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The chief executive of the one of the world’s largest luxury watch retailers has said that
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The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded models by transaction value, declined nearly 6 percent last year to its lowest since 2021.
The luxury watchmaker has raised prices on select models, including those made from precious metals, by up to 8 percent in response to a 27 percent surge in gold prices in 2024.
The combined value of all 4 million Rolex Submariners ever produced is nearing $50 billion, analysis of the watchmaker’s production data suggests.
Robin Swithinbank is a contributing writer at The Business of Fashion. Swithinbank is a London based journalist, editor, and speaker who specialises in luxury watches.
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