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I bought mine off a friend for $950
It depends on the model and how old it is, but the parts usually cost around $90 and another $150 in labor depending on where you take it. Rolex of Switzerland would most likely charge over $400.
There are quite a few watches that cost 20,000 dollars. An example of one is the Romain Jerome Titanic or versions of the Rolex Submariner.
the average mark up for a watch is 40% so apply that number to the watch you are looking at to find the amount it cost to make it. the cost of watches varies massively from cheap ones all the way to Rolex's.
£5,500,000 i think :)
The most expensive Rolex non-diamond model is the men's Day-Date reference 218206 in solid platinum. It sells for right around $60,000. The most expensive diamond paved Rolex is the Daytona "Masterpiece" valued at around $1,000,000 US Dollars.
depending on the year of the watch and the cost of gold, and the type of president thers standard yellow gold and white gold, rose gold and platinum. and super president with diamonds, and diamond dial, and bark finish new can cost around $22,000.00 as a new day date standard watch. 1803 is the first generations of rolex that had the movement for a couple of years meaning starting in the late 60s to late 70s this would cost starting around 7,000,00 if you get 80s rolex then around 8 to 9k if you get 90s or 2000 the price keeps going from 10k to 14k the best Rolex to buy is original make sure there is no aftermarket diamonds added to watch this will effect value. you can purchase a rolex and place a 300 dollar dial with diamonds you think it will go up on value but its the opposite this kills your resale value and the rolex dealer will never touch or fix your rolex again. so do you research on the year and make sure you are aware if watch has added diamonds you should ask for lower price. and the watch must be 18k gold they do not make this watch in 14k. also the bracelet must be original as well there's many aftermarket bracelets this also has lots to do with the value of the watch.
The jewel bearings inside a watch are quite expensive only because of the cost of performing the maintenance and repair required to replace them. They are, otherwise, not particularly valuable.
A basic watch will cost you about $349.
A basi9c watch will cost you about 349 dollars.
Dealers list price onwatches 50% gross margin - 100% markup. The profit margin on the selling price to the dealer is not reported but if you look at a $7000 watch at retail that the dealer buys for $3500, the cost of materials is rather low. They've been making these watches for a long time so it is difficult to believe the manufacturing cost would be more than $700. That would give Rolex an 80% GPM on their resale to the dealer.
£80,000.00 ($159,807.93)