Peking Philippe Raises The Price Of Watches In The Uk Market By 5.5%

Watchmaking giant Patek Philippe has decided to increase the price of watches in the UK market by 5.5%. Local retailers have received news last week that the new price list will take effect on September 1. It is reported that the main reason for Patek Philippe to increase the price of its products is the continued weakness of the British pound since the Brexit referendum.

Patek Philippe Ref. 5320G_001 watch
   In the latest financial report (as of the end of January 2017), Patek Philippe’s UK importer and distributor Rhone Products admitted that the group’s ‘main risk’ was the decline in consumer demand caused by the UK economic situation and the exchange rate of the Swiss franc against the British pound.
   Last year, the Rhone Products Group increased sales by 14% to 142 million pounds and net profit reached 6.3 million pounds. The company’s directors are ‘happy’ with progress, but also said that currency exchange rates are putting pressure on procurement and profitability.
   Since the British referendum last June, after leaving the European Union, price increases for luxury watch brands have been the subject of the market. After the Brexit referendum, Audemars Piguet, Richemont (including IWC, Cartier and Vacheron Constantin) and Hublot have increased the price of products in the UK market by about 10%. In the past year, Breitling has increased its product prices twice. In November 2016, Rolex also raised the price of watches in the UK market by 10%, which is also the first time that Rolex watches in the UK market have ushered in price increases since 2012.
   The fall of the pound against the Swiss franc has led to a sharp rise in the export prices of Swiss watches to the British market over the past 12 months, a narrowing of the price gap between products in the UK and other major markets, and increasing profit pressure on local retailers. At present, the UK is the world’s fourth largest export market for Swiss watches.

Golden Miracle In The Ocean Breitling Super Ocean Series Rose Gold Watch

Summer diving carnival can not give up the pursuit of gorgeous appearance, stainless steel and gold version of Breitling Super Ocean Chronograph II (Superocean Chronograph II) and Breitling Super Ocean 44 watch (Superocean 44) Enjoy a wonderful luxurious summer with the most dazzling color ‘Gold’.

 For the first time, the 18K rose gold graduated ring on the unidirectional ratcheting rotating bezel complements the moving luster of the stainless steel case; with gold hands, the charming black charm is set off against the black dial, which makes the entire watch shine Shenghui. With its gorgeous appearance, the watch has super water resistance of up to 500 meters and 2000 meters. It is an unquestionable professional diving watch, demonstrating the excellence of Breitling watchmaking skills.

Technical data
Breitling Superocean Chronograph II Steel & Gold

Movement: Breitling 13 movement, certified by the Swiss Official Observatory (COSC), self-winding, 28,800 high-frequency swings per hour, 25 gem bearings; timing accuracy of 1/4 second, with 30 minutes and 12 hours cumulative timing Display; calendar display;

Case: stainless steel and rose gold; water-resistant to 500 meters (1,650 feet / 50 atmospheres); screw-in crown and safety chronograph button; one-way ratchet-shaped rotating bezel; curved sapphire crystal, double-sided Glare treatment; diameter: 44 mm;

Dial: deep sea white;

Strap / Bracelet: Cowhide strap, Superocean strap, Ocean Racer rubber strap (with holes), Diver Pro II deep dive rubber strap (spine ridge), Professional II and Professional III Stainless steel bracelet.

Breitling Superocean 44 Steel & Gold

Movement: Breitling 17-type movement, certified by the Swiss Official Observatory (COSC), self-winding, high swing frequency of 28,800 per hour, 25 gem bearings, calendar display;

Case: stainless steel and rose gold; water resistance to 2,000 meters (6,600 feet / 200 atmospheres); screw-in crown; unidirectional ratchet-shaped rotating bezel; curved sapphire crystal, anti-glare treatment on both sides; diameter : 44 mm;

Dial: deep sea white;

Strap / Bracelet: Cowhide strap, Superocean strap, Ocean Racer rubber strap (with holes), Diver Pro II deep dive rubber strap (center ridge), Diver Pro III deep dive rubber watch Strap (with brand signature), Professional II and Professional III stainless steel bracelet.