Watch prices are actually going up, scaring me into quickly buying two replica watches

　　The Swatch Group's mid-year financial report for 2016 was released, showing net sales of 37.16 billion Swiss francs, a year-on-year decrease of 11.4%. Operating profit was 3.53 billion Swiss francs, down 53.6% from the same period last year. Net profit (2.63 billion Swiss francs) decreased by 52.0% compared to last year (5.48 billion Swiss francs). Subsequently, Richemont Group released sales data for the first 5 months of the 2016 fiscal year. The data shows that Richemont Group's declines in Europe, the Middle East, and Japan all reached double digits 2; Richemont Group stated bluntly: considering that there are no signs of improvement in the general market environment in the short term, the decline in operating profit and net profit for the first half of the fiscal year may reach 45%.

　　The new watch sales figures from the world's two largest watch retail groups are simply disastrous! Logically speaking, when sales are poor, prices should drop, yet many friends have noticed that the currentwatch priceare slowly rising. The reason is simple: exchange rates are fluctuating, and quite drastically at that!

　　On the one hand, the renminbi has depreciated, with the exchange rate against the US dollar continuing to slide, setting consecutive record lows for 6 at the midpoint! On the other hand, the Japanese yen has risen steadily, climbing by around 20% this year. As a result, the import cost of brand-new watches for official domestic brand agents is becoming increasingly high. Meanwhile, many watches in the domestic second-hand and personal shopper markets originate from places like Hong Kong and Japan, and these exchange rate fluctuations have also affected second-hand dealers and personal shoppers.

Replica Rolex Master Collection L2.755.5.97.7 rose gold dual calendar watch

　　Therefore, during this period, prices for domestic second-hand and personal-shopper watches have continued to rise. For small-scale ordinary vendors, the reaction to exchange rate shifts is bound to be prompt and obvious. Meanwhile, official domestic brand agents can hold out for a little longer. However, because the exchange rate fluctuations have been so severe, even these brands can no longer withstand the pressure. According to recent reports, certain brands are already plotting domestic price hikes for official imports... which scared me into quickly buying tworeplica watchto calm my nerves.