A group of watch experts got together and did some math based on some
publicly available information in order to either validate or
invalidate Rolex's claim that it takes a year to make a Rolex that
Rolex uses in their advertising.
This group determined that Rolex produces nearly 1,000,000 watches per year. 800,000 of those watches are recorded by the COSC. Rolex also produces pieces that are not certified by the COSC.
Rolex publicly claims to have approximately 5,000 employees.
Watch experts know from figures released by other mass producers of watches that approximately 2/3 of employees of watch companies work in the production of the watches.
This means that approximately 3,000 employees are producing nearly 1,000,000 Rolex watches per year.
Each of these employees is not a watchmaker. Many are involved in running machines that produce massive quantities of components and watch cases, etc. Take into account that people typically only work 5 days a week and also have a couple of weeks of vacation time and also have sick time and holidays off of work and you come up with 1,000,000 watches per approximately 240 days. So that means that Rolex is churning out something like 4100 watches per day. Every day of the work week.
Rolex watches are not rare. They are mass produced and very overpriced for what they are. And here is a news flash. The stainless steel that they use is no better than the steel that anybody else uses. And the brass that is used in making the movements is very inexpensive. Rolex mass produces probably more watches than those who make the replicas of the Submariners that sell for $50.00. And the materials cost probably very, very similar amounts. What do you think the markup is on a $5,000.00 Rolex with a stainless steel case from pure manufacturing cost? It is enormous!
Many other high end Swiss brands follow similar business models.
Hope this helps.
---------------------
Best watch brands...
Wilsdorf
Patek Philippe
Becsei
Vacheron Constantin
Loth
Feigenbaum
FP Journe
Breitling
Rolex
Kaiser
TAG Heuer
Chopard
Rollie
Berard
Schneider
Sirmakes
Hayek
Biver
Movado
Breguet
Zenith
Viot
Hess
Dowling
Barrouh
Daniels
Levesque
Miarecki
Kaprielian
Krone
Cartier
Voutilainen
Trapani
Tissot
Tutima
Krone
Kobold
RGM
Montres Allison
Scheufele
Montana
Grand Seiko
Franck Muller
Omega
Cedric Johner
Lederer
Maingot
Levesque
Arabo
Babin
Schneider
Wibmer
Thomke
Thiebaud
Arabo
Babin
Barouh
Becsei
Bennahmias
Berard
Bernheim
Childers
Cinette
Daniels
De Sole
Dowling
Ei8htohms
Feigenbaum
Ficklin
Heiniger
Hess
Kaiser
Kaprielian
Krone
Lederer
Levesque
Lititz
Maingot
Miarecki
Montres Allison
Nataf
Odets
Pennsylvania
Perrin
Perroulaz
Rollie
Scheufele
Schneider
Sirmakes
Thiebaud
Thomke
Trapani
Viot
Voutilainen
Wibmer
Wilsdorf
Zemer
Zenith
------------
Sure there are many others, but these are very good watches.
This group determined that Rolex produces nearly 1,000,000 watches per year. 800,000 of those watches are recorded by the COSC. Rolex also produces pieces that are not certified by the COSC.
Rolex publicly claims to have approximately 5,000 employees.
Watch experts know from figures released by other mass producers of watches that approximately 2/3 of employees of watch companies work in the production of the watches.
This means that approximately 3,000 employees are producing nearly 1,000,000 Rolex watches per year.
Each of these employees is not a watchmaker. Many are involved in running machines that produce massive quantities of components and watch cases, etc. Take into account that people typically only work 5 days a week and also have a couple of weeks of vacation time and also have sick time and holidays off of work and you come up with 1,000,000 watches per approximately 240 days. So that means that Rolex is churning out something like 4100 watches per day. Every day of the work week.
Rolex watches are not rare. They are mass produced and very overpriced for what they are. And here is a news flash. The stainless steel that they use is no better than the steel that anybody else uses. And the brass that is used in making the movements is very inexpensive. Rolex mass produces probably more watches than those who make the replicas of the Submariners that sell for $50.00. And the materials cost probably very, very similar amounts. What do you think the markup is on a $5,000.00 Rolex with a stainless steel case from pure manufacturing cost? It is enormous!
Many other high end Swiss brands follow similar business models.
Hope this helps.
---------------------
Best watch brands...
Wilsdorf
Patek Philippe
Becsei
Vacheron Constantin
Loth
Feigenbaum
FP Journe
Breitling
Rolex
Kaiser
TAG Heuer
Chopard
Rollie
Berard
Schneider
Sirmakes
Hayek
Biver
Movado
Breguet
Zenith
Viot
Hess
Dowling
Barrouh
Daniels
Levesque
Miarecki
Kaprielian
Krone
Cartier
Voutilainen
Trapani
Tissot
Tutima
Krone
Kobold
RGM
Montres Allison
Scheufele
Montana
Grand Seiko
Franck Muller
Omega
Cedric Johner
Lederer
Maingot
Levesque
Arabo
Babin
Schneider
Wibmer
Thomke
Thiebaud
Arabo
Babin
Barouh
Becsei
Bennahmias
Berard
Bernheim
Childers
Cinette
Daniels
De Sole
Dowling
Ei8htohms
Feigenbaum
Ficklin
Heiniger
Hess
Kaiser
Kaprielian
Krone
Lederer
Levesque
Lititz
Maingot
Miarecki
Montres Allison
Nataf
Odets
Pennsylvania
Perrin
Perroulaz
Rollie
Scheufele
Schneider
Sirmakes
Thiebaud
Thomke
Trapani
Viot
Voutilainen
Wibmer
Wilsdorf
Zemer
Zenith
------------
Sure there are many others, but these are very good watches.
Guide created: 10/07/05 (updated 10/28/09)


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