Rolex, Patek Philippe and Hublot are increasing retail prices.
The increase will be different for each model, from 0.00% to 6%
This is the third Rolex price increase in the last 365 days. The first was at the end of January 2022, the next one last November, and now in January 2023. We attach a table with the dynamics of price growth📉
Patek Philippe recently updated prices in the UK, where price increases can be seen very easily. By the way, they decided not to raise the price of their main hit - the Nautilus 5811 in white gold with a blue dial, keeping it at £56.190
Every year, watch prices go up - it's the accepted norm and part of the economic reality of inflation. Watch price increases are now stronger than ever. In a recent interview with Bloomberg, Hublot's CEO said the brand would be raising prices on all of its watches as suppliers increased prices by 10 to 15 percent.
It's impossible to tell how much more prices might rise, but what we can be sure of is that brands can't cancel wage or material cost increases. These decisions and consequences are reflected in the final price.