite Dial. Rolex announced the discontinuation of the Datejust model with a mother-of-pearl dial. Interestingly, ONLY in the 41mm line. This fact has left watch enthusiasts curious about the reasons behind this decision and its implications on the market ...

1. Rolex. If there's one watch brand out there that everybody knows, it's Rolex.

The Most Popular Watches in the World Are the Rolex Submariners. So, the most popular watches in the world based on the search number on Google are the Rolex Submariners. Today, Submariners are so popular that it's not unusual for someone to have to wait months or even years for delivery.

Do you pay to be on Rolex waitlist? ›

The Rolex waiting list may sound difficult, but it's easier than that. It's also as real as all you need to do is spend money.

How often do Ads get Rolex shipments with new watches? In general, Rolex retailers get shipments with Rolex watches from Rolex once a month. This usually happens towards the end of the month.

The Oyster Perpetual is Rolex's official entry-level watch, pairing two of the company's most important design features: a water-resistant “Oyster” case and automatic “Perpetual” movement.

An official Rolex remains an incredible timepiece and will still appeal to buyers without the papers. As such, you can sell a Rolex without the guarantee card. While the absence of a guarantee card will likely reduce the watch's value, the impact might be more negligible than you think.

To guarantee continued accuracy and waterproofness, Rolex recommends that you periodically return your watch to an Official Rolex Retailer or Service Centre for professional servicing. It is recommended to service your Rolex approximately every 10 years depending on the model and real-life usage.

With the serial number, Rolex can identify which AD sold that watch and can in turn contact them, informing them that one of their customers is selling their watch.

You might not get invited directly, but when they recognize the passion you have for watches – you will for sure be invited. In case you do decide to buy a pre-owned Rolex, be sure to check out our blog about how to buy a pre-owned Rolex.

Rolex guarantees the proper functioning of its watches for a period of five years from the date of purchase. The Rolex guarantee excludes normal wear-and-tear (notably the wear-and-tear of non-metal bracelets and straps), loss, theft, or damage due to misuse.

The total production number for 2021 is closer to 1.24m watches.

Are Rolexes cheaper in Dubai than us? ›

Rolex watches are significantly more expensive than other timepieces, and that is all because of their material quality. The retail pricing of a Rolex is more or less the same in Dubai or any other city.

Rolex's competitors and similar companies include Citizen Watch, CROWN & CALIBER, Orient and Festina Group. Rolex is a Swiss watchmaker that together with its subsidiary Montres Tudor design, manufacture, distribute and service wristwatches sold under the Rolex and Tudor brands.

Here are some of the most common reasons why Rolex may refuse to sell you a watch: If the watch is for “display only” If the watch is a popular model that the store wants to keep for “VIP” customers. If they suspect that you will flip/sell the watch.

There aren't enough Rolex watches to go around. Some cynically assume that the brand is artificially restricting supply to supercharge demand, but the watchmaker has always emphatically denied it.

The short answer is yes, a Rolex AD can charge more than the retail price. And as a matter of fact, with the current situation of the Rolex market, there have been plenty of reports that some do.

The cost to produce an average Rolex watch is between $2,500 – $4,000. Factors that include precious metals and complications will add to the costs of making a Rolex but for the most popular stainless steel references, the $2,500 to $4,000 range is accurate for Rolex average costs.

Rolex is actually a non profit charity trust. and donates 90 of his profits every year. why would they do that? well, by donating to charity, Rolex receives major tax benefits.

According to the data, the average price of a used Rolex watch rose from less than US$5,000 in 2011 to more than US$13,000 by the end of last year. Intriguingly, the appreciation of Rolex watches since the beginning of the pandemic in early 2020 is nearly equal to the total price increase over the preceding five years.

What is the best and cheapest Rolex you can get? Any Air-King, Datejust, or Explorer on our list are fantastic choices if you're looking for a cheap Rolex watch. Still, a popular opinion among many Rolex enthusiasts is that the Air-King is the best affordable Rolex.

What's the cheapest Rolex? Prices can vary, but generally speaking the cheapest Rolex watch is the Rolex Oyster Perpetual, which has a starting price of around $5,000 if you're buying new, but can sometimes be found for cheaper if you don't mind buying a used model on the pre-owned market.

How much is the cheapest Rolex ever? ›

As the market currently stands, the cheapest Rolex is the Oyster Perpetual with a starting price of $4,900. Available with a variety of dial colors, the Oyster Perpetual has no additional complications other than being able to tell the time but remains an elegant luxury watch.

The U.S. brand Timex and Swiss watchmakers Rolex were the most valuable luxury watch brands based on their average price premium. The source defined average premium as “a measure of how much more a new, unworn item currently sells for, as compared to its original retail price”.

To this day, Jackie Stewart remains one of the most high profile Rolex brand ambassadors.

Tourneau is currently the largest authorized retailer of timepieces in the United States, with about 8,000 watches and 100 brands. Tourneau also has a trade-in program for upgrading watch styles.

Boston, MA—Long's Jewelers has opened its new Rolex boutique (image), the largest in the United States. At 3,500 square feet over two floors, the new space—nestled between a Chanel and Bvlgari store—tops even the 3,000-square-foot space at the Wynn Las Vegas.

Warren Buffett – Rolex Day Date (US$42,000)

“The Oracle of Omaha” has various models but is usually seen with a classic Rolex Day Date, per Rolex magazine. Known as the “President” watch, the timepiece has been worn by former American leaders from Lyndon B.

Buffett's Rolex of choice is an 18k yellow gold Rolex Day-Date. Known as the 'President' watch, the Day-Date is unmistakable, especially in yellow gold.

A Great Eye for Detail – There is a reason many of the world's most detail-oriented men and women sport Rolex. One has to look no further than the fact that Rolex is officially worn by the likes of Yo-Yo Ma, Placido Domingo, Tiger Woods, US Presidents, and others who have made amazing contributions to the world.

Which is the No 1 watch company in world? ›

1. Rolex. Rolex is a Swiss luxury watch manufacturer based in Geneva, Switzerland. The company is well-known for its high-quality and precision timepieces, and its watches are considered some of the world's finest.

Rolex reigns supreme.

Retailer Watches of Switzerland recently placed Rolex, Patek Philippe, and Audemars Piguet watches in its “super high demand” category. Breitling, which is rumored to have an IPO in the works, beat out other competitive brands for the No.

Montres Tudor SA, or simply Tudor, is a Swiss watchmaker based in Geneva, Switzerland. Registered in 1926 by Hans Wilsdorf, founder of Rolex, the brand remains a sister company to Rolex; both companies are owned by the Hans Wilsdorf Foundation.