Headlines

Rolex, Patek Philippe Postpone New Releases Indefinitely Due to COVID-19

The delays reportedly could last through the end of the year.

Published

4 years ago

April 9, 2020

INSTORE Staff

Both Rolex and Patek Philippe are holding off on the release of new products for now due to the COVID-19 pandemic, according to the Robb Report.

In both cases, the delays reportedly could last through the end of the year.

Rolex had planned to unveil new products at the end of the April, given the cancellation of Baselworld, which had been scheduled for March.

At this point, “we have not currently identified new timing for our releases,” the company was quoted stating.

“Our priority at this time is to stand by the people with whom we work and to bring help and support in the best way possible.”

The Robb Report explains that Patek Philipp has not made a formal statement.

Whether the brands decide to release their new products at Baseworld 2021 or in some other format could determine whether the troubled trade show survives, the website notes.

Both Rolex and Patek Philippe have temporarily shut down manufacturing operating in response to the pandemic.

Read more at the Robb Report

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

click to Comment(Comment)

Up Next

3 Charged in Violent Robbery That Left Connecticut Jeweler Dead

Don't Miss

James Avery Furloughs 2,000+ Employees Due to COVID-19 Pandemic

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”