Why Buy a Rolex? - Blowers Jewellers (2024)

Thinking about buying a Rolex? Then you’re just a few steps away from joining the exclusive international community who are united by this incredible brand.

There are many reasons why a person may choose to enter the elevated world of Rolex ownership. The historic brand is loaded with cultural, symbolic, and financial value. It stands as one of the most-reputable and most-recognised brands in the world. It’s a symbol of status, opulence, and class. And its heritage links the brand with some of the most significant and powerful people of the last century.

Want to learn more? Here are 5 essential reasons to consider.

Why Buy a Rolex? - Blowers Jewellers (1)

Status

A Rolex watch is amongst the most universally recognised status symbols. Depending on your personality, this may be something you love, or something you dislike about it. But before you decide, let’s think a bit more about what we mean by the word ‘status.’

It’s important to realise that for most people, status isn’t simply about flashing the cash. Status is ultimately something that you experience internally, and depending on your personality, you may gain a sense of status simply by owning a Rolex – regardless of whether anyone else notices. And the fact is that depending on the circles you move in, some people will not even notice the watch beneath your shirt cuff. This is all the better for those people who aren’t fussed about their watch being noticed.

On the other hand, many of us are more than happy for someone to admire our watch – especially if it’s one we’ve carefully chosen to match our appearance or personality, or to reflect our achievements. Watches such as the Rolex Day-Date, aka the ‘President’ watch, provide the clearest example. Especially when worn in 24ct yellow gold, the Day-Date is an unmistakable symbol of wealth and power, and is likely to turn heads.

Whether you want people to register your watch as a status symbol or not, one thing is certain. For almost all Rolex owners, just having the watch on your wrist will provide you with a certain satisfaction that no one else can see. It’s a reminder to yourself, more than anything, about whatever your Rolex represents to you.

Personality

An important factor for many people who are considering buying a Rolex (or any other luxury watch, for that matter) is that it should represent some aspect of your personality. And with 15 distinctive collections to choose from, you’re quite likely to find a watch from Rolex’s portfolio to suit you.

Do you get your thrills in the sky? Then consider a Rolex Air-King or Rolex Sky-Dweller. Or maybe you’re more at home in the water? Then consider the Rolex Sea-Dweller. More of a fan of the open road? Then the Rolex Daytona, the ultimate racing drivers watch, could be the one for you.

If you’re not so interested in sports watches or bold, showy watches, a more classic styling like the Rolex Cellini with a leather bracelet could work for you. Watches like the Rolex Milgauss – designed for scientists and engineers who require a watch that’s resistance to magnetic fields – also offer a subtler alternative.

Every Rolex tells a story. Whether your passion is for business, politics, or sport, different collections suit different personalities and different needs. This is undoubtedly part of the strength of Rolex as a brand. The clear and distinctive character of each one of their watches means that whatever your taste, almost everyone can find a Rolex that feels right, and which feels like an expression of their personality. Wherever you get your sense of identity, there’s almost definitely a Rolex that’ll chime with you.

Quality

Make no mistake – Rolex watches are fundamentally amongst the highest quality watches in the world. From their earliest days, Rolex has always been committed to excellence. In 1914, Hans Wilsdorf, the founder of Rolex said: ‘We want to be the first in the field and Rolex should be seen as the one and only – the best.’ It was a huge ambition but by most measures, many would agree that this is what Rolex has achieved.

Rolex has consistently been recognised for technological advancements that have been revered throughout the luxury watch community. Since its creation in 1931, Rolex’s famous Oyster Perpetual movement has been recognised as one of the finest automatic winding mechanisms. Rolex has consistently pushed the boundaries of magnetic resistance with the Milgauss collection. And Rolex has created a phenomenally tough diving watch in the Sea-Dweller, which was developed with the US Navy. In short, no one would disagree that Rolex stands up to the hype when it comes to technical performance.

Recent years have seen continued, incremental improvements on Rolex’s technology and materials. Lately, this has included the development of the patented ceramic ‘Cerachrom’ material used on their bezels, which provides an incredible appearance, offering superior UV resistance and an almost completely scratch-proof surface. Rolex’s patented 904L steel alloy which is used on all steel models offers a stunning finish on all their steel sports watches.

With watches that are designed to meet the demands of professionals working in some of the most extreme conditions on earth, the Rolex name guarantees a standard of design and functionality that will amply meet your needs.

Symbolism

A brand with as much heritage as Rolex carries a huge amount of cultural symbolism. Over its history, Rolex watches have been present at countless major world events, worn by many of the last century’s biggest movers and shakers. By wearing a Rolex, there is a naturally a sense in which you become a part of this extraordinary story. For many people, this is clearly part of the appeal.

Rolex watches have been worn by a number of the most influential people in the world. The prestigious ranks of Rolex Datejust owners include the likes of Winston Churchill – who was personally gifted his watch by Hans Wilsdorf – and civil rights campaigner Dr Martin Luther King. Besides the Datejust’s traditional association with prestige and power, it’s hard to imagine a watch more loaded with the symbolism of change, hope, and victory.

On the other hand, popular Rolex sports watches like the Rolex Submariner and the Cosmograph Daytona have become traditional symbols of success, security, and masculinity. Famously associated with cultural icons like Paul Newman and Steve McQueen, these widely recognised and unceasingly desirable watches have become elevated symbols of ambition for the Everyman across the globe.

Through their ambassadors today, Rolex highlight their connection with sports, arts and culture, and exploration. In their world of sport, Rolex’s ambassadors include the likes of motorsports legend Sir Jackie Stewart to tennis champion Annika Sörenstam. From the world of arts and culture, Rolex wearers include the likes of filmmaker James Cameron and classical musicians Yuja Wang and Sonya Yoncheva. Amongst their explorers are oceanographer Sylvia Earle and polar explorer Alain Hubert. With such a broad and inspirational cast of ambassadors, Rolex continues to enrich the symbolism of its brand today, ensuring that its cultural value continues to grow.

Value

A final reason to buy a Rolex is that while bearing the aforementioned qualities, Rolex watches offer excellent value. Many Rolex watches offer value both in terms of their reliability as a product, and their resell or investment value. Which makes sense, because as the product is so good, there’s simply no reason why its value would decrease. Unlike so many throwaway products that are cheaply churned out today, these watches are built to last. So provided you keep a Rolex is good nick, it will retain its value remarkably well.

This is one of the many reasons why the pre-owned market for Rolex watches is so strong. Rolex watches are consistently in demand, with supply lagging behind. The waiting list to buy new can be months long, making it impossible to simply turn up to a shop and walk away with a new Rolex on your wrist.

The fact is, however, that real Rolex collectors enjoy the subtle changes that occur in design over time. Moreover, thanks to the fact that Rolex’s designs stay so consistent over the years, only a true aficionado will spot the difference between a 20-year-old Submariner and a brand new one. This means that there are many opportunities to buy, sell, and ultimately find the perfect watch for you.

While most Rolexes retain their value quite well, Rolex’s steel sports watches are especially good at it. With many products, and indeed many watches, the value will half as soon as it leaves the store. Many old Submariners, however, have increased in value. It’s also possible – although impossible to predict – that your particular Rolex will prove rare in the future, potentially driving a massive increase in its value. But be warned, this happens in rare cases only, and is by no means something you can depend on.

There are many good reasons to buy a Rolex. Whether it’s for status, expressing your personality, the desire for quality, appreciation of the symbolism, or even investment purposes, there’s no right or wrong answer for entering the world of Rolex ownership.

While it would be fair to say that the decision to buy any luxury product is generally based on emotion, this isn’t necessarily a problem. Buying a Rolex can be seen as a bit of an indulgence, but if you’ve considered the above reasons, and you know why you want it, then why not start browsing today?

At Blowers Jewellers we offer 0% finance on all our watches, and all watches on our website are physically in stock. This makes it easier than ever to find the watch you’re looking for, and take it home as soon as you’re ready.

Take a look at our current stock of Rolex watches now, and get one step closer to making the dream a reality.

Why Buy a Rolex? - Blowers Jewellers (2024)

FAQs

Why do I want to buy a Rolex? ›

This strong reputation and prestige naturally make Rolex a go-to brand when people are looking to buy their first luxury watch. But Rolex's strong reputation does not only have to do with clever and effective marketing. Its brand is backed by some of the best and highest-quality watches in the world.

What are customers really buying Rolex? ›

Aficionados buy Rolex for its extremely high quality. They may be less interested in extremely fine, complicated craftsmanship in favor of having the best all-around watch for daily wear. Other Rolex customers don't know much about watches, only that Rolex is the best.

Which Rolex appreciates the most? ›

Sports watches have the best value increase

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.

Does Rolex Sea Dweller hold value? ›

This historic diving watch is considered a design classic. Submariners will appreciate thanks to their high-performance water-resistant features, and all the more so if you have one in yellow or white gold. The other watch in this line, the Sea Dweller, is also a very valuable Rolex watch model.

What makes a Rolex so special? ›

Its superlative quality. Its rarity. Its unwavering reliability, in any circ*mstance. For each Rolex watch is the quintessential expression of what we strive to achieve, perpetually: watchmaking excellence at the service of human accomplishments.

Why do people pay so much for Rolex? ›

The reason why Rolex watches are expensive is because of the quality and value of their product. Both Rolex quality and value has created an environment where demand far exceeds supply and their watches are now considered investments, often selling for 2 to 3 times used than new at MSRP.

What is the average age of a Rolex owner? ›

Moreover, the study found that male Rolex owners outnumbered women by almost two to one. In their survey, 66% were over the are 65 and only 1.5% were under the age of 35.

Who is the target customer of Rolex? ›

The target of Rolex is both men and women. Rolex makes watches to suit the taste of both men and women and are preferred by both the sexes. The market segment that the company has placed its product in is the luxury market, and the prices are high as they are placed in the luxury market.

Why is the demand for Rolex so high? ›

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.

Is there a better brand than Rolex? ›

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.

What is the waitlist for Rolex 2023? ›

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. It rests within good reason.

Who is the closest competitor to Rolex? ›

Top 10 Rolex competitors
  • Breitling.
  • Jaeger-LeCoultre.
  • Chopard.
  • Citizen Watch.
  • House of Horology.
  • Hublot.
  • Audemars Piguet.
  • TAG Heuer.

Is a Submariner or Sea-Dweller better? ›

The Rolex Submariner is designed primarily for recreational divers. It has a depth rating of 1,000 feet, which is well deeper than most amateur divers will ever dive. The Rolex Sea Dweller is a professional diving watch with a far higher depth rating. Early versions had depth ratings of four times the Submariner.

Does Cartier hold more value than Rolex? ›

Cartier watches do not hold their value as well as Rolex does, however their resale value is still competitive vs other high-end watch brands. While Cartier produces their models in various metals, and uses embellishments like diamonds and types of gold, they don't have nearly as many models available as Rolex.

Which Rolex does not lose value? ›

In the vintage Rolex market, a well kept and rare Submariner or GMT reference is worth a tremendous amount compared to how much it was sold for at retail price. A worn in unserviced Datejust might not be as desired as a pristine vintage model from the same year in great condition.

Should I wear my Rolex everyday? ›

One of the best things about owning a Rolex watch is wearing it and enjoying it every day. This daily, constant wear is one of the best ways you can care for your watch. While Rolex watches are famous for their durability and robustness, your Rolex will inevitably gain scratches and dings while you wear them.

Why is Omega better than Rolex? ›

In terms of overall accuracy, Omega wins, since they not only make mechanical watches but also quite a few quartz watches. Quartz watches, as we all know, are more accurate than their mechanical counterparts. Rolex, on the other hand, doesn't manufacture quartz watches anymore.

How long does Rolex watch last? ›

In the majority of cases, a Rolex timepiece can last a lifetime, especially if it's serviced regularly. While Rolex recommends service every ten years, it's a good idea to have your watch looked at every 5 to 7 years to ensure optimal performance.

How much is the cheapest Rolex? ›

What is the cheapest Rolex? 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.

How do I know Rolex is real? ›

A real Rolex watch must have a verifiable model number. The model number is seen on the 12 o'clock side of the watch where the band and the lug meet. There should also be an engraving of “Original Rolex Design” on top of the model number.

How much did a Rolex cost in 1950? ›

Rolex Submariner 16610 Stainless Steel w/ Date
YearPricePrice w/ Inflation
Early 1950s$180$1,778
Early 1970s$230$2,111
1983$1,325$3,048
1996$3,350$5,086
1 more row

What is considered a poor man's Rolex? ›

Back in the days, Tudor solely used off-the-shelf movements with Rolex parts. This gave the Tudor watches the label “poor man's Rolex”.

Is it OK to buy a 20 year old Rolex? ›

A watch is deemed vintage in the watch world if it is 25 years old or older. There's nothing wrong with purchasing a pre-owned or vintage Rolex watch, as these timepieces will survive for decades.

What is the average income of a Rolex? ›

Rolex Sales Salary
Annual SalaryMonthly Pay
Top Earners$100,000$8,333
75th Percentile$93,500$7,791
Average$78,668$6,555
25th Percentile$58,000$4,833

Who is the largest Rolex retailer in the world? ›

The world's largest Rolex Boutique has been launched in Dubai by Rolex and Ahmed Seddiqi & Sons. Located in the Fashion Avenue at The Dubai Mall, the new Rolex Boutique is spread across 850 sq.

What percentage do Rolex dealers make? ›

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.

Does Rolex give watches to employees? ›

Today Online reported that 330 employees were granted various gifts, such as gold bars and Rolex watches, during the company's annual dinner and dance on Monday (March 6). As per the report, 98 employees who served the company for more than a decade received Rolex watches that were procured from authorised dealers.

Why won t Rolex sell me a watch? ›

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.

Why are used Rolexes more than new? ›

Availability. One of the biggest factors responsible for used Rolex watches costing more than their brand-new counterparts is the simple fact that most of Rolex's top models are entirely sold out at retailers. It might sound crazy, but you can't simply walk into a Rolex store and buy the watch you want.

Is Rolex bubble bursting? ›

Yes, But Not For All. And With Luck, You Might Be Able To Buy A Rolex Again. As with real estate and many other market sectors, the mechanical watch industry has a long history of being cyclical.

Which is the No 1 watch brand 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.

What is Rolex sister company? ›

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.

Which Rolex will be discontinued 2023? ›

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 ...

Is Rolex entry level? ›

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.

Is Rolex more prestigious than Omega? ›

It's one area where Rolex has an edge over Omega, and that counts for a lot. Despite Omega's illustrious history, when it comes to the strength of the brand, no luxury watchmaker comes close to Rolex. Rolex is not only the most well-known luxury watch brand, but one of the most reputable brands in any category.

Why Seamaster is better than Submariner? ›

Seamasters are also more antimagnetic than Submariners and have a helium escape valve, a true-blue dive quality that allows you to manually discharge helium build-up during resurfacing. Meanwhile, the Planet Ocean boasts 600 meters of water resistance.

Which is better GMT or Submariner? ›

When it comes to functionality, the Submariner is designed for diving and the GMT-Master is designed for travel. The Submariner's unidirectional bezel is perfect for tracking dive time, while the GMT-Master's bi-directional bezel and 24-hour hand make it easy to read two different time zones at once.

What is the nickname for a Rolex Sea Dweller? ›

Decoding Rolex Watch Nicknames: From Paul Newman to Starbucks
NicknameSeriesReference No.
Great WhiteRolex Sea-Dweller1665
DRSD (Double Red Sea Dweller)Rolex Submariner1665
co*keRolex GMT-Master II16710
PepsiRolex GMT-Master II126710BLRO
23 more rows
Apr 18, 2023

Which is more expensive Patek or Rolex? ›

Rolex is more affordable than Patek Philippe, but both are creators with distinct identities, rich histories, and iconic catalogs to choose from.

Which Rolex holds more value? ›

Which Rolex Holds Their Value Best? The Submariner, first introduced in 1953, is best known for holding value or even increasing in value over time.

Is Omega a luxury watch? ›

Omega isn't the oldest Luxury watch brand that survives today, but with the first Omega watches appearing in 1894, from a workshop that had been making watches since 1948, Omega's history has a lead on Rolex of at least 50 years — and a storied history it is!

What is the best Rolex to buy for investment? ›

Rolex GMT Master and Rolex GMT Master II are the best Rolex watches for investment. They are practical and hardwearing watches with the prestigious Rolex branding. You can get a GMT Master at a few thousand pounds, but rarer models can go for tens or hundreds of thousands.

Does a Rolex lose value without papers? ›

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.

Does wearing a Rolex devalue it? ›

If you buy a Rolex watch as an investment you have to consider if you want to wear it. Obviously, any wear and tear diminishes the value. The box and papers of the watch, should be also kept in good condition. Another consideration is how and where to sell your investment Rolex.

Is it smart to invest in a Rolex? ›

As with any luxury watch brand, some Rolexes hold their value better than others. Some of the best models to invest in include Daytona, Day-Date with the President bracelet, Milgauss and Submariner. These are some of the most popular watches in the world and they tend to hold and increase in value incredibly well.

What justifies the price of a Rolex? ›

Buying a Rolex means investing in a watch that will last for years. Ultimately, it's the craftsmanship and quality that allow Rolex to price its pieces higher than other watch brands. Of course, it's important to vet your dealer before handing over such a significant amount of money.

Is it OK to buy a Rolex without papers? ›

It's unadvisable to buy a pre-owned Rolex without the papers. A certain number of watches are sold without papers and you will pay less for them because of that. And it's good to note that watch enthusiasts who like to own and wear watches can place less value in whether or not the watch come with the original papers.

Can you walk in and buy a Rolex? ›

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.

Is it really that hard to buy a Rolex? ›

Rolex is popular across the globe, and Rolex buyers live in all the major countries, meaning demand is not specific to a certain geographical area or culture. Even so, Rolexes are pretty expensive, making them unaffordable for most people.

Will Rolex increase prices in 2023? ›

On average between all the collections, Rolex raised their prices in 2023 by 3.45% or $733 per reference. Two tone and sold gold references experienced the largest price increases while stainless steel references saw a slight increase.

Will a Rolex always increase in value? ›

Rolex watches tend to hold their value well. In particular, their stainless-steel sports models are well known for not only holding their value well but also increasing in value exponentially.

How much is the entry level Rolex? ›

So, what is the best entry-level Rolex watch and how much should you expect to pay for it? There are several basic Rolex watches you can consider, including Oyster Perpetual, Datejust, Explorer, Air-King, and more — all priced within the $3,500 to $8,500 range.

Can I sell a Rolex that I found? ›

After checking if it's original, running the serial number is important, for checking whether the Rolex wasn't reported missing. In that case, you wouldn't be able to cash it. On the other way, it can be really valuable for you. The serial number is a critical part of authenticating your watch.

How many years does a Rolex last? ›

It is recommended to service your Rolex approximately every 10 years depending on the model and real-life usage.

Can I take a Rolex to a pawn shop? ›

In addition to buying luxury watches from customers, many pawn shops also provide loans to their customers and they will accept a Rolex, or high-value luxury watch as the collateral for it.

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