Gray Market Dealer Worry

[mbroyer]

My Fiancee and I just purchased a beautiful new GMT Master II from a recommended jewler and now we're starting to have doubts about the total authenticity of the arrangement. The Dealer in question sells from a reputable location (i.e., in a mall) and sells multiple watches a month; however, he is not an authorized rolex dealer. After purchasing the watch, we went to get it appraised from a jewler who is an authorized Rolex dealer and she pointed our guarantee card to be a fake within one minute (as well as the pouch that the card came in). The AD said that no one was available to take a look at the movement of the watch until next week, but everything about the watch led her to believe that it was real (e.g., hand stack, weight, etched in crown, etc.). We got a second opinion and the next AD also pointed out card to be a fake and questioned the lack of a hologram sticker on the caseback (again thought everything else about the watch led him to think it was real but couldn't open caseback).

My question to the forum is: should I have the bank block the transaction and return the watch to the dealer? I feel rushed to make this decision by 9 am tomorrow morning to prevent the dealer from obtaining the funds and refusing the return. I'm worried that if he lied about one aspect of the transaction, he could lie about the watch.

In total, we saved close to $1k on the new watch by purchasing from this individual but based on the total value of the watch, I'm not sure $1k is worth any sleepless nights. It was also our understanding when we went to this person that he was going to be an AD (though that was based on recommendation - he let us know that he was not) and that we would have the new 5 year warranty (he actually did promise us that).

Please let me know your thoughts!