Patek Philippe Confirms It Raised Watch Prices

[PinkDiamond]

With the price of everything going up, Patak Philippe isn't the only company raising prices on their watches, and everything else for that matter so no surprise here in this brief article on Patak Philippe's price increase. Their main issue is with the amount the increase is reported to be.

Patek Philippe Confirms It Raised Watch Prices
By Rob Bates | February 08, 2024



"Patek Philippe has confirmed that it raised prices on its watches worldwide—but disagreed with a Bloomberg report that pegged the average increase at 7%.

“We do not confirm the percentage mentioned by Bloomberg,” says a Patek spokesperson. “The percentage of increase varies per market. As we are an independent, family-owned company, we do not communicate any further specifics.”

The price hikes began Feb. 1.

The news service said it had calculated the percentage based on prices on Patek Philippe’s website.

Given the general slowdown in the watch market, other brands seem to be playing it safe. For instance, ... "
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