Archive for the ‘Watch Education’ Category

Rolex Mercedes Hand

Friday, September 16th, 2011

We’ve said it many times – watches and cars share a special relationship.

Breitling and Bentley

Panerai and Ferrari

Corum and Rolls Royce

And what about Rolex and Mercedes?

Rolex GMT Master II

As you’ll notice, the Rolex sport models (Submariner, SeaDweller, GMT Master II, etc.) have an hour hand with a Mercedes logo at the end.  Well, not so fast.  That’s not actually a Mercedes logo (well, it is, but it’s not supposed to be).  It’s actually a three pointed star (Rising Star) with each point representing the three modes of transport: land, air, and sea.  According to KeepTheTime, “Its purpose is to hold the lume component of the watch and provide visibility of the hour hand when it is overlapped by the minute hand.”

Regardless…if Rolex WAS to partner up with a car manufacturer, Mercedes would be a logical fit.  Don’t you think?,

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Rumors of More Price Increases for Cartier and Panerai

Tuesday, September 13th, 2011

When it comes to luxury watches, price increases seem to be a fact of life.  It’s not surprising to hear rumors that Cartier and Panerai are considering price hikes in the near future.  What is surprising is that they’ve already raised prices this year – Cartier’s prices were just increased in July!

Now these are still just rumors, but we’ve heard them from multiple credible sources.

Have you heard anything?!?!

The good news is that all of these price increases make buying pre-owned more attractive.  You can save real dollars.

Check out our selection of pre-owned Cartier and Panerai.

Panerai Radiomir Black Seal

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Swatch Dumps Tiffany

Monday, September 12th, 2011

Swatch dumps Tiffany

“I think we’re alone now.  There doesn’t seem to be anyone around.”

When it comes to watches, that’s what the Tiffany executives will be singing for the foreseeable future.

Back in 2007, luxury jeweler Tiffany entered into a joint agreement with Swatch Group.  According to the Swatch Group website, the agreement was a “strategic alliance to further the development, production and worldwide distribution of Tiffany & Co. brand watches. Under the agreement, the new watch company, known as Tiffany Watch Co. Ltd and wholly owned by Swatch Group, will design and manufacture in Switzerland a complete range of high-end luxury watches.”

In other words, Swatch makes watches for Tiffany.  Swatch pays Tiffany royalties for the use of the brand.  Unfortunately, the relationship appears to be over.  According to the Wall Street Journal, “The world’s largest watchmaker said the long-term partnership was being terminated following Tiffany & Co.’s systematic efforts to block and delay development of the business.”

Of course, Tiffany had a few parting shots: “Despite assurances to contrary made in 2007, Swatch has failed to provide appropriate distribution for Tiffany & Co. brand watches, with the result that our current business forecasts do not include any meaningful increase in watch sales or royalty income.”

The relationship was set to last 20 years with an option for another 10.

A couple of interesting questions to ask:

1. Will any of the Swatch-made Tiffany watches become collectors’ items?

2. Are there good examples of jewelers successfully entering the watch world?  There are probably a few success stories, however, my feeling is that watches tend to be a bit more male-centric, making it difficult for jewelers to make a huge splash.

Tiffany is now single.  It will be interesting to see if any new kids on the watch block will be interested in courting her.

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Peace of Mind

Tuesday, September 6th, 2011

“Buy the retailer first and the watch second.”  We’ve heard some version of that phrase several times.  It makes sense.  When you’re buying a luxury watch, it makes a lot of sense to buy it from a retailer that you trust.  Why roll the dice to save a couple hundred dollars?  It’s just not worth it.

From time to time customers will ask us, “How do I know that I can trust eRelyx?”  It’s a perfectly legitimate question.  Here are a few things to give you peace of mind.

1. We’re not trying to hide who we are.  We’re happy to share our pictures & backgrounds on our About Us page.

2. We  work with many well-established jewelers (both brick & mortar and online).  We know them, they know us.  We’re happy to provide you with a reference.

3. We answer the phone.  If you call us between 9am-6pm M-F, we’ll answer your call.  (If we’re in a meeting or out to a team lunch, leave us a message – we will call you back).

4. We have an active social media presence.  Feel free to check us out on Facebook.

5. We are endorsed by iW Magazine – the world’s only monthly watch publication for both the trade and enthusiasts.

6. We have a growing number of positive reviews from our customers – feel free to go to Google and check us out.

eRelyx Reviews

7. We have a world class board of advisors – it is unlikely that such impressive, high profile individuals would be willing to advise a company unless it was trustworthy.  See their profiles on our About Us page.

8. If you’re local and would like to meet us, we’re happy to set up an appointment.

Hopefully you’re convinced.  If not, feel free to give us a call or email us.  We’ll see what we can do!  617-536-1900 or contact@erelyx.com

Thank you.

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Patek Philippe Extract From the Archives

Wednesday, August 17th, 2011

Are you considering buying a pre-owned Patek Philippe without paperwork (certificate of authenticity)?  Do you own a Patek Philippe for which you misplaced the paperwork?

All is not lost.  Patek Philippe allows you to request an “Extract from the Archives.”  All you need to do is fill out an online form with a few watch details and send them 100 Swiss Francs.  After 4-8 weeks, they will send you a document indicating when your watch was made, when it was sold, and a few other details specific to the watch.  While they tell you that it’s not meant as a certificate of authenticity, Patek Philippe will not send you an Extract if the watch details that you submitted don’t match up.

Rather than write about it, check out this short video.  And if you want to order an extract, visit the Patek Philippe Extract From the Archives page.

pre-owned and used luxury watches

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My Rolex Watch is Running Fast / Slow

Friday, July 29th, 2011

Rolex Milgauss on eRelyx

A few people have asked us what to do if their watch is running fast / slow.

It is not uncommon for a watch to run fast or slow.  In fact, most watch manufacturers have a 30-45 seconds per week tolerance level.  In other words, as long as the watch is not gaining or losing more than 45 seconds per week, it passes their inspection.

Of course, some watch owners want the time to be perfect.  We picked up this tidbit from Qualitytyme.net:

Is there anything I can do to make my watch run a few seconds fast/slow each day?

“If your watch is off a few seconds per day (fast or slow) you can regulate it depending on the position you leave the watch at night when you’re not wearing it, as follows:

By leaving the watch’s dial (or face) up can cause it to gain (or run fast) upto a few seconds per day. On the other hand, by leaving the watch’s dial (or face) down can cause it to lose (or run slow) upto a few seconds per day.”

At least one of our readers has tested this method successfully.  Give it a shot – it certainly won’t hurt the watch.

The QualityTyme website also a few other answers to FAQs about Rolex watches:

What is an SEL?

Solid End Links (or SEL) refers to the final link on select modern Rolex bracelets. On these SEL bracelets, the final link is made from a solid piece of metal where the bracelet attaches to the watch’s case (or head). This new design makes for a stronger bracelet and a cleaner look. On older bracelets, they utilized a hollow end piece to attach the bracelet to the watch’s case.

Why is the Day-Date sometimes called a “President”?

Actually, Rolex has never referred to the Day-Date watch as a “President”. However, the BRACELET we are used to seeing on the Day-Date is known as a President, since one was fitted to President Dwight D. Eisenhower’s watch during a service overhaul in 1956 — the same year the Day-Date was first introduced.

And as a little known trivia fact, President Eisenhower’s watch wasn’t even a Day-Date… it was an 18kt Datejust given to him by Rolex in 1946 to celebrate the WWII victory — and Winston Churchill was also given one at the same time.

How often should I have my Rolex serviced?

It is recommended to have your watch overhauled every 5 years. By having your watch serviced regularly you will reduce the chances of needing any serious (and costly) repairs.

What is the difference between a ‘Chronometer’ and a ‘Chronograph’?

This is a very common question since people often confuse the two. While their names may sound similar, these terms have very little in common.

Chronometer is the term used to describe a highly-precise timepiece which, after rigorous testing, has received an official timing certificate from the official Swiss timing bureau Controle Officiel Suisse des Chronometres (COSC). Thus, it is a rating or accolade given for the watch’s accuracy.

A chronograph on the other hand is a timepiece that, in addition to the normal time telling functions, also performs a seperate time measuring function such as a stop watch — with a seperate seconds hand which can be started, stopped and reset to zero, via push-buttons on the side of the case. Please do not confuse ‘chronographs’ with ‘complications’ (which are described below). While all chronographs can be considered complications, not all complications are in fact chronographs.

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Insuring Your Luxury Watch

Thursday, July 28th, 2011

A few of you have asked us about insuring your luxury watch.  We definitely recommend it!  There’s nothing worse than losing your Rolex Submariner (well, losing an A. Lange & Sohne Tourbillon would be worse) and plunking down $4500-$8000 to replace it.

Rather than write the “insurance blog” myself, I asked a friend in the insurance business to pull something together.  Here’s what he had to say:

It’s simple – we all love watches.

What isn’t so simple is protecting your investment.

It’s common knowledge that (for example) a Rolex, Breitling or Cartier watch is expensive. Another similarity is that they are small (well, maybe not that small in the case of some Breitlings…). Both of these factors vastly increase the chance of your watch being lost or stolen.

Unless you can sleep easy with the chance of losing out on as much as $25k: Insurance is the answer. An insurance policy is a great way to transfer risk if your watch is ever lost or stolen. There are a few ways that this is accomplished but the most important thing you want to confirm is that your watch is either scheduled, itemized or blanketed on your homeowners policy. This can also be purchased on a policy called a personal articles floater. These policy options offer more expanded coverage definitions compared to merely including it within your personal property limit. Another bonus is that in the event of a claim, no deductible applies.

The insurance minutia can be confusing so it is important to consult with a licensed insurance agent when setting up the policy. Some of the key factors to look into are:

Scheduling vs. Blanketing
If blanketed make sure the per item limit is adequate
Using agreed value
Updated appraisals (watch values can appreciate!)

You may ask, why specifically have this listed on the policy? Well, the more details the better – in the event of a loss you want the details specifically defined because there is a big difference between steel and 18k gold.

Hindsight is always 20/20 so remember that it is much easier to write the check for the annual insurance policy versus writing the check to replace your favorite Rolex Daytona…

Please contact Chip Gibson with any questions or if you would like a quote.

cgibsonjr@delandgibson.com
781-237-1515

http://www.delandgibsonins.com/

eRelyx

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How old is my IWC Watch?

Tuesday, July 26th, 2011

Lose the paperwork to your IWC watch?  Want to know when the watch was produced?  Well, here’s your solution (all you’ll need is your case number or movement number):  There is a site called DateYourIWC.  Click on this Date Your IWC link to give it a try.  We found the Applet link to be the easiest option.  We can’t guarantee its accuracy, but it seemed to work for our IWC watches (we confirmed with our paperwork) and we found the original link on the IWC website.

We hope you find it helpful!  While you’re here, please check out the IWC watches on eRelyx.

IWC Portuguese Chronograph

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eRelyx Reviews – Used and Pre-owned Luxury Watches

Tuesday, July 26th, 2011

eRelyx Reviews

We recently noticed that several people were getting to the eRelyx website by googling “eRelyx Review.”  As a relatively new business, we don’t have formal reviews on Yelp, CitySearch, or Insider Pages.  We hope to build up those third-party reviews soon!  Customer service is extremely important to us!  Everyone should feel comfortable calling (617-536-1900) or emailing us (contact@erelyx.com) with any questions.

In the meantime, here are some reviews from our customers.  They can also be found on our About Us page.

Alli: “The eRelyx team helped me pick out a great Panerai watch for my husband – he loves it!  The process was very easy and the team at eRelyx was friendly and responsive.  I highly recommend them!”

Aydin: “Thanks again for all of your assistance throughout this process – you’ve been incredibly helpful and have saved us a lot of money!!!!”

Cindy: “I love my new Cartier Tank!  It is in perfect condition, and eRelyx was incredibly easy to do business with.  I highly recommend eRelyx.”

Elizabeth: “I had such a great experience purchasing my Cartier Tank watch through Greg.  He was incredibly patient with me and answered all of my questions in a very low-pressure way.  I absolutely love the watch and am so glad that I went through with the purchase!  Greg really knows his stuff and I trusted him at every step of the way.”

Bob: “Excellent Customer Service and Attention to Detail, especially for a relatively inexpensive watch. I’ll be in the market for a pre-owned Rolex in the next few months, and I’ll definitely keep eRelyx in mind.”

Julia: “There isn’t much that Greg doesn’t know about watches.  He understood exactly what I was looking for and helped guide me through each step of the purchase process.  He even went out of his way to make sure that I received the watch by Christmas given a relatively tight turnaround time.  I highly recommend making any purchase through eRelyx!”

Daniel: “I’m so happy I used eRelyx to purchase my watch. Carrie helped me through the entire process, answered all my questions and even hand delivered my watch to me. They not only got me a great price on my Omega but they had incredible customer service as well.”

Michael: “Greg not only knows watches, he knows service and has effectively transformed online watch shopping from a transaction to an experience, and I ended up with a great watch!”

John: “All about customer service and customer satisfaction.  Greg went above and beyond to help me find the perfect IWC watch.  I am absolutely amazed with Greg’s knowledge of watches and even more impressed with his sound advice and countless emails and phone calls to make sure I was happy with my purchase.  In addition to the best-in-class service, eRelyx helped me get an incredible deal on my watch.”

Addison: “I love the watch. So much better than expected, and I had high expectations. I’m a [pre-owned] convert.”

Elizabeth: “Greg walked me through the entire process of purchasing a watch for my husband for our first wedding anniversary. From providing preliminary information about brands and watches in different price ranges, explaining the pros and cons of purchasing new or pre-owned, and sharing his personal opinions about various watch features, Greg’s quality customer service made an overwhelming process easy and fun! Greg jumped through hoops to get the watch to me in time for our anniversary trip. I could not possibly have picked out such a great watch without him, and my husband is thrilled with his gift! I can’t say enough good things about eRelyx’s customer service!”

Stephen: “I must say I am truly impressed. [eRelyx has] gone above and beyond any retailer I have ever done business with. I appreciate the extra effort, gifts and personal attention to detail!!!!”

Learn more about the eRelyx Team on the ‘About Us’ page.

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Panerai Info

Wednesday, July 20th, 2011

Want to know what year a particular Panerai watch was produced?  Here’s a handy guide!  And please check out our selection of beautiful pre-owned Panerai watches.

Panerai watch information

M – 2010

L – 2009

K – 2008

J – 2007

I – 2006

H – 2005

G – 2004

F – 2003

E – 2002

D – 2001

C – 2000

B – 1999

A – 1998

No Letter – 1997

For more information about Panerai watches, check out the following great websites:

Panerai

Paneristi

Panerai Source

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