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The Famous Rolex Submariner Price Increase History

January 16th, 2020
the famous rolex submariner price increase

Ever since Rolex introduced the first Submariner in 1954, the watch achieved a dramatic increase in popularity.

While Rolex built the watch exclusively for divers, the Submariner features many novel functions.

The watch is admired for its classic dial, colourful bezels, and metal combinations.

However, the modern Rolex Submariner watches are water-resistant up to 1,000ft.

Indeed, this iconic diver watch has experienced one of the most successful and long-running histories in the brand’s catalogue. Now:

While the popularity of the Rolex Submariner continues to grow, the watch has seen significant changes in its price over the years.

Rolex Submariner Price History

 

Rolex has made several upgrades and refinements to the Submariner over the years. The price of the Submariner is one of the most surprising changes.

However, there is also a lot of history behind such an increase in this iconic watch’s price.

In the 1950s

When Rolex released the Submariner in the 1950s, one could purchase it for about £115.

  • After inflation, the price increased to nearly £1,102.
  • Nonetheless, it is yet pretty cheap for such a luxury watch in the current market.

Between the 1950s and 1970s

The Rolex Submariner earned serious popularity between the 1950s and 1970s.

  • The watch was celebrated already for its water-resistance ability. But:
  • Its classic aesthetics, and more significantly, its appearance in James Bond films made the Submariner more than a diver’s tool.
  • Eventually, the Submariner became a recognised status symbol.

Rolex introduced an 18ct Rolex Submariner in the early 1970s, retailing for about £177. However, when considering inflation, the price increased to nearly £1,094.

In the 1980s

For the first time in the 1980s, mechanical timepieces were perceived as a luxury item rather than outdated technology.

People always considered a Rolex watch as a high-end asset. However, Rolex watches embraced their luxury status during this decade. And, the newly inflated prices manifested it.

  • The cost of 18ct Submariner Gold increased to nearly £8,351 or about £20,673 today (inflation).
  • The bi-tone stainless steel and yellow gold Submariner was priced at £2,290, and today it costs approximately £5,668.
  • Moreover, the price of the standard Submariner in stainless steel dramatically increased to roughly £1,020.

In the 1990s

The Rolex Submariner prices continued to rise during the 1990s.

  • The price of the stainless steel Submariner Date jumped to nearly £2,577.
  • Moreover, between 1992 and 1996, the Submariner with no-date experienced a significant price increase – from £1,539 to £2,155.

In 2008

The Rolex Submariner Date Reference 16610 was priced £4,618 in 2008.

  • However, the Submariner no date reference 14060M was worth about £4,194.
  • Rolex also introduced the Submariner 116610N and 116610V for £5,579 and £5,944 respectively.

To Conclude…

By 2012, the Submariner ref 116610V was priced at £6,966 roughly.

While the Submariner 116619 had a price of nearly £28,359, the Submariner 116618 was £26,362.

Moreover, Rolex prices increased by nearly 7.4% in 2020. After the recent price increase, the modern Submariner Reference 116610 may cost you about £6,887.

Indeed, this is a significant jump in one decade. The standard Rolex Submariner No-Date even today ideally costs nearly £6,074.

Despite a considerable increase in price, the Rolex Submariner watches remain underrated. However, while the Submariner is the most famed and adorned diver watch, we can expect its prices to increase more over the years.

Sell your Rolex for the Best Price

If you own a Rolex watch and want to raise instant cash, you can decide to sell your Rolex today. You are likely to receive a highly competitive price when selling your luxury watch to any potential Rolex watch buyers in London.

You can check our Rolex buying price guide. Or call us on 0207 242 5411 to get an immediate appraisal over the phone.

How to Verify the Authenticity of a Rolex watch?

October 24th, 2018
rolex watches

Rolex is a universally recognised brand committed to producing watches that represent the ultimate luxury, excellence and elegance. While the Swiss manufacturer is known to produce more than 2,000 watches each day, there is also a market that produces counterfeit Rolex watches varying dramatically in quality. In short-term financial emergencies, you may decide to sell your Rolex watch to raise some fast cash right away. Whether it was gifted or bought from the second hand market, you may find it difficult to establish the authenticity of your Rolex watch before selling it in London or anywhere in the UK.

Although the counterfeit Rolex watches are becoming increasingly advanced in recent years, some key things can help you to determine whether your Rolex timepiece is fake or real. Take a look!

  • Serial Numbers

The serial number of a genuine Rolex watch is engraved deeply into its metal. This number is situated behind where the band joins the watch’s body on the 6 o’clock side. On the contrary, a fake Rolex timepiece usually has the serial number carved with acid.

While a genuine Rolex watch will have its model number on the 12 o’clock side, counterfeiters do not often bother to change these numbers, and instead, they print the same digits on every replica. You can just remove the band of your watch by using a small paper clip or pushpin to see the model number.

However, the brand is reportedly known to have refined their methodology in this respect by muddling the serial numbers in the new Rolex productions. And, only a professional Rolex dealer can help you to date them.

sell a rolex

  • Quality and weight

While Rolex produces watches of utmost quality and accuracy, counterfeit watch makers have become increasingly proficient at designing high-quality fake timepieces. A genuine Rolex comes with a precise engraving, solid bracelet links and will also, feel heavy. The coronet marking at the 6 o’clock position is visible only by using a magnifying glass, whereas, in counterfeits, it can be seen clearly with the naked eye.

Moreover, a real Rolex timepiece will be typically heavier than its counterfeits because it is made up of real metal and crystal. Your Rolex watch should feel substantial and solid on your wrist and hand.

The watch case also plays an essential role in determining whether your Rolex is fake or real. While the case back of your asset must be plain with no logo or engravings, new Rolexes come with a hologram on their case, making it a feasible way to help in verifying the authenticity.

  • Cyclops

Many Rolex watches feature a small window that shows the date and a small magnification lens or ‘Cyclops’ to make it effortless to read. Being a convex lens, you will feel a bump running your finger over it and is situated right over the date.

If the Cyclops over the date dial does not magnify the date, your Rolex is probably a fake one. A real Rolex magnification lens is apparently known to amplify the date up to 2.5x, taking up virtually the entire date window.

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  • The Tick

As with any Rolex, the second hand in your watch will move so smoothly that it will not make any ‘ticking’ noise. Generally, the second hand motion in many watches may be jerky because they have quartz movements not automatic. Thus, when the second hand shifts precipitously, it produces the ‘tick, tick’ sound.

Reversely, Rolex movements are mechanical and self-winding. Indeed, a Rolex movement is broken down into eight micro ticks per second, making it look like a ceaseless motion. If you hear a slow ‘tick’ sound coming from your timepiece or see that the second hand jerking with every tick, you are not possibly wearing an authenticated one. However, every Rolex model features a particular style of hands. Like for example, the Yacht-Master comes with a thicker minute hand, whereas the hands of Rolex Daytona stretch a little bit longer, extending all the way to the hash marks.

While today’s Counterfeiters may be proficient enough to replicate the advanced movements of luxury watches like Rolex, they often use whatever components are available for saving money and hope that buyers may overlook such detail.

Choose a professional Buyer to verify your Rolex’s Authenticity

Although some fake Rolexes can be spotted easily by comparing it with another same watch, others may require trained eyes for checking their authenticity. Thus, it may be a good idea to take your luxury timepiece to a potential Rolex watch buyer in London or any other big city to assess its authenticity.  A professional watch dealer will not only determine your watch’s authenticity but also, can carry out an accurate valuation and ultimately, provide you with the most competitive price in the market if your Rolex is genuine.

Is My Rolex Watch Genuine?

May 25th, 2018
Sell My Rolex Watch

If you want to know if you have a genuine Rolex watch, it is necessary to know how to find the two identification numbers used in any Rolex watch. One indicates the date when the watch was manufactured and the other indicates the watch’s model. Model numbers are also called reference or case numbers.

A genuine Rolex will have a unique serial number engraved on the watch. Using the watch paperwork and the serial number, you can tell the approximate date when your watch was manufactured. This article will help you know how you can find the serial number of your watch without a lot of hassle.

Rolex Serial Number: The Special Identifier

Every watch that Rolex makes has a unique way of identifying it: the model and serial number. You can find the Rolex model number on the paperwork, recorded as a style or model number. If you do not have the paperwork, use this guide to find it.

Get a push pin. In order to view the model number, hold the Rolex band at number 12. You will find a small pin on the lug. Press your pushpin onto the band pin as you steadily hold the band. Repeat the process on the opposite side of the lug. Uncover the band to reveal the model number, and remember to jot it down, then return the band to its place. As the pin sticks out, line up your end of the band using the lug. Push the Rolex pin in using the dull side of the push pin until a pop sound is heard. Do the same on the other side. In order to reveal the serial number, repeat the same process, this time using the 6 o’clock end of your watch’s lug. The model number of your Rolex watch is a 4-6 digit number that you can locate on the paperwork that came with the watch.

Since the market has numerous counterfeit watches, it is necessary to authenticate yours by checking the serial number. Also, find a trustworthy dealer if you need to buy or sell a Rolex watch. The Luxury Hut is an experienced company that you can rely on when it comes to Rolex watches.

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