BREAKING NEWS: AAA UK Best Replica Rolex Watches To Hike Prices By 3% From May 1
Perfect Rolex replica watches prices in the United States will rise by around 3% from next month, WatchPro sources have said.
High quality Rolex fake watches has not yet responded to a request for confirmation and additional details about the increase.
In addition to the price increase that will kick-in next week for consumers, Rolex authorized dealers have been notified that they will have to surrender 1% of their margin, taking it to 33% on every new Swiss made Rolex copy watches sold.
The global luxury UK replica Rolex watches market was thrown into turmoil on April 5 when President Donald Trump announced a 31% tariff on all imports from Switzerland.
America is the largest market in the world for Swiss super clone Rolex watches wholesale, importing timepieces worth CHF 4.4 billion last year.
Although the punishing 31% tariff rate was rescinded less than a week after being imposed, a 10% tariff on all imports from around the world remains, adding cost to every top Rolex replica watches bought into the country.
In addition, fallout from the Liberation Day address caused the dollar to slump in value and the Swiss franc to rocket, adding as much as 25% to the cost of importing from Switzerland.
As investors look for safe havens for their funds, gold has also shot up by over 20% since the start of the year to over $3,300 today.
Rolex had already hiked the prices of its gold cheap fake Rolex watches UK much faster than its steel models on January 1 when the gold price was closer to $2,600, and this could be the case again when details of the May price rise are confirmed next week.
Swatch Group had already raised prices in response to the tariffs, gold price and Swiss franc strength.
On April 16, the company confirmed that prices had been impacted by the impact of tariffs and the reaction from financial markets, leading to increases of 7-10% for the group’s luxury brands.
“There are two main reasons for the price increases. First, the dramatic change in exchange rates between USD and CHF. The dollar weakened in the last 4 weeks by nearly 8%. Secondly, the introduction of the 10% tariff, instead of the former 3%,” Swatch Group said at the time.