Two Stolen Watches in Hong Kong

 
Don't buy these pieces of Rolex coz that was stolen watch items last week in Hong Kong 

Paul 

My Vacheron Constantin Collection

 

These are current Vacheron Constantin collection.

 I should have a larger collection on Vacheron Constantin as I like their dress watches.

I had 222 but sold as you may know that was one of my watchgret. Amongst the Overseas I prefer the Generation 1 as that is the original line of Overseas. Left is a 1970 Onyx Watch I bought at Kuen Kee some 8 years ago. The Triple calendar was from a Dealer some 7 years ago. I can say I love them all evenly, no special boas on which is my favourite.

HK Snob

Watch news on Feb 2026

Another two week will be the year of Horse, as all of us are alerted that the new year is full of unexpected incident and full of opportunity for some of us especial for those born in the year if rooster.

1. Patek Philippe Cubitus price drops 18% after 9 months from Apr 2025 to Feb 2026 

Apr 2025 was $212,404, Sep 2025 was $178,723, and now Feb 2026 is $167,500. 

In short this is not like the Nautilus 5712, or 5711 that can be a good steady price. 

When you buy it, consider it as end of the day this is not a Majority-Favorite-Patek-Sport-Watch. 

And if you get it with MSRP at Patek that should be all right.

2. Audemars Piguet new Jumping Hour watch

3. Rumor of Richmont reportedly considering sale of Jaeger-Le-Coutlre

Richemont is one of the world’s largest luxury goods conglomerates, owning brands such as Cartier, Van Cleef & Arpels, IWC Schaffhausen, Piaget, Vacheron Constantin, and Jaeger-LeCoultre, among others.

 Jaeger-LeCoultre (JLC) is a highly respected Swiss watch manufacturer based in Le Sentier, known for its technical innovation, in-house movements, and classic designs. It holds a special place within Richemont’s portfolio as a “manufacture d’excellence.”

 There have been no verified reports from major financial news outlets (e.g., Bloomberg, Reuters, Financial Times) or Richemont itself suggesting a potential sale of Jaeger-LeCoultre. 

Occasionally, rumors surface in niche watch forums or speculative blogs about possible restructuring or divestitures within large luxury groups, but these are often unfounded or misinterpretations of broader corporate strategies. 

Richemont has made moves in recent years to streamline operations and focus on jewelry (especially Cartier and Van Cleef & Arpels), but this has not included plans to sell core watchmaking brands like JLC.

4. Rolex price 

There has been a noticeable softening in both secondary market prices and demand for certain Rolex models over the past six months, but it’s not a dramatic or catastrophic drop. Rather, it reflects a stabilization following a period of intense hype.  If you're considering buying or selling a Rolex, now might be a more favorable time than in recent years due to increased supply and softer prices.

The Land-dweller steel 36mm is selling in the dealer at HK$238,000 still very high price more than 2 times on the MSRP. Is that beautiful, beside the 18 patents, I see not much attraction to me. Well, die hard Rolex Fan should get one.  See Below Remarks for more about the new movement 7135 and the new patents.

5. FP Journe 

FP Journe is still a big hit in the high end watch society. I was told by SVIP of FP Journe that a FP Journe entry level watch Chronometer Blue Ref CB Calibre 1304 waiting list is 8 years, while Elegante is 4 years.  Can you wait?

HK Snob

Remarks

Innovations and Patents

The Land-Dweller represents a major technical leap for Rolex, featuring innovations in its movement, case, and bracelet design, many of which are patented or have patent applications pending.

•       Calibre 7135 Movement: This new high-frequency (5 Hz) automatic movement is the source of many innovations, allowing the watch to measure time to one-tenth of a second.

o      Dynapulse Escapement: A revolutionary, energy-efficient sequential distribution escapement made from silicon, for which seven patent applications were filed. It transmits energy by rolling rather than sliding, reducing consumption.

o      Oscillator: Features a patented high-technology ceramic balance staff and a balance wheel made from an optimized brass alloy, both highly resistant to magnetic fields.

o      Syloxi Hairspring

: An updated version of the patented silicon hairspring, with thicker coils for greater rigidity, enabling the high beat rate.

•       Flat Jubilee Bracelet

: A reinterpretation of the classic Jubilee design, it features an integrated attachment system with ceramic inserts to prevent premature wear, a complex assembly that is the subject of a patent application.

•       Dial and Case: The distinctive honeycomb motif dial and the construction of the hour markers involve innovative manufacturing processes for which patent applications were filed. The watch also has a dedicated Oyster case with a sapphire case back. 

Cartier is mostly choice for Movie star as their favourite dress watch

 

 

Paul Mescal’s Cartier Tortue

Cartier Santos Demoiselle in yellow gold with diamonds, a smaller, more feminine version of the classic Santos.

Walton Goggins’ Cartier Tonneau

Chris Pine’s Cartier Tank Louis Cartier

Dess watch for movie star is mostly Cartier in recent years.

They are usually gold, two hands, simple dial design, a typical minimalist watch

Paul Ip

錶盤上的 "Email" 的意思是...

電子郵件(Email)最早可追溯到1971年，由雷·湯姆林森(Ray Tomlinson)在ARPANET系統上實現了第一個電子郵件系統，90年代至今並逐步發展成為大眾化的通訊工具。 

大家是否有見過腕錶品牌把電子郵件 《EMAIL》擺在錶盤上？ 

我們熟悉的百達翡麗應該是第一個鐘錶品牌，把EMAIL放上腕錶錶盤！  PP也很跟上潮流喔。 非也！ 非也！  湯姆林森的電子郵件是科技而PP的電子郵件是工藝。 

瑞士的官方語言是法語、德語、意大利語、羅曼什語，而瑞士製錶業中使用法語的人最多，因此很多鐘錶術語都是使用法語居多。 

“EMAIL”，在法文是“琺瑯”的意思，但是每次看到這個英文單字都會認為是電子郵件。LOL! 

不只百達翡麗會使用"EMAIL"其他少數鐘錶品牌譬如"Louis Erard"也有使用，但是就沒有那麼明顯。

Paul 

Ref: Original Author is Eric from Malaysia

勞力士保值率2026最新VR僅報6.7%

2025年，奢華手錶二手市場仍在整合回穩，2022年開始的跌勢在大多數品牌中放緩，而少數牌子的二手價甚至有所上升。

鐘錶新聞WatchPro引述摩根士丹利的市場數據指出，勞力士（Rolex）二手錶雖大體上仍保值，但其平均價格即將跌破官方的建議零售價。

報導認為除非勞力士二手錶價隨着新錶價格上漲而走強，否則今年可能會出現一個重要轉捩點——官方零售價貴過二手價。

勞力士二手價快將被零售價追平

摩根士丹利在其奢侈品市場二級市場季度報告使用價值保留率（Value Retention，VR），是衡量二手奢侈品保值能力的一項指標。

WatchPro引用摩根士丹利截至2026年1月9日的數據顯示，勞力士保值率較2025年10月1日降3.4%，最新僅報6.7%，代表勞力士二手錶平均售價比其建議零售價高出6.7%。

官方一動作，削弱勞力士保值率

值得注意是，2025年第四季勞力士二手平均價其實升4.6%，因此其VR保值率錄得跌幅是由於授權代理商零售價上漲所致。

勞力士錶主的議價能力也許不高了。報導指出，當消費者賣錶給專業代理時，價格多數都遠低於二手市價；即使是寄售手錶，扣除費用後也有機會蝕讓。

僅瑞士3大名錶仍保本

2025年內，勞力士姊妹品牌帝舵（Tudor）二手價升3.2%，卡地亞（Cartier）漲3.4%，歐米茄（Omega）揚2.4%，愛彼（Audemars Piguet）小幅走高1%；百達翡麗（Patek Philippe）二手價表現最佳，升幅達12.1%。

但二手價上升，未必反映品牌保值能力的增減。大摩基於WatchCharts數據追蹤的品牌中，僅三個品牌的VR仍保持正數：勞力士、百達翡麗和愛彼。

換言之，勞力士、愛彼和百達翡麗這瑞士三大名錶是目前僅有的幾個在二手市場上還能轉售獲利的品牌。該行報告並未追蹤理Richard Mille或產量較低的獨立製錶商如FP Journe、De Bethune或MB&F。

美國減價8%料進一步推升百達翡麗保值率

報導指出，即使2025年二手價上升的品牌，目前仍較零售價折讓不少，其消費品意義仍大於投資資產。

卡地亞被認為保值能力不斷增強，但其今年1月的VR值仍錄-30.9%，只是較去年10月的-34.6%有所改善。歐米茄的VR為-36.4%，萬國錶（IWC）為-40.4%，帝舵為-40.6%，江詩丹頓（Vacheron Constantin）為-41.1%。

截至1月9日的數據統計，百達翡麗的VR達10.7%，反映轉售溢價偏高。 2月1日，美國百達翡麗授權經銷商減價約8%，屆時其VR可能會進一步上升，但預計其他地區的百達翡麗將加價，可能互有抵銷。

摩根士丹利：潛在回報最佳腕錶排行榜

 

 

 

勞力士中古認證錶定價能力日增

大摩認為，勞力士二手市場的平均價格愈來愈受其授權代理商銷售的中古認證錶（CPO）影響。

摩根士丹利報告稱，勞力士CPO的銷售額在2025年總計達5.3億美元，僅第四季就創造逾1.7億美元，較2024全年之3.19億美元銷售額增長逾60%。

報導援引EveryWatch估計，官方RCPO銷售額目前佔勞力士二手錶整體市場價值的10%以上。

 

結論

根據這個文章，我有嘅結論就係買來買去都係幾多嗰幾隻錶, 百達翡麗嘅Aquanaut, Cubitus, Nautilus, Rolex Daytona,   GMT, Oyster Perpetual 同埋AP Royal Oak, 其他錶唔使買啦!! LOL

另外覺得真有啲令人傷感嘅A Lange1 嘅錶跌43% Black Bay跌40%, Audemars Piguet技全力催谷嘅CODE 跌36%, 百達翡麗嘅食骨錶 Calatrava跌35%, 昨年嘅IWC巨著新嘅Ingineur跌26%呢個真係慘; 隻錶真係好靚呀! 簡單講呢篇文章俾啲行家睇就啱啦，或者俾啲炒家睇啱呀, 純粹俾大多數玩錶嚟講我覺得未夠全面, 其實仲係好多好多錶好嘅, FP Journe, MB&F, Vintage Cartier Tank, Crash, Prasha,  Richard Mille 不過呢個仲係個人喜好啦! 

Paul

Ref  hket news

CD與卡式磁帶的比較，就像是石英錶與機械錶之間的對照

我記得幾年前，曾在另一個社群中分享過「趁CD還能讀取時，趕快把內容翻錄到卡式磁帶備份」這件事，結果引來了一些質疑的留言，例如：「為什麼不直接用電腦做數位備份就好？」、「為什麼要用音質比較『差』的媒體來聽音樂呢？」

 

那時候我也一時語塞。確實，若單從訊號雜音比（S/N ratio）來看，即使使用金屬帶搭配Dolby S或dbx降噪技術，卡帶最多也只能達到68–72分貝，根本沒辦法跟CD的90分貝相比。但這種「數據上的比較」讓我想起1990年代那段熱愛音響的時光，當時我跟一些發燒友常常爭論CD與卡帶之間的音質差異。

 

 

 

至於人耳是否真的聽得出差別，或者哪種無損格式聽起來更好——這就見仁見智了。堅持數位格式的死硬派會說CD有更大動態、背景更安靜、保留更多音樂資訊等等；而我這種偏愛類比的人則始終認為，卡帶的音樂聽起來更自然、更有立體感，音色邊緣更圓潤平滑，也更溫暖、柔和，適合長時間聆聽。直到現在，我並未完全放棄CD，只是已經不太有興趣再購買新專輯了。

 

 

 

人們常形容類比聲音溫暖又富情感，而數位聲音則顯得平面甚至冷冰冰——這樣的形容不勝枚舉。我特別喜歡曾在某篇文章中看到的一個比喻：「數位格式就像石英錶，一眼就能讀出極其精準的時間，秒針一格格跳動，精準度可達每月±3.3秒（如勞力士Oyster Perpetual Day-Date Ref. 19019/19018），精工Spring Drive甚至宣稱一年只誤差±15秒！而另一方面，類比卡帶格式就像機械錶——每天可能誤差+6/-2秒（COSC標準），但你凝視著秒針一格格走動，彷彿能感受到時間的流動，甚至聽得見音簧齒輪運作的節奏，好像它有生命一般……那是種溫暖。」

 

 

 

我想，卡式磁帶也是如此吧：「兩個帶輪在左右卷軸上以不同速度緩緩旋轉。將我們捲入回憶之中——有時哀傷、快樂，有時懷舊，有時又美好得令人沉醉無法自拔。」聽著《Summer of ’42》就像初戀情人靠在你肩上，她的頭像小鳥般依偎著你……那樣的愉悅、安心與享受，讓我們想藉著音樂與她，一起停留在那片刻的美好時光！

 Remarks on pictures

Nakamichi Cassette Deck and Rolex Oyster Quartz Day Date and Day Just 

 

World Luxury Watch market decline 2025-2035, what should I do?

 

 

The watch market is experiencing a significant shift, moving from a post-pandemic boom t2022 o a period of correction and restructuring 2024, with declines seen in 2024 and early 2025, especially in the mass-luxury and Asian markets, while high-end brands show resilience. Predictions for 2025-2035 suggest continued challenges, with analysts expecting stabilization in the mid-term and potential long-term growth driven by emerging markets and evolving consumer tastes, but a "decade-long slump" is possible for the broader market, marked by changing consumer behavior and economic pressures. 

 

 

Key Trends & Factors (2025-2035):

• Market Correction: The inflated prices and frenzy of the pandemic era have cooled, leading to price stabilization or gradual declines in the secondary market for many brands.
• Economic Headwinds: Geopolitical issues, currency fluctuations (strong Swiss Franc), inflation, and weaker demand in key markets like China and Japan are impacting sales.
• Divergence by Segment:
• Mass-Luxury (CHF 500-3,000): Hit hardest by declining sales and value.
• High-End/Ultra-Luxury: Brands like Rolex, Patek Philippe, and Audemars Piguet show greater resilience and even price increases, attracting new collectors.
• FP Journe instead facing huge demand from collectors, simple watch like Elegante has to wait for 2-3 years!
•  
• Shifting Consumer Behavior: Consumers are more discerning, with interest in "quiet luxury," new designs (like colorful dials), and brand history.
• New Indies grow with their bolder and unique design captures a segment of some luxury market. Mainly due to their entry level price.
• Growth in Emerging Markets: Strong growth is expected in places like India, potentially offsetting declines elsewhere.
• Technology vs. Tradition: A mix of smart features and traditional craftsmanship continues to drive innovation and appeal. 
•  

Outlook (2025-2035):

• Short-Term (2025-2026): Continued restructuring, with uncertainty and pressure on some segments, but signs of stabilization in the secondary market.
• Mid-to-Long Term (2027-2035): The market is expected to rebalance, with potential for overall growth (CAGR ~3.93% for Swiss watches) driven by new consumer bases and strategic adaptation, though the boom of the early 2020s is unlikely to return soon.  

In essence, the watch market isn't ending, but rather maturing and diversifying, with winners and losers depending on brand strength, market positioning, and ability to adapt to new economic realities and consumer demands. 

Many brands are doing reconstruction on their organization, launching new design, closing some of their outlets, However still these watches are still hard to get at MSRP: Nautilus, Aquanaut, Royal Oak, GMT Master II, Daytona and Submariners.

 

As of myself, I still focus on some of the rare neo-vintage watch collection such as Cartier Santos, Royal Oak of 37mm, Vacheron Constantin Overseas Generation 1 Ref 42042 Black and or Salmon, Rolex Coke and some of the Day Date with stone dial Ref 1803, Besides, some of the solid gold dress watch with integrated bracelet is a great item to buy if price is affordable.

Paul Ip

將手錶戴在右手上!

 人們通常習慣將手錶戴在右手上，這背後其實有許多原因，涵蓋了舒適性、心理學、文化因素以及個人風格的表達。首先，對於左撇子或雙手靈活的人來說，把手錶戴在右手可能更為自然舒適，因為這樣不會妨礙日常動作與操作。從心理層面來看，這樣的選擇也可以是一種展現自我獨特性的方式——相較於大多數右撇子將手錶配戴在左手，選擇右手便成了低調地表達「我和別人不一樣」的方式。

 

此外，這也代表著一種打破傳統的舉動，象徵著自主與不盲從主流的態度。根據某些心理學理論，主導手（慣用手）承擔較多任務，因此將手錶配戴在非主導手上，能減少干擾、幫助專注，甚至與能量流動的概念有關。文化和地域因素也會影響這個習慣——不同地區的人對於配戴手錶的手腕可能有不同的偏好或象徵意義。

 

實用性也是考量之一：右手常是進行日常活動的主要手，將手錶戴在右手可避免頻繁碰撞或損壞，特別是在工作或使用工具時更具安全性與耐久性。最後，對某些人而言，這更是一種穿搭建構上的宣言，甚至是溫和的叛逆表現——以一種不張揚的方式，對抗既定規範，展現自我風格。

Paul 

Taiwanese actress Janet Lee found her husband gift is a fake Rolex after 18 years!

                                                                     Janet Lee with her husband Alan

Taiwanese actress Janet Lee revealed her husband had given her a fake Rolex for 18 years, thinking it was real, illustrating how even wealthy individuals can be fooled or choose fakes, though this isn't about a Hong Kong celebrity.

In HK friend of mine knowing one of the top 10 richest real estate tycoon told my friend his Rolex was actually fake, asking why, the tycoon says yes and so what?

“When I wear Fake no one will say it is FAKE! LOL!”  Issue for me is when I wear an authentic Rolex some of my friends told me it is “Fake!”    

So does it matter real of fake?? Only can you pass your judgement point to accept that is a Fake Rolex or Patek on your wrist.. If you feel it is good for you then who can care?

 Note: Selling Fake Watch in HK is illegal! Using Fake Watch in HK is not supposed to be illegal but when you catch carrying more than a few pieces of fake watch at customs, that may be a big issue!

Back to the story of Janet Lee, this is what she posted on her Facebook:-

Janet took to her Facebook to share that her husband got her a green Rolex for her birthday about 18 years ago. 

Janet, however, said she didn't wear her Rolex much as it did not suit her style. 

One day, she took it out, only to realize that it had stopped working. She then brought it to a shop that specializes in repairing luxury watches. 

There, a shocked Janet was told that her Rolex was actually a counterfeit one, and that they would not help fix it. 

The staff at the shop also recognized Janet, which left her feeling extremely embarrassed. 

"My face looked green as the watch!," she recalled.

At that time, Janet went home to confront her husband for getting her a fake Rolex. Alan, who also got the same watch for himself, replied: "How could that be? Was I scammed?"

Alan said he bought the watches from a shop in Hong Kong. He later asked a Hong Kong friend to return the watches and get a refund."

Interesting part is that:

1. Who will refund you a watch bought 18 years ago and after that long time ago, you told the shop the two Rolexes were fake and he got a REFUND!

This is my thought

1, if the shop is a second hard shop, they might sell some fake to some new faces or tourists but after 18 years, who will accept that this is the actual watch he bought? 

2. If that is a fake watch there should not be any traceable Serial number on the watch and there should not having any proof that is the same watch he bought 18 years ago. A Fake watch usually does not come with warranty paper.

3. I can rule out that the two Rolex were not bought from any official Rolex AD or boutique.

I can say is that he was scammed even he was not aware and he told his wife  got refund just to make her feeling comfortable. I think he is not honest at all. 

There is still one possibility, as someone bought it known as fake to her wife! 

Anyway, I think the beauty should deserve an authentic Rolex.

HK Snob