Rolex has raised prices for some of its precious metal watches in the UK following a surge in gold prices to record highs. The price increase for these luxury watches in the UK is reported to be 4%. This move comes as the price of gold has jumped 14% so far this year, impacting the luxury watch market.
Rolex watches are getting more expensive because gold prices have soared to record highs. https://t.co/1ctkHqeEfQ
Rolex announced that it raised prices for some of its precious metal watches in the UK by 4%, reports @Bloomberg, after the price of #gold surged to record highs. So far this year, the price of the yellow metal has jumped 14%, impacting even the #luxury watch space. https://t.co/k0MKvRuGpu
Rolex raised prices for some of its precious metal watches in the UK after the price of gold surged to record highs https://t.co/OECSUFhRGa via @business @iamandyhoffman #Switzerland
๐ฌ๐ง Rolex increases watch prices in UK as gold rallies https://t.co/q60IAf4mlg
โRolex increases watch prices in UK as gold rallies https://t.co/EZFwYCFaib
Rolex raised prices for some of its precious metal watches in the UK after the price of gold surged to record highs https://t.co/sIYoVnUXXX