The soaring price of gold is driving up the cost of Rolex watches, with some gold models seeing increases of up to 14%.
Rolex watches, known for their high price tags, are becoming even more expensive in 2025 due to the rising cost of gold. Prices on some of the Swiss company's gold watches have surged by as much as 14%, according to enthusiast websites that track listings. This is a significant difference compared to their steel counterparts, which have seen an average 3% increase. The Daytona, one of Rolex 's most popular models, has experienced the most substantial price hikes.
For instance, the white gold version with the OysterFlex bracelet now has a suggested price of $38,100, a jump from $35,000 last year. Another model, the GMT-Master in yellow gold, is priced at $43,300 on Rolex's website, a nearly 7% increase. Rolex declined to comment on the price increases, but the luxury watchmaker has a history of annual price adjustments, with the rising cost of gold playing a major role in recent increases for gold watches. Gold prices soared 27% last year as central banks worldwide lowered interest rates. Investors often view gold as a safe haven during economic uncertainty and inflation, and lower interest rates can make gold more attractive than income-generating assets like bonds. However, the higher prices are not expected to deter watch buyers and collectors. Wealthy clients, with deep pockets, are often unaffected by market fluctuations that impact ordinary consumers. As written by Antonio Sasso for Italian Watch Spotter, price increases are not only not leading to a significant loss of customers, they are becoming a key strategy. Gold prices are projected to remain elevated in 2025, driven by the strengthening US dollar and lower interest rates. Joseph Dahrieh, managing principal at brokerage firm Tickmill, stated that the current market sentiment indicates sustained support for gold prices, particularly as investors seek to diversify their portfolios against economic and political risks
ROLEX GOLD PRICES LUXURY WATCHES INVESTMENTS ECONOMICS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Patrick Mahomes Gifts Chiefs Teammates Rolex WatchesPatrick Mahomes gifted his Kansas City Chiefs teammates an array of luxury holiday presents to celebrate the festive season
Read more »
Meat, Coffee & More Essentials That Could Skyrocket in Price in 2025Your ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
Dogecoin (DOGE) Price Can Skyrocket by 12,000% If History RepeatsCrypto Blog
Read more »
'Rich Dad Poor Dad' Author Says This Asset Is Next to Surge Big After GoldProminent Bitcoin supporter Kiyosaki says this asset is about to skyrocket in price after gold
Read more »
Bitcoin Price Analysis: FOMO Traders Beware, BTC's 'High-Wave' Price Action Points to ConfusionBTC's latest price action signals considerable confusion in the market in a shift away from the recent dominance of the bulls.
Read more »
Bitcoin Price (BTC) Declines 5% to $95K; Ether Price (ETH) Down 10%.Bitcoin was an outperformer, but still lower by 5% over the past 24 hours to just above $95,000.
Read more »