How much will it cost to pay for a new green Sub 116610 (HULK)???

[hunz]

But are they legitimate in from Rolex's viewpoint? Rolex Singapore would not be happy about them. They are not imported through the proper channels. And this is another reason Rolex Boutiques are springing up every worldwide and many ADs losing their Rolex licences

[seiko.citizen]

I reckon its in the same boat as PI cars. are they legitimate? yes. does the manufacturer like it? most likely not.

different markets have different conditions, as a company they will market accordingly, and yes, that includes slight price differences.

[hunz]

Ok, can you back up what you're saying - that grey and PI Rolexes are legitimate?

Because dealers buying watches from abroad and bringing them in vetoing Rolex Singapore's proper distribution channels certainly is not. They obviously do not meet Rolexes requirements to be a Rolex AD otherwise Rolex Singapore would be supplying them - legitimately. And I repeat, which is why Rolex Boutiques are springing up every worldwide and many ADs are losing their Rolex licences so they (Rolex Geneva) control all stock and distribution. Together with the constant price increases which are two-fold: to smooth out pricing disparities globally so they are similar across the board which will curtail purchasing from cheaper countries and exporting/importing them elsewhere; and secondly b/c of the strong Swiss franc.

[seiko.citizen]

As far as i know, you can import any rolex into singapore. Just pay the GST. there is no rules either at a rolex level, nor at a government level that restricts you from bringing in rolex watches from overseas.

Also, overseas rolex are brought into rsc (singapore0 most likely on a daily basis, do they refuse service because you did not purchase from rolex singapore? the answer to that is no. now unless they have changed that policy since i was last in singapore, i wouldnt know.

dealers buying from overseas take advantage of price differnces, tax rebates, and currency appreciations/depreciations (depending which way you go!). rolex is well aware of the situation, and one company leadng by example is apple computers.

they have their own stores packed to the brim with the latest products, also, apple supplies their own customers first over resellers. how do i know? i used to work for a reseller. getting an ipad took 3weeks from launch, and even then, they were coming 3-5 pieces at a time. rolex isnt stupid, they exist to turn a profit, by taking out the AD and coming in themselves, they effectively corner all stages of their business. from sourcing > production > final assembly > retail > after sales support.

Rolex Singapore may not supply to certain individuals due to any number of reasons. One such reason usually is the seller's inability to move sufficient stock. I am familar with adhesive sticker line, as such 3M will give you AD but only if you move S$X-M/year. Once you fail to meet the targets, they will appoint someone else. in incident i had with 3M is that with orders over a certain amount, 3M will not supply to you, and go behind your back to the customer themselves.

[hunz]

For individuals for personal use/ownership yes, sure. But for Singapore dealers buying en masse and selling in Singapore, passing off as new, no.

[hunz]

And Rolex is clamping down on this practice of Grey imports big time. You can count on it. One trend is undeniable. Rolex boutiques are on the up and here to stay. Just like Omega boutiques. Strictly no discounts. Zero.

[seiko.citizen]

For individuals for personal use/ownership yes, sure. But for Singapore dealers buying en masse and selling in Singapore, passing off as new, no.

But where along the lines, does Rolex Singapore actively take measures to stop this? This would be different in the USA, because all rolex must be imported by Rolex USA. personal imports are allowed by wearing them into the country and sending cert/box seperately.

Therefore i still not believe it is wrong (i use the term loosely!) even for dealers. I reckon its fair game for all involved. As long as the rolex has not been tampered with and the new warranty is valid. why is it any less than a locally purchased rolex?

[hunz]

c'mon, its obvious that grey imports are done on the sly without RSC's stamp of approval.

the steps they are taking are as has been discussed - raising prices to parity worldwide, also regulating the AD's heavily. next step taking AD's out. replace with Rolex boutiques. its just a matter of time.

[seiko.citizen]

so what if it is done on the sly? there is nothing wrong with that. when i was in secondary school, i was importing electronics from singapore/japan into oz, kids at that time wanted the latest walkman, cd player, some wanted car audio from japan, etc. brand name products like sony, canon, nikon, panasonic, kenwood, etc. anything goes. got money earn, my lobang can bring in, i will sell.

did i get a call from any of the manufacturers? no
did i pay my gst to gov't? yes
were customers aware that my set came with foreign plugs, and needed adapters? of course

its not exactly right, but its definitely not wrong. in fact its called smart shopping. or in my case, smart buying just so happened that the above manufacturers were too lazy/my volume too small to bother with.

*imo* no different to gray dealers doing the same with rolex. if manufacturers wishes to counter this, its their call, and thru no fault of no one but themselves. if they want to create arbitrage opportunities, then they have to expect that someone is going to exploit it.

[hunz]

hello, is anything inside?

[stlf]

Locally i think the best price so far is 10,900 brand new set from non AD.
Other watches galleries are still selling at a premium of up to 14,000.

I can get it at below 10,900 though if anyone's interested.

[seiko.citizen]

well, you may go against the grain here by importing rolex in sg on the sly and reselling in the local market

[stlf]

well, you may go against the grain here by importing rolex in sg on the sly and reselling in the local market

hi,
i'm not importing rolex into sg and resell it here.
I'm just another watch lover like u and other fellow forummers here,we're all interested in getting our beloved timepieces at the best bargain.

[hunz]

well, you may go against the grain here by importing rolex in sg on the sly and reselling in the local market

stop pouting.

[seiko.citizen]

hi,
i'm not importing rolex into sg and resell it here.
I'm just another watch lover like u and other fellow forummers here,we're all interested in getting our beloved timepieces at the best bargain.

no worries mate, is almost customary to import our rolex on my side of the world. wait til you see some of the prices of the watches here in oz. kinda leaves us (aussies!) with no choice but to import on the sly .

take for example, a sub i buy locally, i can almost get myself a sub with change after a flight to sg. youd have to be an idiot to buy locally.