I would be curious to know if there are any certified Rolex watchmakers who are members here.
I was recently at a master Swiss watchmaker's workshop in Vermont (Churchill's neighbor and friend) and he showed me a sophisticated device used for regulating high-end quartz movements. You actually reprogram the movement as there are no mechanical adjustments like you'd would expect. Perhaps Patek uses a similar movement, and if so, that could account for the silly price for service.
I always thought quartz movements would be cheaper to toss and replace as opposed to repair and regulate.
Several years ago I was at SCI with one of my best customers and we stopped at a jewelers booth. My friend bought a new bezel for his Rolex for something like $1400. When I asked if they had one to fit my Timex I thought I was going to be shot...the look I got was deadly!!
Tf
Sam, my thoughts exactly, the watch has trebled in price over about ten years, in fact that exact model is no longer available, but exactly how much is the quarts movement in it, ok, it's at the top end of quarts movements, I expect there is such a thing but for £650 a service, it's more economical for Patek I would think to chuck it and replace it with a new movement....job done for a small fraction of that price and a much bigger profit with the service.
Phil
There used to a Timex plant here in Abilene, TX if your watch quit working you could send it in for repairs for 50 cents and that included return shipping. They closed and moved overseas, cheaper labor and no more 50 cent repairs.My grandpa used to fish with a multi-millionaire down in Florida. He could afford any watch he would want to own. He wore Timex watches. When they quit, he's toss it into the ocean and buy a new one.
Well Neal, I didn't chuck it in the ocean but after that I did upgrade...to a Casio.
And I've heard that now you must have a certified Rolex watchmaker in-house to qualify as a dealer.
Tim: In addition to training, I heard some numbers being tossed around like $100K+ to equip a workshop (workbench?) with proper gear to receive Rolex's blessing and repair certification. Most people can't afford that so only the high end stores that carry Rolex can swing it. And I've heard that now you must have a certified Rolex watchmaker in-house to qualify as a dealer. Not sure how accurate this info is but it's what I've heard in my travels working international jewelry shows.
It came back with water spots all over the dial which were not removable and when he brought it back to them, they claimed they couldn't see them. They refused to warranty their work. As far as I'm concerned, they owe him a dial. I don't know, maybe you can see it?