Luxury watch prices in the secondary industry are tumbling, marking the accessory’s ninth consecutive quarter of price declines, according to Morgan Stanley. This trend is affecting brands high-end like Rolex and other Swiss brands as the introduction of new models in the primary industry is contributing to these price drops. Yahoo financial senior reporter Pras Subramanian analyzes the factors behind the ongoing pressure in the luxury watch sector.
#Rolex #luxury #youtube
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