![]() This might not be that big of a deal to some customers if they are not interested in buying the less costly timepieces. The non-precious or less costly timepieces will be available at exclusive authorized dealers. Say a certain watch may have different precious metal versions and you can buy them at a variety of authorized dealers. They are usually limited edition models and could be popular non-limited models as well. If you want to get a limited edition or want to be the first buyer of the new watch model, an authorized dealer could help you with that.Įxclusive Product:With the passage of time, more and more watch manufacturing companies are offering customers to purchase exclusive products from brand boutiques or authorized dealers. This is not only when a customer makes a demand but also in cases when it is difficult to get ones hands on a limited edition model. Sometimes, they make special requests to the manufacturer if there is a request of a particular model from a customer. They not only cover the major defects or movement issues if you are lucky, these warranties could get you a complete replacement in case of a faulty timepiece.Ĭhance to Buy First:Authorized dealers maintain a list of their customer demands and what they like. Sometimes, they can be as long as 5 years. So, there is the inherent risk of a reseller buying a used luxury watch and claim it is as brand new.īuying from an authorized dealer comes with the following advantages:Įxtended Warranties: Apart from the basic 1-3 year warranty, you can enjoy extended warranties when you buy from authorized dealers and special brand boutiques. Though most of the grey market websites are legitimate and sell what they claim to have, some scammers are out there.It is not only illegal but also prevents you from making an insurance claim or getting your watch back in case someone steals it. Also to protect the identity of authorized dealers, who sold the watches to the grey market seller, the serial numbers are removed.Luxury brands offer warranties for store products but not secondhand watches, even if they are new. Unauthorized dealers sell watches with void warranty.Here are a few things you should consider before buying from the grey market: Now, the watches in grey market are genuine, so why the negative advice? Most brands and watchmakers would advise you against buying from grey market. Things to Consider before Buying from a Grey Market Warranty:Grey market items usually come with store warranty only unlike licensed retailers that offer official manufacturer’s warranty. Support:If the grey market sellers make a sound customer base, it could even harm authorized sellers’ business. Reliability: You can expect the products to be reliable as most of the grey market products come from the Southeast Asian region.Įconomy:The government loses millions in uncollected duties and taxes as few of the grey market imports are smuggled. Bulk purchases lead to significant discounts. Price Point:As the price point per unit is a lot lower than the ones sold by official retailers in the U.S., the grey market merchants normally source their items from VAT-free countries like Hong Kong, Singapore, and Thailand. It is easier and more convenient to do online shopping with easy payment schemes (credit card and cash on delivery) and browsing options compared with traditional shopping. But as they are unauthorized sellers, they come with a few advantages and drawbacks:Ĭonvenience:As stated earlier, grey market watch dealers usually operate online. It is important to know that grey market products are not bad. ![]() The buyers get 100% assurance that they are getting the genuine product and the dealers can claim exclusivity to a certain extent in the products they sell. This allows the watchmakers to effectively destabilize those who deal in counterfeit watches. Watchmakers and brands make arrangements with a few dealers to sell their timepieces. ![]() Grey market watch dealers do not belong to the authorized dealer chain. They offer to sell watches in bulk these sellers and that, too, in massive discounts. Retailers and brands reach out to grey market dealers themselves if they have excess inventory. They buy the watches in bulk from the authorized watch dealers who suffered losses or were unsuccessful to move inventory. Usually, retailers buy the unsold watches from the dealers and then resell them at significantly less price. To put simply, a grey market watch dealer is a store that sells you luxury watches at huge discounts compared to the authorized dealer or boutique by the brand. The grey market offers an ideal market place for a large number of potential buyers. For those who are not much familiar with these two, here is an in-depth guide as to what these both are along with their pros and cons. If you are a person who likes to wear or collect watches, you certainly would know about the grey market and authorized dealers.
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