Wonder what Rolex recommends you spend?

[arttay10]

Crayfish - out of interest,
Just how good are simulated diamonds getting - against the genuine article?

[crayfish]

In a way I agree with nko 51. I wouldn't settle for a Rolex I didn't want just because it was cheaper. Having said that my first is a Date SS - basically the cheapest I could get at the time, with a date. But that was before I got the bug... If it's a solid gold Daytona with all that bling I'm looking for, maybe it'll be 24 months' salary! As long as you eventually get the one you want...

[CHRONOLEX]

I think you just have to remember that it's coming from your discretionary cash flow, so whatever you feel comfortable spending is what you should spend. In the big picture, most mainstream Rolex watches are in the $5k-$10k range. For some people, they'd rather spend that on a vacation or two. Others would rather buy a watch. I believe that you shouldn't buy a Rolex to impress others, because as I said, they aren't THAT expensive relatively speaking. I've seen plenty of people who wear digital Casios but drive six figure cars and live in enormous homes. I've also seen plenty of people who wear very expensive watches and drive six figure cars and live in very modest homes. It's all about what you want in life.

[Welshwatchman]

Originally Posted by mfer

That's really interesting...kind of sounds like Rolex (all marketing)




Where did you get those states. I'm curious about surplus of diamonds.

Originally Posted by crayfish

The supply will still be there, just in ever decreasing grades (concentration) and therefore more expensive to extract. Demand will drive prices higher, making mines able to afford to spend more extracting diamonds, so they will go deeper, and mine lower concentrations.

Producers can't control whether they produce low or high quality stones. They cannot "flood the market" with any specific type or quality - they sell what they mine. All the stones come out together. The prices of all types of diamonds will increase, but some maybe more than others. Obviously the rarest (top quality) will increase by more.

I saw a BBC "Panorama" progam on the diamond industry which focused on the recent huge improvements in the CVC production of flawless diamonds, whereby they can now produce diamonds with a colour and clarity that equals and even surpasses mined diamonds.

They showed two ersatz versions of the 45-carat Hope diamond and they astounded the experts since they now could create flawless diamonds the same way as nature did, one Carbon atom at a time under incredible heat and pressure. It cost $1500 to make each diamond!



DeBeers ended up doing a multi billion dollar deal to burrow their way in to the channeling and distribution of these man made diamonds into the jewlry industry.

It seems that the big bucks are in diamonds for industrial use and the mega bucks are in diamond semiconductors that will revolutionise electronics over the next decade or so.

The jewelry side of it is nicely under the influence of DeBeers so a $100 2ct flawless diamond is not going to be allowed.

[etp095]

Is overtime also included in the three month plan?

[GMTcrazy]

Childs college fund...

[fear]

Originally Posted by tutone

I vaguely remember some DeBeers diamond ads recommending that one should spend three months salary for a diamond engagement ring. If pressed into a similar marketing plan, I wonder what Rolex would say? IMHO, for your first Rollie, one months pay would be good. Less if your wife/fiancee has a small diamond.

Rolex no care how much you spend. Dey jus' like yo money brah.

[watchlady]

There is no particular occasion that you buy a watch for except retirement and that is few and far between these days. They want you to spend from about $4200-$249,600 (which is the highest price Rolex I could find Oyster Day-Date Special Edition Meteorite) somewhere in that ballpark.

[crayfish]

Originally Posted by arttay10

Crayfish - out of interest,
Just how good are simulated diamonds getting - against the genuine article?

Chemically speaking they can be exactly the same. However, there are instruments to tell the difference.

Problem is, one is hundreds of millions of years old and the other is a month or so. Try giving the synthetic to your soon-to-be-wife and see what she says...

[crayfish]

Originally Posted by Welshwatchman

I saw a BBC "Panorama" progam on the diamond industry which focused on the recent huge improvements in the CVC production of flawless diamonds, whereby they can now produce diamonds with a colour and clarity that equals and even surpasses mined diamonds.

They showed two ersatz versions of the 45-carat Hope diamond and they astounded the experts since they now could create flawless diamonds the same way as nature did, one Carbon atom at a time under incredible heat and pressure. It cost $1500 to make each diamond!

DeBeers ended up doing a multi billion dollar deal to burrow their way in to the channeling and distribution of these man made diamonds into the jewlry industry.

It seems that the big bucks are in diamonds for industrial use and the mega bucks are in diamond semiconductors that will revolutionise electronics over the next decade or so.

The jewelry side of it is nicely under the influence of DeBeers so a $100 2ct flawless diamond is not going to be allowed.

The industrial diamond industry is less than one tenth the size of the gem diamond industry (by turnover). Can you seriously see the biggest producer of natural rough diamonds even considering getting involved in synthetics?

Eventually there will be hundreds of factories in the Far East producing synthetics and they will sell like cubic zirconia - the market will differentiate itself from natural diamonds on its own. The half-a-billion year old diamond will not diminish in value because of this.

The jewellery side is dominated by several large players - Tiffany's and even Wallmart, but not DeBeers.

[crayfish]

Originally Posted by fear

Rolex no care how much you spend. Dey jus' like yo money brah.

Is Rolex a listed company? Can anyone buy shares / stock in Rolex? Or if it's private, who are the owners? They must be doing very well...

[BigHat]

Originally Posted by crayfish

Is Rolex a listed company? Can anyone buy shares / stock in Rolex? Or if it's private, who are the owners? They must be doing very well...

Family business.

[dotcomakazee]

Originally Posted by tutone

I vaguely remember some DeBeers diamond ads recommending that one should spend three months salary for a diamond engagement ring. If pressed into a similar marketing plan, I wonder what Rolex would say? IMHO, for your first Rollie, one months pay would be good. Less if your wife/fiancee has a small diamond.

I spent less than one month's salary on an engagement ring (but never gave it to the girl) and then sold the ring and bought a SS GMT IIc. Me = genius.