Swiss Francs soars!!

[HotCooler]

House expensive.. cant afford so start playing with cars.. then COE soar.. cant afford so start playing with watch.. now also cant afford watch liao.. gonna start playing with spiders..

[problmchylde]

was at a preown watch shop in chinatown today.....noticed that a lot of dressy models,......not much sports model......it seems preown shops are also doing well these few days.....

[Poolknight009]

today lunch time went to AD in Suntec, no customer
only 1 lady customer in AD at Raffles city

I went over to Chuan Watches on Monday and there were a number of viewers looking to grab a piece before prices increase. Heard from one customer that Rolex will increase price this coming Febuary but not sure it's that's reliable.

[lausai88]

today lunch time went to AD in Suntec, no customer
only 1 lady customer in AD at Raffles city

[goodzilla3737]

Hi i am new here. So will watches like Rolex and AP price soar ? was thinking to put my Brand New AP RO for sale. Should i wait ? thanks

[Metroplex]

Then just hope SGD gets stronger to battle the Francs.

[75s]

Singaporeans often knee-jerk in their response when it comes to buying. Look at COE, Housing etc. Eventually rationality will return and everything is still dependent on fundamentals; just like how the Swiss Franc has started coming off

[seiko0233]

Straits Times Article this morning: 'Rolexes snapped up in Singapore before prices climb'

[Destro22BT]

Straits Times Article this morning: 'Rolexes snapped up in Singapore before prices climb'

[charleslin]

How does the exchange rate affects the rest of the markets? Sorry that I'm not into forex so have no idea how the rates compare. So if preowned market reacts to the price hike of new pieces, any anticipated spiral effect for the renowned brands?

Most of the watches are made in Swiss firstly.

So eg a watch shop imports/buy a Rolex Submariner from Rolex in Swiss they have to pay them in Swiss Francs.

Assuming Francs was 1:1 SGD and imagine the price of Sub was 10K Francs, one month ago, that would be 10K SGD. But now with this 20-30% increase in Francs valuation, today if you were to order another Submariner from Rolex, you'll still pay them 10K Francs, but now you'll have to pay 13K SGD instead due to the forex rate.

Effectively, retailers will have to pay 20-30% more for the same stocks, which of course will result in a higher retail price to balance out.

[Fabiannyo]

Very interested to know how this will affect the Rolex sport models..

[ruzzian99]

newbie and new to the forums here, cannot post in the other sections

anyway intend to get my first rolex and very interested in the Milgauss, want to hoot already then this swiss franc thing happened

gonna drop by THG this week to check the price out!

[Jye]

How does the exchange rate affects the rest of the markets? Sorry that I'm not into forex so have no idea how the rates compare. So if preowned market reacts to the price hike of new pieces, any anticipated spiral effect for the renowned brands?

[Destro22BT]

will this also affect "lesser" Swiss brands? e.g. tudor, swatch and so on?

I was told by a good friend managing one of the Rolex ADs that the price increase will affect Tudor/Omega/Tag Heuer etc... even brands like Tissot. His business was so good (Rolex) yesterday that he could only return my call late in the evening, and told me that he's already out of Ceramic Sports Rolexes around 5pm.

The rumor mill has it that price increase across many brands could happen on 1 Feb 2015. And of course, there could be price increases every quarter in 2015. But at this point, it's all speculation and hearsay, and what is evident, happening over the weekend in luxury watch boutiques and ADs, is a knee-jerk effect from the spike in value of the CHF.

Though price increases will eventually hit the lesser brands, the effects may not be felt immediately as compared to the stronger brands like Rolex, as the market may not be ready to absorb such increases, and the lesser brand manufacturers may have to absorb losses for a longer period of time. This said, it will be hardly surprising if we hear of recent lesser brands going belly up going forward.

For high end Pateks, AP and Richard Mille models... perhaps the costlier they get, the greater the demand from the well-heeled buyers *shrugs*. Still, I did see a couple of buyers at the Patek section of Cortina yesterday morning when I passed by.

[dcl84]

will this also affect "lesser" Swiss brands? e.g. tudor, swatch and so on?