The outbreak of COVID-19 was expected to decrease the luxury watch sales both in the retail and second hand market. But fortunately, the pandemic could not significantly influence the high-end watch market by reducing their sales across the world.
Thanks to the digital marketing and online channels, it boosted online sales dramatically than ever before.
Luxury watches are available in stainless steel, platinum, and gold and also may come with a rugged coating for durability in harsh conditions.
However, they are not immune to the pandemic situation. Eventually, the overall exports of Swiss watches decreased by nearly 81.3% in April.
But the interesting fact is:
The grandeur, value and appeal of these high-end watches continued to prove influential, even during the lockdown time.
All these factors distressed the watch sales this year.
Although consumers were now more vigilant about spending because of COVID-19, Chinese dealers continued to sell watches online to especially local customers in the UK and the US.
However, at a time when Swiss watches’ exports were smashing into a low in April, British luxury watch dealers reported that they experienced a boost in the sales by about 82%.
Nearly 80% of their businesses come from domestic customers rather than passing traders or tourists.
It is further reported that –
Customers during the lockdown began shopping online from 8 a.m. till 10 p.m. And the scenario was the same every day.
Moreover, some watch specialists also stated that the level of conversion is much higher worldwide.
However, besides the watch, the demand for fine jewellery also remained virtually the same. This is mainly because both watches and jewellery typically retain their value well over the years.
Thus, they continue to be a wise investment for consumers who can afford them.
Well, many essential factors like the rarity, value and durability are keeping the sales of luxury watches buoyant even in this atypical year.
Whether it is in the retail or the pre-owned watch market, online platforms significantly boosted the watch sales during the crisis time.
Unlike any other luxury items, the watch industry has hardly suffered from severe damages due to COVID-19. However, the pandemic has significantly influenced the dynamics of the luxury watch businesses.
While the physical stores were closed, many brands like Vacheron Constantin and Panerai went online immediately to keep the sales up, communicate and forge a closer tie with customers.
Moreover, leading watch retailers and also, second hand watch dealers accelerated their digital investment. They made substantial efforts to upgrade their websites to boost online watch sales and reach more customers.
However, are you looking to sell your watch for the best price? Fill up our online form now to get a free valuation.
Rolex has increased its retail prices by an average of 7.4% in 2020. And it is no surprise that this price increase will also raise prices in the pre-owned market.
The price increase is already active from 1st January. This means Rolex watches have now become more expensive worldwide. However, the percentage of the increase may vary according to the country and also, the particular watch model.
The more interesting fact is that the United Kingdom has seen virtually high percentage upsurge like some other places such as Singapore and Hong Kong.
Watch collectors or aficionados who continually monitor the market in all depths are conversant with the fact that:
The price increase happens gradually throughout history. Watch manufacturers slowly raises the retail prices of their luxury watches.
And Rolex is one of the significant examples of this in the current years. The Crowned King of watches has firmly elevated its watch line more upmarket over time.
Rolex increased its prices in the UK in 2016 and 2018, continuing the trend too in 2020.
In the United Kingdom, prices have increased by 7.4% on average. However, the accurate figure will vary between the models.
For example, you can expect a Rolex Daytona in white gold to increase in price by nearly £1,500.
On the other hand, a white gold Rolex Day-Date will go up by over £2,000.
Well, Rolex may not have increased the prices just because of the increasing cost of platinum and gold. What do you think?
It can be a deliberate resolution to re-position some of its watches in the luxury market.
Rolex might be considering 2020 as an excellent time to persevere its exclusive strategy of making a more luxurious image.
However, the interesting fact is:
The crazy bump in Rolex prices in the retail market has eventually created an agitation in the second hand market, especially for models such as the stainless steel Daytona and many other coveted sports watches.
No matter what, the upsurge in Rolex prices has hardly discouraged any watch enthusiasts who have been on a long waiting list for many years.
In fact, the increase in prices has further strengthened the notion that a Rolex watch is a good investment.
Nonetheless, are you wondering how much your Rolex is worth? Then, check out our Rolex buying price guide or fill up our online form for a free competitive quote today.
Cartier has produced many exquisite luxury watches for women over the years, treasured and coveted for their unique design and grandeur.
However, among the many famous Cartier watches for women, the Tank Francaise and the Panthere are two of the most famous models.
It should not come as a surprise as both the watches from Cartier flaunt classic design, clean lines and timeless grace.
Thus, let’s today explore the similarities as well as dissimilarities between the two iconic watches – the Cartier Tank Francaise and the Cartier Panthere.
Introduced in 1917, the Cartier Tank is one of the oldest collections of the brand. The watch was designed taking inspiration from a military tank silhouette.
However, while this rectangular Cartier model was an instant hit, the brand offered several versions of it over the past century.
Some of the iterations are namely the staunch icon Tank Americaine, the Tank Anglaise, and Tank Cintree.
It has been over two decades, but the Tank Francaise is yet a mainstay timepiece for ladies in the brand’s catalogue.
Cartier launched the Panthere watch model in 1983. The watch sported a sleek square case, the signature Cartier dial and a pliant link bracelet.
While it oozed out all splendour that designated the ‘80s, the Cartier Panthere became the most coveted timepiece of the decade.
However, the brand stopped the Panthere watch production in the mid of 2000s. But Cartier revamped the model and unveiled it a few years back for new collectors.
The Cartier Tank Francaise and the Panthere share many similar features. For instance:
However, both models come with two unique styles. While the Tank Francaise is sportier, the Panthere is dressier.
Cartier fitted the Tank Francaise with a sleek three-link configuration. On the contrary, the Panthere watch comes with a more ornate five-link bracelet.
Moreover, the Cartier Panthere features a curved square bezel, exposed screws, curvier lugs and shoulders encircling the winding crown.
But Cartier offered the Tank Francaise with thick borders on the left side of the case. And the right side of the dial bulges out to function as lugs that hold the bracelet in its position.
Moreover, the Cartier Tank Francaise comes with no crown guards.
Cartier offers the Tank Francaise as well as Panthere watch in different metal options – 18ct gold, steel and gold bi-metal and stainless steel.
Interestingly, Cartier offered the new Panthere collection with a few unique style choices like a wide bangle cuff or a double wrap bracelet.
Nonetheless, both the Cartier Tank Francaise and the Panthere watch exude classic aesthetics that make them incredibly appealing and desirable in the market.
The Luxury Hut specialises in buying all kinds of Cartier models for competitive prices.
Sell Cartier watches online or via appointment to us in London or from anywhere in the UK. Regardless, our process is quick, secure and hassle-free.
Simply, fill up our simple online form, providing all details of your watch and get a free competitive quote immediately.
Or call us on 0207 242 5411 to book an appointment at our office in Hatton Garden, London.
At Baselworld 2019, Rolex launched an upgraded GMT-Master II steel watch. The watch features a black-and-blue ceramic bezel that soon earned it the nickname “Batman”.
The iconic Rolex GMT-Master II Batman immediately became one of the most coveted watches in the world.
However, Rolex developed and released the new GMT-Master II 126710BLNR in 2019, replacing its earlier popular sibling reference 116710BLNR.
The new ref 126710BLNR boasts many significant upgrades, making it functionally superior to its predecessor.
So, what has Rolex exactly improved in the new Rolex Batman? What is the difference between the new and old Batman?
Today we have come up with a quick comparison between the new generation Rolex GMT-Master II 1267210BLNR and its popular early discontinued iteration, the reference 116710BLNR.
Have a look!
However, if you are looking to sell a Rolex watch for the best price, get in touch with the trusted watch buyers in London.
Rolex GMT-Master II Reference 116710BLNR
Ever since Rolex introduced the GMT-Master II 116710BLNR in 2013, the watch became highly desirable.
Rolex developed this 904L steel watch as a part of the new generation GMT-Master II watches.
Moreover, the reference 116710BLNR was also the brand’s first steel watch with a bi-colour ceramic bezel.
This appealed to huge collectors across the world at the time, making it historically significant to date.
Although Rolex made some significant upgrades to the reference 126710BLNR, the watch retained some features of its predecessor.
The Rolex GMT-Master II 126710 watch sports the similar 40mm steel case and black-and-blue rotating Cerachrom bezel.
Among the four popular Rolex bracelets, the Jubilee bracelet is considered as a much dressier in design than the sporty Oyster one.
However, Rolex equipped the Jubilee bracelet of the GMT-Master II 126710 with the Easylink extension system and Oysterlock clasp.
How much can I get if I sell my Rolex watch? Call now The Luxury Hut watch buyers on 0207 242 5411 for an instant quote over the phone.
The new Rolex GMT-Master II 126710 watch’s case may appear virtually similar to its earlier iteration.
However, the fact is that Rolex has little bit re-shaped the lugs to offer a more refined look.
Rolex made minimal changes to the case measuring 40mm in diameter. And you could understand the difference only if you compare the ref 126710 with ref 116710 keeping them side by side.
Ideally, the most significant upgrade made to the new Rolex Batman 126710 is the Jubilee bracelet.
The old GMT-Master II reference 116710 flaunted a stainless steel Oyster bracelet.
Although the bracelet on the new Rolex Batman and old Batman is significantly different, the clasps are nearly similar.
Both the bracelets come with the brand’s patented Oysterlock safety clasp and the Easylink extension system.
Both the new Batman 126710 and the previous Batman reference feature almost identical dial aesthetically.
However, Rolex made a slight improvement on the dial of the new Batman version.
Apart from this minor upgrade, both the dials are entirely the same.
The new GMT-Master II Batman and the old Batman feature a “Maxi” dial and a more prominent hour markers.
Rolex equipped the previous GMT-Master II ref 116710 with the proprietary Calibre 3186 movement.
However, the new Batman 126710 is powered by the Calibre 3285.
The Calibre 3285 is the brand’s latest generation of GMT movement, based on the new and refined Chronergy escapement.
However, the brand’s Paraflex shock absorbers also allow the Calibre 3285 to offer a higher resistance to shocks.
The most noticeable differences between the Rolex Batman ref 126710 and ref 116710 lie in their bracelets and movements.
The new GMT-Master II 126710BLNR provide a more power reserve than its predecessor.
However, the unique aesthetics that the Jubilee bracelet offers to the new Batman ideally makes it more coveted among the collectors.
If you own a Rolex Batman 126710BLNR and want to raise instant cash, sell your Rolex watch to any trusted watch buyers.
The Luxury Hut specialises in buying all Rolex watch models for competitive prices. While we continuously keep track of the changing market trends and prices, we can determine an accurate value of any Rolex watch that customers want to sell.
Sell Rolex watches online or via appointment in London or from anywhere in the UK. Nonetheless, the process is quick, secure and hassle-free.
Fill up a simple online form now, providing all information on your watch as much as possible. You will receive a free competitive quote immediately.
Alternatively, you can call on 0207 242 5411 to book an appointment at our office in Hatton Garden, London.
Ever since Buzz Aldrin stepped on the lunar surface fifty years ago wearing his Professional Speedmaster, it has been an icon.
It is the first timepiece to be on the Moon. However, it is not the only reason that makes the Speedmaster a highly coveted watch.
Like the revolutionary Rolex Daytona, the watch combines both a classic and modern design that stood the test of time. It only ages gracefully, acquiring further acclamation as the years go by.
However, the Omega Speedmaster Moonwatch is not only notable as “The First Watch on the Moon”.
But the watch also excelled in terms of design and innovation. The Speedmaster was the first timepiece to sport a tachymeter on the bezel isolated from the dial.
Undoubtedly, the Omega Speedmaster Moonwatch is an ultimate chronograph that is prized by collectors across the world for many reasons.
The watch also retains a high resale value, and this indeed makes it worthy of investment.
If you own an Omega Speedmaster and want to raise instant cash, you can choose to sell your watch to trusted watch buyers in London like at The Luxury Hut.
Regardless, let’s today find out what is so special about Omega Speedmaster Moonwatch.
The Omega Speedmaster Professional Moonwatch has been a significant part of six lunar missions.
The significance lies in the fact that it is the first watch to witness the lunar landing of a man.
The chronograph passed all tests for low and high temperatures, pressure, humidity and also, shock and vibrations. Eventually, it emerged as a favourite watch of NASA.
The Speedmaster Professional Moonwatch attained the great fame and admiration as “The First Watch on the Moon” after its first trip to Moon during the famous Apollo 11 mission.
NASA leaves no stone unturned to test a watch.
And Omega has left all other watchmakers behind in the race of enduring extreme conditions based on the strict NASA tests.
Interestingly, the Speedmaster can combat all extreme temperature conditions between 160-200°F to 0°F.
The grandeur and elegance of the Speedmaster Moonwatch continue to appeal watch enthusiasts to date.
The watches come with engraved case-back, flaunting the space mission’s name for which it is famous.
However, this special acknowledgement makes the Omega Speedmaster worth the money.
However, the Speedmaster Moonwatch is powered by an automatic movement that typically comes with a 5-year warranty.
More significantly, Omega offers the watch with a special box that has a NATO strap. This unique strap is crafted exclusively for astronauts to wear on space missions.
One of the most significant factors that make the Omega Speedmaster Moonwatch so special is –
The watch features a case-back with the engraving “The First Watch Worn on the Moon”.
Trusted watch buyers at The Luxury Hut offer a quick and secure way to sell watches online or via appointment.
We specialise in buying luxury watches from elite brands like Omega and Rolex for competitive prices.
To sell your watch online from anywhere in the UK –
Alternatively, you can call on 0207 242 5411 to book an appointment. Then, visit our office in Hatton Garden, London, with your watch and complete the transaction in-person. We can pay you instantly in cash.
Expert evaluators at The Luxury Hut have the required experience and knowledge to determine an accurate price of any luxury watches.
Thus, whether you sell an Omega watch or sell watches of any other brands, you will obtain the best possible price for it from The Luxury Hut.