By Staff 5:44 am PST

It is the last quarter of the year, and the market continues to shift across many industries including fashion and beauty. The prices of fashion accessories, particularly watches, are fluctuating. While some people will blame this trend on the general laws of seasonal supply and demand, it is also important to consider the administrative and marketing strategies of the companies in question.

Watches are an integral part of our attire. Alongside other fashion accessories, they contribute an element of class and glamour to a completed ensemble. Towards the end of the third quarter of this year, the prices of some top-echelon brands of watches plummeted. One of these brands was Patek Philippe. The Patek Philippe company was founded in 1839 by Antoni Patek and Adrien Phillipe. According to research by WatchCharts, the price of the Patek Phillipe Watch fell by 8%.

Likewise, Rolex, a leading watch brand established in 1905, also experienced a corresponding 8% drop in the unit price of its product. This price fall was recorded in the secondary market all through the third quarter of this year. One of the major causes of the downturn in Rolex’s prices was the discontinuation in manufacturing some of their models, including the Oyster family.

The Audemars Piguet, another prominent watch brand established in 1875, also experienced a price fall in the third quarter. In September, the company recorded a 26.91% price fall, particularly in its Royal Oak collection. The fall in price left a margin of $18,600 as it now sells for $50,500.

As mentioned earlier, the laws of supply and demand affect these big brands. While drops in prices may bring financial consequences for the companies, consumers who love the products from these brands will continue to buy them.

Meanwhile, it is important to note that other brand products have been experiencing price increases. An example of such a brand is Bulgari. Bulgari is a fashion accessory brand established in 1884. During the third quarter of the year, the prices of their product rose by 1% on average. Other brands that experienced such an increase in the third quarter of 2022 include Lange & Shanne, established in 1845, and Girard-Perregaux, established in 1791.

This information can be useful when buying units or bulk of any of the brands mentioned in this post.