Jewellery Monthly
    Facebook Twitter Instagram
    Jewellery Monthly
    • Retail News
    • Jewellery
      • Jewellery & Diamonds
      • Education
      • Designers
      • Fashion Jewellery
    • Watches
    • Bridal
      Featured

      A Love Story from A Couple Who Couldn’t Afford an Engagement Ring

      By JewelleryMonthly2020-05-09
      Recent

      It’s official: these are the most popular times of the year to propose

      2022-08-26

      A Love Story from A Couple Who Couldn’t Afford an Engagement Ring

      2020-05-09

      Important Tips For Buying A Vintage Engagement Ring

      2020-05-07
    • Directory
    • Info
      • About Us
      • Our Audience and Visitors
      • Ring Size Chart
      • Anniversary Gift List
      • Diamond Size Guide
    • Contact
    Monday, January 30
    Jewellery Monthly
    Home»Watches»Pre-owned Designer Watches – whats all the fuss?
    Watches

    Pre-owned Designer Watches – whats all the fuss?

    JewelleryMonthlyBy JewelleryMonthly2016-05-045 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On the hunt for a designer watch, but want to stretch your budget a little further? If you look into reconditioned or pre-owned models, you may be surprised by what you can actually get for your money. Many jewellers offer part-exchange schemes and will look to buy designer watches back from the public. This means they often have a range of exquisite designer watches, ready to be reconditioned and put back up for sale.

    Let’s take a closer look at what to expect from purchasing a pre-owned designer watch.

    The reconditioning process

    Jewellers will scan the watch and check the serial number with the manufacturer. This will confirm if the watch is genuine or fake. A data analysis will also cross-reference this information to see if the watch has been reported lost or stolen. The watch is then inspected by a watch specialist. Important checks are carefully made to assess water resistance, accuracy, functionality and conditioning. This will determine if the watch needs to be sent back to the manufacturer for component changes. Alternatively some of the modifications or fixes can be completed in-house.

    A member of the jewellery service team will check the watch again, looking out for any mechanical issues. The watch is then carefully cleaned, boxed and locked away before display.

    Price points

    The price of a pre-owned watch depends on a number of factors. This will determine the resale price point. Here are the criteria the jeweller will look at before setting the actual price:-

    • The initial cost of the watch
    • The condition of the watch after it has been refurbished
    • Was the watch a limited edition design?
    • The age of the watch
    • The cost of new components and time to recondition
    • Popularity of the design and customer base

    After all these checks and considerations have been made, you can still expect to find a style of watch that will suit your needs. If you are considering a pre-owned watch, expect topay around 50 to 60% less, compared to what it cost originally.

    Pre-owned brands

    Depending on the jewellers and what design of watch they stock. You should be able to find plenty of top brands to choose from. If you want to get hold of a quality designer watch like Breitling, Cartier, Omega, Rolex, Longines or Jaeger Lecoultre, but affording a brand new watch falls out of your budget, a pre-owned alternative is the best move forward. You have the opportunity to invest in a household name and cherish something that master watchmakers took years to perfect.

    Where can you buy a pre-owned watch?

    You can start your search for a pre-owned designer watch online. This makes it easy for you as a buyer to search out something that really suits your style. You may even be considering a pre-owned watch as a gift to a family member, or as a wedding present. A lovely gesture that won’t hurt your bank balance.

    Buying online from an established jewellers is a good way of ensuring you don’t buy a fake.

    If a website looks unfamiliar, or the price points are too good to be true, it may be safer to shop elsewhere. If you are really unsure, give the company a call and ask to visit the store in person.

    If you are out shopping on the high street, spend some time looking around for jewellers that sell pre-owned watches. You might have to pop in and ask them if you can see their pre-owned watch range. This way you can actually see, feel, inspect and wear the watch before making a decision to buy.

    What type of precious metal is used?

    Many designer watches come in an array of different metals types, and some watches will also include diamonds on the face or strap. The amount of metal (weight) or diamonds used can affect the price significantly. Here is an overview of expectations based on metal being used for watches.

    • Diamonds – Higher cost
    • 950 Platinum – Higher cost
    • Palladium – High cost
    • 18ct Golds – High cost
    • 9ct Golds – Medium cost
    • Stainless Steel – Lower cost
    • Titanium – Lower cost

    This is a guidance and you may find different brands will put different price points on these variants. It normally depends on the popularity of the watch and brand.

    pre-owned-watches_1001

    Insurance and warranty

    Every pre-owned watch should come with at least 12 months warranty. This will cover any mechanical problems that might occur after purchase. This gives any buyer peace of mind and guarantees quality and service from the jewellers. Some jewellers may even offer extended warranty for each watch purchased. This can protect you from any unexpected faults in the future.

    If you have spent a tidy sum on your watch, it may be advisable to get it insured. Many jewellery insurance specialist companies will insure your new timepiece. This will protect you from accidental damage, theft or even if you lose it.

    Why invest in a designer watch?

    Designer watches are built by watch experts who spend a lifetime creating perfect works of art. A watch that is built to last a lifetime, will hold a lot more of its value over decades to come.

    The components used for each watch are not made of plastic or poor strength metals. Time has gone into the architecture and final design. It has been considered, checked and stamped with the approval of the brand owner.

    Most of these watches have also been built for a reason. They defy all weather conditions, work underwater at depths you can’t reach, light up in the dark, are scratchproof resistant, made with high-precision movement, and finished off with diamonds or luxury metals. Why would you want anything else?

    Images courtesy of http://www.winsorbishop.co.uk/

    Designer Watches preowned watches
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    JewelleryMonthly
    • Facebook
    • Twitter
    • LinkedIn

    DISCOVER, LEARN & LOVE JEWELLERY with Jewellery Monthly Magazine Jewellery Monthly is the No.1 online Jewellery News resource. Bringing you the worlds most beautiful Jewellery, Education, Information and resources within the Jewellery Industry.

    Related Posts

    What’s Behind the Enduring Demand for Rolex Watches?

    2020-08-27

    Are Luxury Watches A Good Investment?

    2019-11-22

    Patek Philippe Nautilus Watch History

    2019-08-12

    The Rolex Day-Date: Can You Pull Off The ‘President’ Watch?

    2019-02-12

    Rolex: Why the Mystique?

    2019-01-17

    C. & R. Struthers Luxury Watchmakers & designers, unveil new lookbook

    2018-04-30

    Comments are closed.

    Jewellery news, articles and events.

    DISCOVER, LEARN & LOVE JEWELLERY with Jewellery Monthly, the No.1 online Jewellery News resource. Bringing you the worlds most beautiful Jewellery, Diamonds, Education and Industry Information.

    • Terms
    • Privacy
    • Cookie Policy
    • Sitemap
    • Contact

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT