Typically, luxury brands would usually increase their prices several times a year. However, as luxury YouTube commentator, Super Dacob states that this year, Rolex did not increase their prices. This is a common topic among luxury lovers as the industry is seemingly headed to a downturn.
Rolex not increasing prices yet?
However, Bloomberg states that in the UK, their watches have increased in prices. But in the United States, they are not increasing yet. In the other segment of luxury brands which is the leather goods sector, they have been allegedly decreasing their quality.
Regardless, the future is uncertain for these brands as the entry level shopper can no longer afford these items.
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