Homepage
PR Newswire
Patek Philippe may raise prices of its timepieces by 4 percent to 5 percent at the start of next month...
Rolex will increase the price of its steel Submariner Date with a black bezel by 8% to ¥810,000 ($6,800) from Feb. 1...
http://www.bloomberg.com/news/2015-01-20...soars.html
honestly I think the overall impact on HG will be low because their watches are catered to the very high end users... for this ultra HNWI, 4-5% may not sound a lot and they may see this as a long term investment ("You never actually own a Patek Philippe. You merely look after it for the next generation" kind of thing)....
but for HK retailers like Hengdeli, Emperor, and Oriental Watch this will be a big hit as they also carry some mid range watches...
since SNB decision share price of those HK retailers have gone down while the opposite is true for HG...
Rolex will increase the price of its steel Submariner Date with a black bezel by 8% to ¥810,000 ($6,800) from Feb. 1...
http://www.bloomberg.com/news/2015-01-20...soars.html
honestly I think the overall impact on HG will be low because their watches are catered to the very high end users... for this ultra HNWI, 4-5% may not sound a lot and they may see this as a long term investment ("You never actually own a Patek Philippe. You merely look after it for the next generation" kind of thing)....
but for HK retailers like Hengdeli, Emperor, and Oriental Watch this will be a big hit as they also carry some mid range watches...
since SNB decision share price of those HK retailers have gone down while the opposite is true for HG...