Trends - Rolex - Business Recorder

Rolex

Pre-owned Rolex sales boom amid Trump tariff threat

Subdial observed a 160% bump in April – far above the average 112%

Published 30 May, 2025 03:25pm

Life & Style

Swiss watchmaker Rolex debuts new model for 2025

Land-Dweller was revealed at Watches and Wonders Geneva

Published 02 Apr, 2025 02:46pm

Life & Style

Rolex begins 2025 by raising prices up to 8% on select models

Swiss luxury watchmaker Rolex began the year by raising prices of some of its most popular models after gold values...

Published 02 Jan, 2025 07:23pm

Life & Style

Rolex begins selling used watches, but at a premium

Luxury Swiss watchmaker moves into the 'certified pre-owned' market

Published 24 Sep, 2024 04:22pm

Life & Style

Prices for Rolex, Patek Philippe extend decline, down 23% over 2 years: report

Prices for Rolex, Patek Philippe and Audemars Piguet are down an overall 23% as they slipped on the secondary market...

Published 12 Jul, 2024 05:56pm

Life & Style

Starting at $2.5mn: actor Sylvester Stallone to auction rare Patek Philippe at Sotheby’s

Veteran Hollywood actor Sylvester Stallone is set to auction off 11 watches at Sotheby’s, along with a rare Patek...

Updated 07 May, 2024 04:18pm

Life & Style

Rolex’s new offerings for 2024 dominate headlines as Watches and Wonders Geneva concludes

New variations by Swiss luxury watchmaker include diamond-studded Daytona and Deepsea in 18-carat gold

Updated 15 Apr, 2024 02:53pm

Life & Style

Dubai: Sotheby’s auction of rare cars, watches surpasses $17mn

RM Sotheby’s inaugural auction in Dubai featuring rare cars and watches surpassed $17 million (Dh62 million),...

Published 14 Mar, 2024 07:29pm

Life & Style

900 luxury watches ‘go missing’ in Japan

TOKYO: Around 900 luxury watches worth almost $13 million are missing in Japan after a site renting them out folded...

Published 07 Mar, 2024 06:04pm

Life & Style

Swiss watchmaker Rolex cements place as number 1 luxury brand, sales top $10bn: report

Analysts at Morgan Stanley say market share 'unprecedented'

Published 29 Feb, 2024 04:30pm

Life & Style

Swiss luxury watch exports slow down amidst luxury glut

Buyers of luxury Swiss watches are reining in spending amid economic and geopolitical concerns following a pandemic...

Published 21 Feb, 2024 05:07pm

Life & Style

Top UK Rolex retailer cuts forecast as luxury shopping dips

Watches of Switzerland Group – the top seller of Rolex watches in the UK – cut its sales and growth forecasts,...

Published 18 Jan, 2024 06:37pm

Life & Style

Swiss luxury watchmaker Rolex raises prices in the UK, leaves rates in US unchanged

Prices rose by approximately 4% on January 1

Published 04 Jan, 2024 03:27pm

Life & Style

Rolex fined $100mn for crackdown on French online watch sales

Luxury watchmaker Rolex was fined about $100 million by France’s antitrust agency for an illegal decade-long...

Published 21 Dec, 2023 06:20pm

Life & Style

Focus: Giorgio Armani fashions his own legacy with succession plan

MILAN: Giorgio Armani has always kept a tight grip on the firm he founded, and the Italian fashion king’s attention...

Published 15 Nov, 2023 02:47pm

Life & Style

Top UK Rolex retailer plans to double sales by 2028

Watches of Switzerland, seller of Rolex, Piguet and Cartier, outlined plans to more than double its annual profits...

Published 08 Nov, 2023 03:26pm

Life & Style

Vivid blue diamond sells for nearly $44mn at Christie’s auction

GENEVA: The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8...

Published 08 Nov, 2023 01:23pm

Life & Style

Vivid blue diamond could sell for $50mn at Christie’s auction

GENEVA: The largest internally flawless fancy vivid blue diamond ever put up for auction could sell for up to $50...

Updated 03 Nov, 2023 03:16pm

Life & Style

Two Rolex Daytona’s belonging to Paul Newman sell for over $1mn each

Auction house Sotheby's confirms sales of the two timepieces belonging to the late actor and racer

Published 10 Jun, 2023 02:10pm

Life & Style

Rolex Daytona’s prices exceed expectations after company debuts new model

In a continued boon for luxury Swiss watchmaker Rolex, pre-owned Daytona models are outperforming the secondary...

Updated 25 Apr, 2023 04:51pm

Perspectives

Luxury buying continues unabated: will the trend continue?

A plummeting rupee, record-high inflation, and a tight leash on imports – all brought on by depleting foreign...

Updated 31 Mar, 2023 09:12pm

Life & Style

Paul Newman's Rolexes celebrating his racing career up for auction

NEW YORK: Two Rolexes that carried "sentimental" value for actor Paul Newman will be auctioned as part of a broad...

Published 29 Mar, 2023 01:41pm

Life & Style

Luxury Swiss watchmaker Rolex looks to accelerate production to meet rising demand

Luxury Swiss watchmaker Rolex is gearing up to create three temporary production facilities that will begin churning...

Published 14 Mar, 2023 01:18pm

Business & Finance

Investment in Rolex, Patek watches exceeds S&P gains over five years: report

Prices for luxury timepieces such as Rolex, Patek Philippe and Audemars Piguet appreciated by an average of 20% a...

Published 09 Mar, 2023 06:19pm

Life & Style

Returns on luxury Swiss watches still beat stocks and crypto: report

Returns on luxury watch purchases have exceeded those from stocks and cryptocurrencies even as prices for brands...

Published 17 Feb, 2023 04:41pm

Life & Style

Generation Z finding time for second-hand luxury watches

ZURICH: Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by...

Published 25 Jan, 2023 02:01pm

Life & Style

Fuelled by US and Qatar's demand, Swiss watch exports set new record

Swiss watch exports hit a record high in November as Americans bought luxury timepieces with demand from China...

Published 20 Dec, 2022 06:53pm

Life & Style

Luxury watchmaker Rolex to begin certifying used watches as genuine

Company says will only certify watches that have been purchased at least three years ago

Published 02 Dec, 2022 01:58pm

Business & Finance

Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown

SHANGHAI: China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based...

Published 28 Sep, 2022 01:39pm

Business & Finance

Swiss watch exports at near-record levels as industry booms

Swiss watch exports reached record levels in July with prices reaching their highest values in eight years as demand...

Published 19 Aug, 2022 09:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	283.90
USD PKR Interbank Buying / Jun 23	283.60
USD to Japanese Yen / Jun 24	144.80
USD to Swiss Franc / Jun 24	0.81
Pound Sterling to USD / Jun 24	1.36
Euro to USD / Jun 24	1.16
UK LIBOR % / Jun 24	4.96

Stock	Volume
S&P 500 / Jun 24	6,092.18
India Sensex / Jun 24	82,055.11
Tokyo Nikkei / Jun 24	38,750.47
Nasdaq / Jun 24	19,912.54
Hang Seng / Jun 24	24,348.97
FTSE 100 / Jun 24	8,758.99
Dow Jones / Jun 24	43,089.02
Germany DAX 30 / Jun 24	23,641.58
France CAC40 / Jun 24	7,615.99

Item	Value
Crude Oil USD/Barrel / Jun 24	65.31
Karachi Cotton PKR/37.32 KG / Jun 24	16,785
Gold 10 Grams PKR / Jun 24	303,810
Gold Spot USD/Ounce / Jun 24	3,330.88
Cotton US¢/pound / Jun 24	68.01
Petrol/Litre / Jun 25	258.43
Diesel/Litre / Jun 25	262.59

Gainers
Losers
Leaders

Stock	Price
First Treet Manuf / Jun 25 First Treet Manufacturing Modaraba(FTMM)	6.95 ▲ 1 (16.81%)
First Tri-Star Mod. / Jun 25 First Tri-Star Modaraba(FTSM)	15.50 ▲ 1.99 (14.73%)
First IBL Mod. / Jun 25 First IBL Modaraba(FIBLM)	4.73 ▲ 0.59 (14.25%)
Pak Agro Pack. (GEM) / Jun 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	10.40 ▲ 1.15 (12.43%)
Redco Textile / Jun 25 Redco Textiles Limited(REDCO)	28.89 ▲ 3.09 (11.98%)
Tariq Corp.Pref. / Jun 25 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.92 ▲ 0.91 (11.36%)
MACPAC Films / Jun 25 MACPAC Films Limited(MACFL)	38.91 ▲ 3.54 (10.01%)
First Elite Cap.Mod / Jun 25 First Elite Capital Modaraba(FECM)	44.63 ▲ 4.06 (10.01%)
PIA Holding Co.B / Jun 25 PIA Holding Company Limited B(PIAHCLB)	12,146.50 ▲ 1104.2 (10%)
Karam Ceramics / Jun 25 Karam Ceramics Limited(KCL)	80.83 ▲ 7.35 (10%)

Stock	Price
Universal Ins. / Jun 25 The Universal Insurance Company Limited(UVIC)	9.05 ▼ -1.65 (-15.42%)
HBL Total Tre. ETF / Jun 25 HBL Total Treasury ETF(HBLTETF)	103.09 ▼ -16.41 (-13.73%)
LSE Financial Serv. / Jun 25 LSE Financial Services Limited(LSEFSL)	29.69 ▼ -3.8 (-11.35%)
Nets Internat.Comm. / Jun 25 Nets International Communication Limited(GEMNETS)	29.90 ▼ -3.31 (-9.97%)
Premier Sugar / Jun 25 The Premier Sugar Mills(PMRS)	272.75 ▼ -25.75 (-8.63%)
Pak. P.V.C. / Jun 25 Pakistan PVC Limited(PPVC)	9.01 ▼ -0.77 (-7.87%)
Reliance Ins. / Jun 25 Reliance Insurance Company Limited(RICL)	9.10 ▼ -0.7 (-7.14%)
Tri-Star Power / Jun 25 Tri-Star Power Limited(TSPL)	6.32 ▼ -0.47 (-6.92%)
Shaheen Ins. / Jun 25 Shaheen Insurance Company Limited(SHNI)	5.52 ▼ -0.38 (-6.44%)
Pak Gulf Leasing / Jun 25 Pak-Gulf Leasing Company Limited(PGLC)	21.51 ▼ -1.39 (-6.07%)

Stock	Volume
Secure Logistics / Jun 25 Secure Logistics Group Limited(SLGL)	6,805,700 ▲ 1.17
WorldCall Telecom / Jun 25 Worldcall Telecom Limited(WTL)	5,153,454 ▲ 0.04
PIA Holding Co.Ltd / Jun 25 PIA Holding Company Limited(PIAHCLA)	3,482,710 ▲ 0.28
Bankislami Pak. / Jun 25 BankIslami Pakistan Limited(BIPL)	3,154,338 ▲ 1.78
Pak Elektron / Jun 25 Pak Elektron Limited(PAEL)	2,895,185 ▲ 1.64
Dewan Farooque Sp. / Jun 25 Dewan Farooque Spinning Mills Limited(DFSM)	2,804,046 ▲ 0.38
Maple Leaf Cement / Jun 25 Maple Leaf Cement Factory Limited(MLCF)	2,703,845 ▲ 0.84
Pak Refinery / Jun 25 Pakistan Refinery Limited(PRL)	2,701,261 ▲ 0.17
Bunnys Limited / Jun 25 Bunnys Limited(BNL)	2,445,114 ▲ 6.7
Dewan Cement / Jun 25 Dewan Cement Limited(DCL)	2,294,391 ▲ 0.46

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