The demand for Rolex watches continues to be strong. With simulus money in the pipeline, this quarter should be great for business. In my 40 years experience I have never seen a market like this. Cartier dealers are reporting excellent sales with many models on back order. Even with the strong market many pre owned watches are…
Rolex introduced a new line of watches on September 1, including 41mm Submariners. Learn more about our watches at our Patchogue, NY storefront. The National Association of Watch and Clock Collectors Florida Chapter had a small show in Lakeland. The Show had a small turnout but this was the first show since the COVID-19 crisis.…
The US dollar continues to be very strong with the economy in good shape. The stock market is trading with record highs. Un-employment is at an all-time low. The fall elections will give us an indication of the future business outlook. One does not know what the tariff impact will be. The IWGJ had a…
Both the IWJG and WWT had shows in November in Miami. The WWT has a small show with about average sales. Many of the dealers had pocket watches and American wrist watches. This is a very tough market but some sales were being made Turnout at the IWJG show was good with a line of…
The increase of the prime interest rate by the Fed has had a chilling effect on the stock market. Let’s hope we have no more this year. This would have a negative effect on buyers. It was also sad to see Sears file for bankruptcy. On a positive side, investors may be willing to take…
Gold is trading over $1,200 and this could mean that it has hit its bottom. The US dollar is somewhat weaker than it was last month. The Federal trade Commission recently ruled that lab-grown diamonds no longer have to be called synthetic. The FTC’s rationale for the ruling is that in 1956 when the legal…
The IWJG June show in Miami had a good turnout for a summer show business was just ok. Two Asian dealers were robbed by armed gunmen, leaving the show. The car was hit in the rear and when they stopped their watches and money were taken at gunpoint. No one was injured. One cannot be…
The end of May thru the first week if June was show time in Las Vegas. Both the Word Wide Traders and the IWJG had very good attendance. The Las Vegas Antique and Jewelry show that followed was busy. Prices on Rolex watches were high with both buyers and sellers reluctant to deal. We could…
The strong dollar has made gray market watches easier to obtain. Gold also has declined $42 from last month. This could be in part because of the Korean detent. Also the strong job picture comes into play. Overall sales of Rolex and Patek men’s watches in the U.S. are good. Summer sales are usually slower…
There was a rumor that Basel Fair was closing after this years show. However they anticipated that there will be a March 2019 show. In the past two years, 850 exhibitors have dropped out of Basel World. Attendee has also dropped; 30% more or less, than the high of 2014. If rolex, Patek Philippe or…
