Rolex Raises Prices in the US and UK Once Again

Rolex is gearing up for the looming recession with a price hike once again in the US and UK market. According to Bloomberg, the Swiss watch brand is increasing its prices by about 2.5% in both regions. The news comes after Rolex raised its prices in most markets by 3.5% last January and another 5% in the UK last September to counter the declining British pound.While prices raises are not a surprise amongst Rolex afficiandos, since typically, the luxury watchmaker announces a boost in prices once...