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