Prestige, success & luxury- the brand with the golden crown ‘Rolex’ is worthy of all the fascinating adjectives. From royals to celebrities and elites, everyone flaunts them as it is quickly recognisable as a brand of status & wealth.
Founded in 1905, Rolex has been reigning for over a century. With such enormous popularity, it has to be the topic of discussion. And Rolex, the rightful leading luxury watch brand, has a lot of opinion-givers. But honestly, how many of you know the history or the facts?
Hence, we have rounded up the lesser-known or unknown facts about this iconic watchmaking company that is sure to surprise you. The blog answers all the questions you were so far afraid to ask.
How much is a Rolex watch?
Perhaps, this is the most asked question related to Rolex. Each Rolex is unique, and so is the price of every Rolex model. You must know the factors that affect the pricing of a typical Rolex watch. They are as follows:
- New Movements
- Materials
- The popularity of the Model
- Complication
- Innovation
Where are Rolex watches made?
It seems like a very basic question, but unfortunately, many get tricked. Rolex is a Swiss watch manufacturer, with all the Rolex timepieces built in Switzerland. So, if you ever come across a Rolex made in China, remember that it’s fake.
Moreover, Rolex designs all the essential components to make a prestigious Rolex watch in-house.
What was the first Rolex watch?
Different people will have different answers to this question, but the truth is that the first-ever Rolex was the Oyster Perpetual watch. The first OP looks fairly different from the one available today, Fibut it still has a lot of demand.
Moreover, many might argue that the founder of Rolex, Hans Wilsdorf, had created an 11-ligne Rebberg watch with Aegler pieces before Rolex and believe it to be the first Rolex. But others argue that no document mentions the timepiece like a Rolex.
So, get your facts straight, folk!
What is so special about a Rolex watch?
Rolex, as a watch brand, dominates the world. Even if you aren’t a watch fanatic, you probably must have heard the brand ‘Rolex’. Are they valuable elements, innovative design, technical advancements, or all three?
Unlike other brands, Roles is always up for perfection. Additionally, there are a few factors that make a Rolex so special even after decades; they are as follows:
- Using 904L Steel
- Own Science Lab
- Hand-Assembled
- In-House Gold Foundry
- Innovative Technology
Is it worth buying a Rolex?
The overwhelming count of watch brands to select from can often put you in a dilemma. But if you genuinely want to invest in a watch that you will appreciate, Rolex is a safe bet! If you plan to invest in any of the models today, expect to fetch a higher value when you sell Rolex watches in future.
Also, not to forget the unmatched elegance of the Rolex timepieces. Owning a Rolex is an achievement in itself!
Also Read: ‘How & When’ You Should Service Your Rolex Watch?
Do Rolex watches hold their value?
Firstly, you must know that Rolex's popularity makes it so valuable. Secondly, there’s a strong reason why the value of a particular Rolex model increases, decreases, or remain the same. It is the demand and supply chain.
The catch is Rolex intentionally restricts the manufacturing of some of the models to retain its desirability in the market. As a result, people who wish to purchase are willing to offer almost double the value!
Additionally, Rolex naturally holds the best value among all its competitors, making them an excellent investment option!
Are Rolex watches a good investment?
A question that is creating a lot of buzz in the watch landscape is ‘Are Rolex watches a good investment’? And guess what, it indeed is! Not just good, but in today’s scenario, the best!
As per the latest 2022 reports, Rolex has yielded better returns than stock, gold, or any other asset. In the past couple of years, Rolex’s value has skyrocketed. Thanks to its limited supply (Answered in the last question).
Therefore, if you’re willing to put your savings on an item that will not just retain its value but also appreciate, give Rolex a go!
What is the cheapest Rolex watch?
Honestly, no Rolex comes at a cheaper price tag. However, certain factors can affect the price; they are:
- Material
- Complication
- Size
- Age
- Scarcity
- Condition
But, if you want a specific name, we believe that the Rolex Oyster Perpetual, the oldest Rolex watch, comes at a comparatively lower price.
Which one is the most expensive Rolex watch?
Apart from being valuable and prestigious, Rolex is also one of the most expensive luxury watch brands. A few coveted Rolex models attract exceedingly high prices at auctions.
There’s an in-depth list of the most expensive models, but the single most expensive Rolex timepiece is the Rolex ‘Paul Newman’ Daytona model.
Do Rolex watches last forever?
As a reputed watch brand, Rolex guarantees the proper functioning of all the watches for five years from the date of purchase. The warranty excludes a few points like:
- Cases of loss & theft
- Wear & Tear
- Damage or Defect caused by Misuse
- Substituting or Adding Components with the Non-Original Parts
- Service/ Repair done by a third party
But the good news is that, in the majority of the cases, Rolex timepieces last a lifetime provided you take good care of them.
Tip: For a Rolex to last a lifetime & beyond, service the watch every ten years for optimal performance.
Moreover, if you take good care of your Rolex, expect to fetch a higher price if you decide to sell Rolex watches in the pre-owned market.
SUMMARY
After knowing all these fascinating facts about Rolex, it is not difficult to get more impressed. Rolex has been what it is for a very long time and shall continue to remain so in the years to come. The luxury watch brand is an icon of perfection and precision and continues to evolve unconventionally.
In fact, as per the latest 2022 reports, the demand for Rolex has skyrocketed to an unimaginable extent. So, if you’re lucky enough to own a Rolex already, expect to get a high value if you sell Rolex in the pre-owned market.
Related: Top 10 Facts You Should Know About Rolex
