Article of the week
The New Patek Philippe Twenty~4 7340/1R Perpetual Calendar

Introduced in 1999, the Twenty~4 collection was Patek Philippe’s first dedicated line of feminine timepieces. The original model featured an Art Deco-inspired manchette (cuff) design, but in 2018, the brand unveiled the Twenty~4 Automatic, which is a round-cased iteration powered by an automatic movement. This year, Patek Philippe elevates the collection further by introducing a perpetual calendar complication, marking the collection's debut in the realm of Grand Complications.
Crafted entirely in 18K rose gold, the watch features a 36mm case with a slender profile of just 9.95mm, making it sit gracefully on the wrist. The case is meticulously finished with a combination of polished and brushed surfaces, enhancing its refined aesthetic. Two dial options are available. The Ref. 7340/1R-001 features a silvery opaline dial with a vertical satin finish, evoking the texture of shantung silk that feature irregular texture, while the Ref. 7340/1R-010 presents an olive green sunburst dial for a more contemporary appeal.

News The First Rolex Direct-Sale Store in China

A new experience for Rolex in the market with a store that buys, sells, and repair watches

The luxury watch industry is undergoing significant shifts, with the United States leading the market in terms of revenue, closely followed by China, which has experienced remarkable growth. Recently, a major change occurred when LVMH became the official partner of Formula 1, following Rolex’s decision to step down from the contract. While this seemed like the only big news for Rolex this year, it was soon overshadowed by the opening of its first store in China, marking a departure from its previous strategy of relying solely on authorized dealers to manage its operations in the country.

 

This strategic shift is expected to impact the market, especially as Chinese consumers become increasingly value-conscious in their purchasing decisions. The store will be located in the Shanghai Taikoo Hui mall, under the Bucherer Group banner—a global network of watch retail stores that Rolex acquired last year.

 

Since Rolex has boldly entered the second-hand market, one of the store's standout features will be a second-floor section dedicated to officially authorized pre-owned Rolex watches. So, the store will not only sell new and pre-owned Rolexes but also engage in the recycling of Rolex watches.


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