UK Price increase imminent

[AK797]

Originally Posted by desertyank

I may be out of line returning this thread to its original topic , but has anyone heard if there is or is not going to be an increase in the UK?

WiganSteve seems to be rather quiet on the topic......

He gone. And so has that collection back to its real owners.

[SamP]

Originally Posted by Haywood_Milton

So, their clients bear the risk of paying an additional sum after having paid for a Rolex in full, because the jeweller doesn't have adequate insurance? How do they treat customer repairs and valuations, I wonder?

They are known as "entrustments" in the world of jewellery insurance. If a distinction is to made for fee-free safe-keeping of items (where the jeweller is bailee for no reward) then they really should arrange suitable cover.

Is there any reason why you would not name this company here?

Please be assured that what they are doing sounds most irregular. Would you be able to post a scan of the relevant part of the receipt, please?

Thankyou,

Haywood

I won't name them, as I have a great relationship with them. This quirk isn't really impacting me. If the price goes up, I have 30 days to collect or ask them to post it to me.
The real net wording on the receipt is
"Deposit Sales £x,xxx.xx
Deposit Status : Initial
Deposit Ref : zzzzzz"

"Deposit Breakdown
Total : £x,xxx.xx
Outstanding Balance £0.00"

"Articles on Deposit :
cccccccc - Qty 001"

"Items on deposit must be collected within 3 months of the initial order"

"After 30 days, item on deposit will be subject to relevant price changes"

[Shaky]

I would be surprised if that would stand up in court, however I am sure the crux of any defence would be....you accepted this at the time of paying the full DEPOSIT

As a side note, I have found this topic both amusing and then quite informative, thanks all.

I am not surprised the OP has not been back on here with any reply, although I am sure he is still reading it.

[SamP]

Patek is going up 1st Sept. Maybe Rolex will do the same.

[AK797]

Originally Posted by Shaky

I would be surprised if that would stand up in court, however I am sure the crux of any defence would be....you accepted this at the time of paying the full DEPOSIT

As a side note, I have found this topic both amusing and then quite informative, thanks all.

I am not surprised the OP has not been back on here with any reply, although I am sure he is still reading it.

Yeah, got to hand it to Steve, at least he did get us thinking and researching while we idle the waiting hours away.