Another 'price increase' thread

[Ruud Van Driver]

I spoke with one of my preferred ADs back home last night and he was telling me that a price increase in the region of 10 to 12% is very likely to hit Rolex by the end of this month.

Cartier, who are owned by the Richemont Group, have just upped their prices by 10%. Richemont also own Panerai and Montblanc, so their prices can be expected to go up too.

He also so said that these brands (I'm not sure if he meant all or some) haven't increased their prices since the back end of 2012, so an increase would indeed seem to be due. Given that the GBP has crashed recently, I guess that isn't helping either.

Now, before anyone responds with the usual 'it's a sales pitch', please keep in mind that I called for a B/S because I haven't seen him in over a year. He knew that I'm not looking at the moment (well, not entirely true because I am, but I didn't tell him that ) so I very much doubt it was a sales pitch.