Tariff Turbulence Hits Luxury Watch Market As U.S. Prices Surge
The U.S., long a dominant buyer of Swiss watches, now faces an uncertain retail climate. Brands like Patek Philippe and Cartier have already raised U.S. prices by 10–15%. Breitling nudged its prices higher by around 4.3%, while Swatch Group brands, including Omega and Tissot, followed with increases closer to 5–10%.
Retailers forecast tighter margins, with Watches of Switzerland expecting adjusted margin drops of up to 100 basis points for the fiscal year. Swiss watch exports to the U.S. plummeted 55% year-over-year in September.
WatchMaxx reports that the American dollar is really struggling against the Swiss franc right now (as of 11/21, the exchange rate is near 0.80), and it's creating huge headaches for luxury watch brands in Switzerland.
Since they pay their costs in francs but earn much of their revenue in dollars, their margins are getting squeezed. To make up for it, brands like Patek Philippe and Rolex have been raising U.S. prices, leaving American buyers facing noticeably higher price tags.
Amid rising prices, WatchMaxx continues to offer inventory priced before the tariff took effect. That includes brand-new models from top Swiss manufacturers, ready to ship from U.S. stock. Buyers looking to avoid recent hikes are moving fast on listings with pre-tariff pricing still in place. Customers turn to WatchMaxx for the best balance of affordability, authenticity, and quality in luxury watches.
Shoppers face difficult timing decisions. Some Rolex models saw a 3% increase ahead of the full tariff. Grey market demand is rising as buyers chase in-country inventory that sidesteps the new import costs.
Negotiations may reduce the 39% tariff to 15%, but nothing is final. Until then, the watch market remains volatile - and retailers like WatchMaxx, with authentic inventory already stateside, are drawing sharp interest from collectors and first-time buyers alike.
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