Grey market has become a necessary evil for luxury watchmakers

April 12, 2017 by  
Filed under News

ZURICH (Reuters) – A diamond-studded Rolex at 40 percent off the $34,000 retail price or an Omega Speedmaster Moonphase for less than $10,000? While still out of reach for most people, the increasing prevalence of such deals highlights the perplexing predicament in which luxury watchmakers now find themselves.

Source: Reuters Business News

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