How to get more discount buying Rolex in Hong Kong?

There is a Policy Rolex AD is strictly not allowing more than standard 5% discount to every buyer In Hong Kong.


And being a High profile Blogger, I have been referring some of my known friends to get extra discount… and many insiders told me Rolex is keeping an eye on me.


Well, to Rolex, I think I am being treated both Hate and Love… as you can see I am Rolex Collector, and Every article I am telling my true Passion on Rolex…


But on the other hand… I am considered doing something jeopardizing their selling policy.



I am doing my best to help many of the Rolex lovers to get some extra discount buying Watches Rolex, Omega, IWC, Cartier. and many others only. And Worst thing is , I earn nothing… I am working in another industry to earn my rice and congees.



As far as Rolex internal Price strategy, there will ne a very harsh punishment to the Watch Shop Roles Authorized dealer to sell watch more 5% to buyers..



So in order not to hurt anyone I know in the Rolex AD chain…

I have better keep away from this…


However, friend, visitor of my blogs advised me to give an advice to you on how to get extra discount yourself… this is some of the Advice,.,. And I can not say this is my Advice!



Try to ask as many discounts as possible as if they know you are not the undercover of Rolex and they will grant you more discount like less 8% to less 14%!



I have seen some walk-in can get a Milgauss green Glass with less 13% may be he is a smart negotiation,,, well worth a trial…


Buy Rolex at a low season, that is they need more revenue to pay the rent…

Xmas, CNY, New year, Feb 5-13 Oct 1-10, May 1-10 is peak shopping season, buying other than this period may have Higher chance to get more discount…


Show you are the Foreigner with passport, Driving license, and name card… that tell the Shop manager you are not really the undercover.



That is it… try your luck and tell me if that works…

HK Snob
Watch Fever

Price Information of new and used Rolex in HK, Thailand, Singapore, Europe

Written by a 1972 Montblanc Meisterstuck 82 fountain pen with Salior Kiwakuro Extra Black Ink on Conqueror Paper

New Watch from Rolex AD
Many countries Rolex AD had started increasing Rolex Price, but still the official price of Rolex HK is cheaper than many countries. For an example, Rolex Daytona official price in HK is HKD$98,000, whereas they are selling About HKD$100,800 in Thailand.

Thailand
For an example, Rolex Submariner Ref, 1l6610LN in HK is HK$62,100, after 5% discount will be, HK$58,800
In Bangkok , they were selling Baht 270,000, after 5% discount will be HKD$65,769 base on Exchange rate 1 HKD=3.9 Baht
That is a difference of  HKD$6,969. that is a price good enough to buy a Tissot Touch+

Rolex Ref 178341 Rolex Datejust Lady 31mm (RG/SS - Brown – Diamonds) Rolex HK AD is selling HK$99,600 less 5% HK$96,200  where as in  Thailand is selling USD$13000 , that is HKD$101,010 net. So HK is HKD$4,810.

UAE is likely Cheapest for Rolex
UAE is 10-12% lower than HK for all Rolex model except Daytona Steel, Daytona Black white is now AED 45,000.00 on 13 July 2012, So next time you go there, do not forget to buy one

Singapore
Due to their strong Singapore dollar 1 SDG=7.9, they would be cheap to buy Rolex in HK , but I know that you know the shops in Singapore, their discount can be up to 15%. So there may be a good bargain if you negotiate with the shops in Singapore
I still remember I bought 4 Explorer I new in Peoples’ Park with HKD$14,000 each , at that time HK was selling HKD$18,000. that was 1996.

In April 2012
Rolex Daytona Ref, 116520 Either black and White Dial, HK Rolex AD is selling HKD$98,000 net but We can get it HKD$97,000 in Praque, HKD$93,000 in Vienna but
HKD$100,500 in Budapest. Desmond told me that he bought aDaytona 116520 white dial in Switerland with Euro 8,903 (HKD$89,920) after discount and tax refund in August. So that is a good price!

In grey dealer in HK, we can get it with HKD$950,000 to HKD$96,000
So they are quite close, with Vienna cheapest.
Note that there are more Black Dial in Manila Makati as Philippino like White more than Black, but in HK, more people like black and few likes White. Price of White and Black dial is by right the same price.

Pre-owned Watch price update in HK
I had a short tour to some of the shops in Sham Shui Po Like Luen Shing and Kuen Kee we can see the price of Rolex Watches are:

Submariner ref, 116610 HKD$35,000-
GMT master HKD$52,800-
Submariner Blue Dial Two Tone HKD$49,800
Ref 10460M Submariner without date HKD$29,800
GMT master 40mm HKD$35,000

Kuen Kee pricing  (latest update 23 Sep 2012)
Ref, 16600 Submariner is selling HKD$38,000 to 47,500
Explorer II Ref, 16571 is selling HKD$28,900 to 39,000
My Comment is that if you are fond of Two Tone, The Rolex Submariner is worth to buy as their price is attractive, may be people tends to go for either solid gold and Stainless steel, so Two Tone is being ignored, that is a good deal if you like them!

Price was the listed price on the shop on 9 September, that is a price for your reference only, there are more expensive one depending on condition, some are coming with original Warranty certificate and box.

You can get another HKD$500-1,000 discount depending how well you know the shops and your skill in negotiation.

From what the price I know It is cheaper to buy new Rolex in UAE and Daytona in Switerland.

Note, Overseas prices are supplied by Rolex Fans in my blog, that is for your reference as there is factors like timing and Exchange Rate for that country.

Sham Shui Po Snob

The Price of pre-owned Rolex in Hong Kong.

According to What I have checked with major shop of Rolex in Mongkok and Sham Shui Po area.

This is roughly the price of it. All are in Hong Kong Dollars
Please note that the price is depending on the condition of the watch, whether there is original birth certificate, box, of the watch.

Here is a roughly range of price of the popular models:

Submariner Ref 116610LN New Watch is HKD$58995, pre-owned watch is HKD$30,000 – 53,000.00

Submariner Ref 16610LV Green Dial Green bezel New is HKD$66,100, pre-owned is HKD$66,000-68,000 with original Certificate and box.

DeepSea Ref 16600 New is HKD$78,735, pre-owned is HKD$50,000- 67,000.

Explorer II Ref 16570 Black dial new is dis-continued, pre-owned one is HKD$27,000-HKD$38,000 while white dial is still slightly lower in price than white with same watch condition.

Explorer I Ref 214270 new at HKD$43,605, pre-owned one is about HKD$21,050- HKD$26,000

Daytona Stainless steel black dial Ref 116520BL new at HKD$87,500, pre-owned one is about HKD$71,.000 to HKD$85,800

Daytona Stainless steel While dial ref 116520 pre-owned price between HKD$72,500- HKD$78,000.

Yacht master 40 mm Ref 16622 new at HKD$83,125, pre-owned one is about HKD$52,000 to HKD$63,000.00

You can see the price of stainless steel Rolex is highest for Daytona, followed by DeepSea, Yacht Master, Submariner II, Black then white, Explorer I.

This is a price reference for you only. There is no idea on telling you what is best in buying in the pre-owned watch market in HK. I have seen some of the watch is selling actually almost the same price as new watch in Rolex AD. Why I have to buy in these second hand market for an used watch with such a high price!?

Also, do not forget to negotiate and some time when you keep on asking, they can allow some discount on the price for you but not much, usually it is about 3%-5% more maximum.

But one thing, you should take some times finding more shops before you buy it.
And Don't think the seller is stupid in putting good watch at low price, as old Chinese said, “There is no such big toad jumping on the road”

Happy Go Shopping Rolex….

Sham Shui Po Snob

All Major Rolex Models and Price discount in Hong Kong Rolex Authorized Dealers

For many people who keeps on aking me price of Rolex, and there are 500 comment asking the same questions about the current price of Rolex, I had hard time to reply but supported by friends who is working in Rolex AD and Dealers, I still manage to update them with latest price, but due to Swiss France appreciation in 2011, at the same time HK Dollars is pegged with green back. Rolex has adjusted the price 4 times in 2011, and 5 times for Tudor. In So far, Rolex has yet announced the price changes…Good luck!
But It is hard to track the price soon as I can see there will be price changes soon as Rolex did every year, an average of 10-15% increase in the past 10 years, So why not I put a rough estimation on every of the major models…

The Models: Rolex currently produces around a dozen different Oyster Perpetual models. Rolex also has their dress line, Orchid 50-60 and later Cellini. For ladies they make the 23mm Oyster-Perpetual, 26mm Date & Datejust, and 29mm Yacht-Master. In mid-size, you can get the 31mm Datejust or 35mm Yacht-Master (the only sport model offered in a case smaller than 40mm). Lastly there are the gents: 34mm Date & Air-King; 36mm Datejust, Explorer & President; and the 40mm Daytona, Explorer II, GMT-Master-II, Sea-Dweller, Submariner, and Yacht-Master. The new one like Explorer II, Sky-Dweller is made of a larger size of 42mm.
Some models like the gents Datejust currently have about 10 model numbers in production... The numbers help differentiate the different metals and bezels used. Dial colors are not included, so that leaves one with dozens of new Datejust choices... The Sea-Dweller in comparison is offered only in steel, only with a black dial, and only as Ref. 16600

Air-King: The Air-King could be considered the "entry level" model from Rolex. Current models retail for HKD$43,000 with the smooth bezel fitted, with the engine turned bezel, or HKD$49,000 with the White Gold bezel. It is 34mm in diameter and comes with an Oyster bracelet by default. The Air-King does not have a Date. In the 1970s, the Air-King was offered with a date and in gold & steel combinations which was rare! Those two variations likely ceased production since they are redundant next to the Date and Oyster Perpetual models. Rolex Air-King Watches.

Date: The Rolex Date is 34mm like the Air-King, but it obviously includes a date function. Its production began in the late 1950s, around the time the steel Datejust was introduced. Retails range from HKD$45,000 with a smooth bezel and Oyster bracelet to HKD$60,500 with an 18K white gold fluted bezel and diamond markers. The date model was once offered in 3 flavors: steel, 18k yellow & steel, and all 18k yellow gold. It is now only available in steel.

Datejust: The Datejust is the best selling Rolex model on the market, 60% of Rolex model is Datejust and has been for decades. It was first introduced in 1945. The gents model is 36mm in diameter and typically came on a Jubilee bracelet. Rolex seems to have changed their tradition on this and is sending more Datejust models out the door with the Oyster band. Models with smooth bezels are available, but less common. Most have the fluted bezel, which is 18k white gold on the steel model.

The Datejust was only available in gold until 1957 (conveniently a year after the release of the Day-Date which still has never seen a steel model). The steel Datejust was introduced and became an instant success. Rolex soon saw the steel variations selling much quicker than their gold models. Rolex countered this in 1962 when they introduced the gold and steel version..

Ladies Date/Datejust: These two models use the same 26mm case mold and offer the exact same functionality. Rolex discontinued the ladies Date, there was so much overlap in the models that it seemed long overdue. Retails range from HKD$46,600 for the most current 171960 steel Datejust. The more popular Datejust with White gold bezel retails for HKD$49,000. The Gold & Steel models start at HKD$606,00 (179173) and go up to HKD$97,000 for a 179313 with diamond mother of pearl dial and 12 diamond bezel.

Explorer: It was introduced in 1954, and has had one look through-out its life; a black dial with Arabic numbers at 3', 6' and 9', no date, smooth bezel, Oyster bracelet, and a stainless steel 36mm case. Except for the updates that all Rolex watches have received, it remained essentially the same watch. Today the watch retails for HKD$46,600 Rolex has announced an update to a 39mm case for the Explorer.

Explorer II: This model was introduced in the early 70's and was never widely distributed or popular until 1991. The original model was produced until the current model was released in 1985. The Explorer II uses the same movement as the GMT-II models and makes use of a secondary 24-hour hand that rotates once every day. The engraved steel bezel is stationary and was originally designed for speleologists (cave explorers) who can have a hard time determining if it is am or pm. Today its new Explorer II retails for HKD$50,500 and comes with only one choice: a black or a white dial. - Rolex Explorer Watches.

Oyster Perpetual: An odd name for a model considering every Rolex mentioned on this page is also an Oyster Perpetual... By itself, the "Rolex Oyster Perpetual" was basically the same as the smaller 34mm Air-King model. The Current Oyster Perpetual (no-date) is now the same size as the Datejust and comes only in steel or steel with white gold bezel. Rolex has introduced several unusual dials for this model. Retails start at $45,000 for the simplest ladies Oyster Perpetual and $42,000 for the simplest men's Oyster Perpetual. Both come standard with an Oyster bracelet.

Submariner: The Submariner was introduced by Rolex in 1954. The watch comes only on an Oyster bracelet and has a 40mm case. The steel model is only available with a black dial, and is one of the most recognizable Rolexes. Anniversary editions with green bezels can occasionally be found. The Submariner has the common single direction rotating diving bezel with minute markers for the first 15 minutes. The original models until 1958 are often considered "James Bond" models and have some easily recognizable difference. Primarily, they had a smaller crown, no crown guard, and the bezel only had minute markers every 5 minutes. In the late 70s the model 16800 was introduced. It sported the new sapphire crystal and quick-set function. In 1989, the 16610 was introduced with an improved movement and a more secure bezel, that is the most advanced and yet beautiful Submariner so far claimed by most of Submariner Collectors. In 2010, the 116610 was introduced with a ceramic (Cerachrom) bezel and improved “Glidelock” buckle. The Submariner is one the most popular models and comes in 4 styles, $49,900 for steel (no date), HKD$62,100 for steel (with date) for the new Ceramic model, $90,000 for 18k gold and; steel, and HKD$250,850 for the yellow gold model or HKD$263,600 for white gold.

Sea Dweller: The Sea Dweller was introduced in 1971 and discontinued in 2008. It is virtually the same watch as the Submariner. The only real differences are the thicker and heavier steel case, thicker crystal with no cyclops eye, and the helium escape valve useful only to deep divers. The original model was rated for 2000 feet and called the "Rolex Submariner 2000 Sea Dweller". It lost the "Submariner 2000" part of the title in 1973. The current issue, model 16600, is rated to 4000 feet and is sold only in steel. The Sea-Dweller DEEPSEA, model 116660, has replaced the Sea-Dweller model 16600 and retails for HKD$82,500. The DEEPSEA model offers a greater depth rating (to 12,800 feet) along with a thicker, larger case and an improved "Glidelock" buckle

GMT-Master: The 1950s were an exciting decade for Rolex and included the introduction of the classic GMT- Master. It was one of the first watches to utilize a second hour hand to indicate a second time zone. With the simple rotating 24 hour bezel, one could fairly easily tell the time in any time zone. The late 70s saw the introduction of the GMT-Master II which was basically the same, except now the user could easily adjust the 2nd hour hand with the crown in position 2. The steel models are only offered with black dials. The bezels are available in all black, red/ black, or red / blue. GMT's typically come with a Jubilee bracelet installed.

The original GMT-Master (16700) was phased out in the late 90s. The latest serial number Bernard's had for the 16700 was a U#, putting its birthday around 1997. With the flood of new models with a second time zone function from other manufactures, retiring it was a smart move, as most consumers will want to adjust the 2nd hour hand.

The GMT-Master II (16710) was discontinued in 2008 and replaced with the GMT-Master II (116710) The primary difference besides the 3186 caliber movement with Parachrom Bleu hairspring is the ceramic (Cerachrom) bezel. Some late production 16710s have been discovered with the 3186 movement.

The GMT-Master II with green hand retails for $62,100 in steel, HKD$91,500 in steel and gold, and HKD$256,000 for solid gold.

Daytona / Cosmograph: The story of the Rolex Cosmograph could be called the most chaotic of all the Rolex Oyster models. Rolex is keen on creating a winning product. The watch never really got off the ground until 1986 when the market for them exploded and the watches would often sell for double the retail price in Italy. The "Paul Newman" models manufactured around 1967 were and still are the most desirable of the Daytona models fetching prices over HKD$400,000. It retailed for around HKD$25,500 back then In 1989, Rolex replaced he Valjoux workhorse movement with the Zenith El Premiro movement. During the 1990s, the Daytona was the only Rolex model not using a Rolex movement. In 2000 came the newly developed Rolex caliber 4130 with a 72 hour power reserve. The steel 116520 retails at $84,000. Steel and Gold models retail for $113,000 and all 18K yellow gold for $265,000. Steel Daytona's have consistently sold for more than retail since the 1992. The two-tone and gold models do not sell for over retail, unlike their steel counterparts.

Note: Price listed here is rough estimation only, normally we can get 5% discount from Rolex AD in HK on these prices. Special Discount is available for certain model for some VIP. Contact me for more information.

HK Snob

Where to buy Good Rolex Watch in Hong Kong!?

There have been a recent price adjustment again for the third time since Nov 2010 on 18 April 2011. Rolex has increased 4% of their watch and 8% on Tudor series.
So. All the price of the watches has to be revised again. There are a lot of enquiry on the latest price of Rolex to me and All I can tell is the price of Today, as far as I know, you may not get any discount for those hot model such as the GMT Master II and Submariner.
Discount goes to those Date Just, or Date Day series…
Well, people ask me where to buy Rolex, you can refer to the Rolex Authorized Dealer shops in Hong Kong.

Artland
Chow Sang Sang
Chow Tai Fook
Dickson
Eldorado
Emperor
Europe
Fung Leung Kee
King Fook
La Suisse Watch
Oriental
Precision
Right Watch
Solomon
Tai Hing
Times City
Times Watch
Wah Hing
Zurich

As some of the Shops has a few branches, there are totally 74 shops in Hong Kong selling Rolex Watch, the watch are guaranteed genuine watches from Rolex.
As for the price, it varies a bit from one to other shop. If you are Walk-in, Max 5% discount, but for loyal customer and VIP, they will offer discount 8%-13%. But for certain HOT items, that may have no discount, like Daytona Stainless steel Submariner Green Bezel and Dial Ref 116610LV, the price is still HKD$66,100 (list Price)
HK Snob

Rolex List Price in Hong Kong

勞力士行已出最新香港零售價目表
116400GV Milgauss綠玻璃, 46,000
116400 Milgauss 43,300
116264 Turn-O-Graph 44,700
114270 Explorer 33,300
16570 Explorer II 39,300
14060M Submariner 36,000
16600 Sea-Dweller 42,000
16610 Date Submariner 40,700
16610LV Date Submariner綠圈 43,300
16613 TT Submariner 61,000
116710LN GMT Master綠針 49,000
116713LN TT GMT Master綠針 71,300
16622 Yacht-Master (Large) 64.000
168622 Yacht-Master (Medium) 57,300
169622 Yacht-Master (Small) 50,700
116689 Yacht-Master II 256,300'
116688 Yacht-Master II 231,800
116520 SS Daytona 63,300
116523 TT Daytona 93,300
116509 18ct白金 Daytona 205,200

TT means two tone

SS means stainless steel

Normally, we can get less 15% for non-popular model and less 5% for special model marked with RED colour!

feverip Oct 2009

Rolex Day Date Osyter Perpetual

This is Rolex Oyster Perpetual, Day Date Ref.18039. With Nickel-finished Lever movement. 31 jewels, Original Diamond set numerals, Centre Seconds, Apertual for day at 12, magnified windwo for date, the tonneau-shaped water resistant-type case with White Gold milled bezel, screw back, screw down crown.White gold Day Date is always the best watch as Rolex collector's item as it value can be well miantained over the years.
I can recalled that the SS Osyter perpetual Date just boy size was selling HKD$4,800 in 1980, a TT Date just was about HKD$8,900, and a Yellow Gold Oyster perpetual Day Just large size was about HKD20,000. A Oyster White Gold Date day was about HKD$28,000.

Now it is about HKD241,600 (model 218239) and the Platinum version with diamond bezel (model 118346) is HKD$445,100 as on the lastest Rolex price book dated 6th April 2009.

HK Snob