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Cheapest Country to Buy Luxury Watches in
This is a question that is often asked among people who are looking to buy a luxury watch, whether it be Rolex, Omega, Patek Philippe, or something completely different.
There’s no question about the fact that the prices of luxury watches vary a lot, and you obviously want the best deal possible, but at the same time, the best service and an experience as good as possible. Why pay more for the same product, right.
The prices of luxury watches vary between countries, and there are some countries that are iconically known for being the cheapest countries to buy luxury watches, however, this can vary a lot, because of the currency exchange rate, current prices, and other factors that play a role in how much the luxury watch cost.
Cheapest country to buy luxury watches?
There’s not really a fixed answer for this other than the fact that it depends on a number of factors.
What plays a major role in how cheap or expensive a country is for buying luxury watches is the currency of the country you plan to buy the luxury watch and the currency of your own country. This often has a major role in how cheap or expensive your luxury watch is, and since the currency constantly changes, it’s impossible to say which country is the cheapest for luxury watches. One idea is to take a look at the countries where the currency has dropped in valuation compared to your own currency recently and then see how much the timepiece costs there.
Furthermore, Rolex occasionally increases the prices of its watches, which is something that also affects pricing. And as a matter of fact, it’s not always that Rolex increases its prices worldwide. In some cases, Rolex makes a “currency correction” price increase, if a country’s currency has become weaker. What’s more, if Rolex makes a worldwide price increase, it won’t be increased by equally much worldwide. This has to do with the currency the country uses.
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The two most important factors are VAT, taxes, and currency.
These are often the most important variables of where the cheapest countries to buy luxury watches are. As such, these are factors you want to look at when you’re looking for countries where it is cheaper to buy watches in. Look at the percentage of VAT they have, what taxes they have, and how strong their currency is.
Switzerland
One of the countries which are known for being one of the cheapest countries to buy luxury watches in is Switzerland. Again, this isn’t necessarily a general rule, so don’t believe that all luxury watches in Switzerland are cheaper at all times, because a thing such as a stronger Swiss Franc can affect the price of the watch negatively. However, it would make sense that luxury watches are cheaper in Switzerland due to the fact that the majority of them are manufactured there. This requires minimal transport and no customs which can drive up the prices.
![Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (3) Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (3)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
The Scandinavian Countries
The Scandinavian countries – Norway, Sweden, and Denmark generally have cheaper prices on luxury watches compared to other countries. This is partly due to the fact that the currency in these countries is generally “weaker”/”lower” than, let’s say the dollar and Euro – for obvious reasons, and this can give you an advantage if you’re buying from these countries.
Hong Kong
Hong Kong may be the country that is most known for its cheaper prices when it comes to the cheapest countries to buy luxury watches.
It is the number one market for Swiss watch exports, and in theory, this bulk purchasing power can provide some discounts. However, this does not mean that you as a customer get cheaper prices, especially not if the currency is strong compared to yours.
Middle East
The middle east, especially Dubai’s airport is often spoken about when it comes to the cheapest country to buy luxury watches in.
It is particularly considered to be a good place for new Rolex watches since they have no VAT.
Now, with that said, it’s not really recommended that you go to the countries just for the sake of buying cheaper watches, because normally, when we’re talking about ”cheapest country to buy luxury watches”, it’s generally just cheaper with a few hundred dollars at max, and this is often what a flight ticket costs. However, if you’re in any of these countries, or just pass by, why not stop at one of the watch shops there and take a look at the prices they have?
![Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (4) Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (4)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
The UK
Now, you might be thinking “UK is not a cheap country”, and that’s a good thought, but with Brexit, the UK has actually become a great place to buy luxury watches from. With the decline of the pound as a result of the Brexit process, the UK has become a cheaper country to buy luxury watches from thanks to the exchange rate against the pound.
In fact, theNew York Timesreported that “sales of watches priced at more than 10,000 pounds were up 67 percent in the British capital” in September 2016. Furthermore, in June 2017, the “Federation of the Swiss Watch Industry saw an increase of +35.6% in exports to the UK, compared to June 2016 which was the month of the Brexit vote which ultimately caused the pound to decrease in value.
In the UK, London is obviously THE place to go to buy luxury watches. There are countless luxury watch stores, including the popular stores inside Harrod’s.
![Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (5) Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (5)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
Buy online
Many people have the perception that the only way to find the cheapest country to buy luxury watches, you have to actually go there and buy them, but with the internet, that’s not the case anymore.
Now, there are plenty of online shops for luxury watches from which you can buy from the comfort of your own home. The best part is that these online shops allow you to compare and look at prices in order to then making up your mind.
There are online luxury shops based all around the world, and the best part about this is that by comparing these online luxury watch shops, you can find the cheapest country to buy luxury watches online. Millenary Watches is one of them.
![Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (6) Which is the Cheapest Country to Buy Luxury Watches in? - Millenary Watches (6)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
Conclusion
It’s difficult to say which the cheapest country to buy luxury watches in is, because it depends on a number of different factors, and what was cheap last year may not be cheap this year. Obviously, you cannot go to retailers or grey dealers across the globe for the sole purpose of seeing if the prices are cheaper, and so this is why, over the years, more and more people have leaned towards buying luxury watches online. Doing so has allowed hem to buy luxury watches more comfortably and effortlessly, but more importantly, it allows price comparisons and finding watches for a good deal.
Bear in mind that the cheapest countries to buy Rolex watches in always changes depending on a number of different factors.
FAQs
The Scandinavian countries – Norway, Sweden, and Denmark generally have cheaper prices on luxury watches compared to other countries.
Which country is famous for luxury watches? ›
The Swiss are practically synonymous with watchmaking. After all, they have been hand-making their elite timepieces for hundreds of years, ultimately overtaking the German and the Dutch who established the industry.
Are luxury watches cheaper in India? ›
Which is the cheapest luxury watch brand in India? Following the Goods and Services Tax (GST) reduction on watches from 28 per cent to 18 per cent, India has emerged as one of the most affordable locations for luxury timepieces.
Which country has most expensive watches? ›
Home to some of the top luxury watch brands in the world, Switzerland is a watchmaking mecca. Geneva is one of Switzerland's most important watchmaking cities, where brands like Rolex and Patek Philippe remain headquartered to this day. Switzerland also boasts famous diving spots such as Ticino and the Verzasca River.
Are watches cheaper in Switzerland? ›
Switzerland is known for producing high-quality luxury brands of watches and is more cheaply priced in Switzerland because they don't need to import them. This gives Switzerland a home-field advantage when it comes to watches. Now before you pack your bags, it's important to consider a few things.
Which countries buy the most luxury brands? ›
14, 2021. Whether it's calf-leather Italian Prada bags or classic, checkered British Burberry trench coats, South Koreans are the world's biggest spenders on personal luxury goods per capita, Morgan Stanley said.
Which country buy the most luxury? ›
South Korea Leads World in Per Capita Spending on Luxury
- South Korea reportedly leads the world in per capita spending on personal luxury items.
- South Korea's spending on luxury goods reached $16.8 billion in 2022, a figure that was 24% higher than the year before, according to the report.
Which country is Rolex cheapest? ›
Japan: In recent years, Japan has become one of the cheapest places to buy Rolex watches. The Japanese yen has weakened against the US dollar, making it more affordable for foreign buyers. Additionally, Japan has a competitive market for luxury goods, which has contributed to lower prices.
Are Rolex cheaper in Dubai than India? ›
Rolex watches are significantly more expensive than other timepieces, and that is all because of their material quality. The retail pricing of a Rolex is more or less the same in Dubai or any other city.
What watches to buy in Switzerland? ›
Best Swiss Watch Brands (Luxurious & Affordable)
- TAG Heuer.
- IWC Schaffhausen.
- Patek Philippe.
- Audemars Piguet.
- Breguet.
- Longines.
- Jaeger LeCoultre.
- Piaget.
The differences between Swiss and Japanese movements are mostly that Swiss movements are typically more aesthetically designed, whereas Japanese movements are built more with precision and accuracy in mind. Both are used to power watches of all different kinds, and used by many watchmakers around the world.
Are watches in Japan cheaper? ›
In 2009, Japan and Switzerland entered into a free trade agreement, and ever since then Swiss-made watches such as Rolex have been somewhere around 20% cheaper in Japan than many other countries around the world.
Are watches cheaper in Switzerland or Paris? ›
Swiss watches are cheaper in Paris than in most other places. This is because the city has a long history of watchmaking, and there are many stores that specialize in selling Swiss watches. In addition, the Swiss franc is relatively weak against the euro, so Swiss watches are often a good value in Paris.
Which is the No 1 watch brand in world? ›
1. Rolex. Rolex is a Swiss luxury watch manufacturer based in Geneva, Switzerland. The company is well-known for its high-quality and precision timepieces, and its watches are considered some of the world's finest.
Who is the king of luxury watches? ›
Rolex Is the King of Luxury Watches.
What is the most sold watch in the world? ›
The Most Popular Watches in the World Are the Rolex Submariners. So, the most popular watches in the world based on the search number on Google are the Rolex Submariners. Today, Submariners are so popular that it's not unusual for someone to have to wait months or even years for delivery.
Which country in Europe is cheapest to buy luxury goods? ›
Luxury shopping haven awaits you!
Luxury goods are often the lowest priced in the UK, German and France, so we can totally see why! Plus, with 90% of luxury goods manufactured in Europe (usually France or Italy), the items aren't shipped to faraway destinations, hence the lower costs.
Which country in Europe is best to buy luxury goods? ›
Best countries to shop in Europe
Additionally, while the US dollar is worth more than the Euro, it's not worth more than the British pound. So, if you have to choose, France is probably the better option, especially if you're shopping for luxury items. That tax refund can make a big difference in the end!
What country buys the most Louis Vuitton? ›
Revenue share of the LVMH Group worldwide in 2022, by geographic region
Characteristic | Revenue share |
---|
United States | 37% |
Japan | 6% |
Rest of Asia | 20% |
Other markets | 13% |
2 more rowsFeb 8, 2023
Who are the luxury biggest buyers? ›
Gen Y and Z accounted for all of the luxury market's growth in 2022, per a Bain & Company report. Younger generations are set to become the largest buyers of luxury goods by 2030, the report says.
Most popular luxury brands in the world
- 1 – Louis Vuitton. Louis Vuitton is a renowned luxury fashion brand that epitomizes elegance, sophistication, and timeless style. ...
- 2 – Dior. Dior has become an icon in the fashion industry. ...
- 3 – Gucci. ...
- 4 – Chanel. ...
- 5 – Rolex. ...
- 6 – Versace. ...
- 7 – Michael Kors. ...
- 8 – Ralph Lauren.
Is buying Rolex in Switzerland cheaper? ›
Rolexes are generally no cheaper in Switzerland than anywhere else in the world. Rolex adjusts their local prices according to the currency of course, but otherwise, there is little benefit to buying in one specific location.
Are luxury watches cheaper in Paris? ›
Bottom Line. It is substantially cheaper to buy luxury products from brands like Louis Vuitton, Dior, or Gucci in Paris, their prices being on average between 30% and 40% cheaper in France than in other countries, especially those outside the European Union.
What is Rolex cheaper brand? ›
Any Air-King, Datejust, or Explorer on our list are fantastic choices if you're looking for a cheap Rolex watch. Still, a popular opinion among many Rolex enthusiasts is that the Air-King is the best affordable Rolex.
How much is the average Rolex in Dubai? ›
Rolex Pricing Guide
Model | Average Price (AED) | Popular Reference Numbers |
---|
Rolex Oyster Perpetual Date | 20,002 | 115210 115200-0004 1500 WHT ROM IX JUB |
Rolex Sea-Dweller | 59,326 | 16600 1665 126660 |
Rolex Sky-Dweller | 131,878 | 326938 326933 326138 |
Rolex Submariner | 75,756 | 5513 16800 BLK IX OYS 16610 BLK OYS |
14 more rows
How much does it cost to buy a Rolex in Dubai? ›
You can buy this Rolex in Dubai for prices ranging between Dh100,000 and Dh135,000. The quality of materials used and the manufacturing process is why Rolex watches are expensive. Rolex spends an extensive amount of time researching and testing out different materials while producing their watches.
What are the top 5 Swiss watches? ›
So, what are the top Swiss watch brands 2022? Based on Morgan Stanley's report 2023, they are Rolex, Cartier, Omega, Audemars Piguet, Patek Philippe, Richard Mille, Longines, IWC, Breitling, and Vacheron Constantin. Those are the brands in the top 10.
What are the big 3 Swiss watchmakers? ›
Each brand is constantly fighting for a legacy of greatness. The big 3 watchmakers in the world are Audemars Piguet, Patek Philippe, and Vacheron Constantin. Together they form the holy trinity of watches, and each of these Swiss luxury watchmaker brands set the standard in innovative complications and style.
Is Movado a luxury watch brand? ›
Is Movado a Luxury Watch Brand? Movado is an expensive brand that produces a mix of fashion watches and luxury watches. The prices of some of its watches can exceed expectations in some circ*mstances, which is why many watch enthusiasts remain on the fence with regard to its quality-to-price ratio.
Is Seiko better than Swiss watches? ›
Both Swiss and Japanese watches are made to the same levels of excellence. Seiko has been making watches since its first pocket watch in 1895, and the founders knew then that quality workmanship was important.
If you don't mind quartz watches and the extra accuracy the tech brings, Citizen watches might be your best bet. Alternatively, if you prefer the tradition of mechanical watches, with a cost-friendly price, then Seiko watches should be your choice! Either way, it'll be a win.
Are watches cheaper in Dubai than us? ›
Are watches cheaper in Dubai? So in Dubai, the official retailer adds 5% of duty cost and in Gold Souk in Deira, the brand new Rolex watches are 20-25% cheaper than the international price. The second-hand watches are even cheaper.
Why is Chinese watch so cheap? ›
The Chinese government subsidizes shipping from China (that's why it's so cheap) but return shipping from the US is very expensive. Most low-cost watch cases are made from metal alloy (usually zinc alloy with a stainless steel back).
Is Dubai cheap to buy watches? ›
While prices for luxury watches can vary depending on the brand, model, and features, there are several factors that may make buying a luxury watch in Dubai more affordable than in other countries. First, Dubai has a low tax rate, which can make luxury goods less expensive than in other countries with higher tax rates.
Why are luxury watches from Switzerland? ›
The first reason why 'Swiss made' watches are better quality is because of the standard of their mechanism. Metal gears are used. They are made by hand and can be serviced – meaning that you can use a 'Swiss made' watch for an entire lifetime – or, several! The components and link pins are made with stronger materials.