Many jewelry buyers use this means to protect their capital against certain events such as inflation and currency devaluation. Many pieces can maintain their value not only materially, but add rarity or collector’s value.
However, there is another piece that maintains this quality: luxury watches. The biggest watch brands in the world own unique pieces whose value only increases with time as they become rarer and their demand grows.
However, unlike other pieces of jewelry, time does affect watches. Eventually, their continued use or even keeping them running will require maintenance, or in extreme cases, repair.
Since these pieces are quite expensive, repairing a luxury watch can bring up a lot of concerns: Will repair reduce its cost?, is the repair service too expensive?, and where should I repair it? These are some of the questions that arise and that we will answer in this article.
Where Should I Repair A Luxury Watch?
If you are one of those people who never leave home without wearing your watch, we have bad news for you: You may have to spend some time at home watching TV, reading a book, or playing at an online casino like NetBet online casino. Repairing a luxury watch not only takes time, but it will also take time to find the right person to do it.
Some maintenance is simple: changing the straps or batteries of the watch can be done by the owner himself if he is careful enough and manages to get the parts. However, in case of more complicated repairs, specialized watchmaking tools are needed.
The first place to look for information is at the jewelry store where the watch was purchased. These usually offer watch maintenance services and at the same time have the necessary contacts to obtain the original parts in case they need to be replaced.
At the same time, we can also go to an expert watch repair service: several watchmakers have the tools and the necessary knowledge to be able to leave our acquisition as new.
However, the recommendation is to go to a store of the brand we want to repair. Rolex, Patek Philippe, Omega, and many others have their brand stores. There we will find experienced watchmakers who will know how to solve any problem with the watch.
Is It Very Expensive?
Although it is not as expensive as buying a new watch, repairing this type of luxury watch is still expensive. It all depends on the problem, the parts to be repaired, and the brand of the watch itself.
An example could be the repair costs of a Patek Phillipe: repairing a manual winding can cost around 900 USD, replacing a quartz 600 USD, a battery change 130 USD, and repairing a perpetual calendar around 2300 USD.
Finally, Does Repairing A Luxury Watch Decrease Its Value?
Due to the rarity of these parts and the desire of many collectors, their price is usually maintained even after repairs. However, these should be done by experts who can ensure their functionality and the originality of the used parts.
This only assures us something already obvious: owning luxury watches is one of the best investment options since their value will keep rising over time.