Why are Rolex watches so costly?

Why are Rolex watches so costly?

All of the parts are tiny and have a high failure rate during the manufacturing process. All of these movements need to be put together by hand by skilled craftsmen based in Switzerland, and with the labour costs in Switzerland being some of the highest in the world it is no wonder that Rolexes are so expensive.

Is a Rolex really worth the price?

Rolex watches can potentially be a good investment. Most watches are seen as a bad investment as they quickly lose value through years of use. Rolex watches, on the other hand, are known to hold or even increase their value over time.

What is so special about a Rolex watch?

A Rolex watch must work perfectly and maintain its beauty even in the harshest environments. That is why Rolex uses Oystersteel, a steel alloy specific to the brand. Oystersteel belongs to the 904L steel family, which is particularly resistant to corrosion and acquires an exceptional sheen when polished.

Will Rolex prices ever go down?

Prices came down in Q3 2022 compared to the previous quarter The watches that came down the most in price were often also those that appreciated the most in recent years. The Rolex Daytona 116500LN is the example given in the report. At its peak, this reference changed hands for $47,400. In Q3 2022, it was at $32,600.