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Rolex Hikes Watch Prices by 5 Percent in UK as Sterling Slides

Rolex Hikes Watch Prices by 5 Percent in UK as Sterling Slides

Rolex raised prices for its watches in the UK after the value of the pound fell against the US dollar to near the lowest level in more than three decades.

The largest Swiss luxury watch brand increased the price of its watches sold in Britain by an average of 5 percent on Sept. 1, a company spokesperson confirmed.

The price hike, first reported by trade publication WatchPro, follows a slide in the value of the British pound against the US…


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