Latest news with #RolexOysterPerpetual
Bangkok Post
11-07-2025
- Bangkok Post
Retired man loses nearly B50,000 in luxury watch auction scam
NONTHABURI - A 65-year-old pensioner has lost 48,100 baht after falling victim to a fake luxury watch auction on Facebook, with police now investigating the online fraud scheme. Mr Nithikarn, the victim, filed a complaint with Pak Kret Police Station on Thursday following his experience with the fraudulent Facebook page "24 Ticker", which presented itself as a legitimate platform for auctioning second-hand branded watches. On July 4, Mr Nithikarn participated in an auction for a used Rolex Oyster Perpetual watch with a starting price of 29,000 baht. Multiple users appeared to bid, with prices rising to 47,000 baht before Mr Nithikarn placed the winning bid of 48,000 baht just before the 2pm deadline. The page administrator then contacted him requesting payment of 48,000 baht plus 100 baht delivery fee. Confident in the page's authenticity due to apparent bidder participation and absence of negative comments, Mr Nithikarn transferred 48,100 baht to a Bangkok Bank account under the name Thawatchai. The fraud became apparent when a purported insurance company demanded an additional 9,999 baht as shipping insurance – a requirement not mentioned in the original auction terms. When Mr Nithikarn refused and requested a refund, the fraudsters blocked all communication channels. Mr Nithikarn now believes the operation involved accomplices who participated in fake bidding to establish credibility. He has warned other online shoppers to exercise extreme caution when purchasing high-value branded items through social media platforms, recommending physical store visits instead. Police have identified the recipient bank account and are proceeding with freezing procedures whilst preparing to issue a summons for the account holder.
Fashion Value Chain
10-07-2025
- Business
- Fashion Value Chain
How Bold Colours Revitalise Swiss Watchmaking
Dr Vidhu Sekhar P Swiss watchmaking, synonymous with tradition, precision, and understated elegance, has been undergoing a bold transformation. In recent years, they have introduced vibrant colours as a strategy to add new buyers and stimulate their image in a quickly evolving luxury market. This colourful revolution highlights how it brings creativity, attracts younger audiences, and ensures the timeless relevance of Swiss horology. Historically, Swiss watches have been dominated by classic tones in black, white, silver, and gold that reflects a conventional approach to design. However, 2025 marks a turning point where watchmakers are confidently experimenting with deep blues, radiant silvers, Charcoal grey, and even unconventional hues like pink, orange, and green colour. This departure from neutrality is not merely an aesthetic choice but a strategic move to stand out in a crowded luxury market. Bold colours immediately draw attention, making watches more visible and memorable in showcases and on wrists. Consumers, especially younger buyers, seek products that reflect their unique personalities. Vibrant dials offer a new canvas for self-expression. By blending tradition with contemporary style, Swiss brands demonstrate adaptability and innovation, appealing to both loyal collectors and first-time buyers. The adoption of bold colours is particularly effective in attracting Millennials and Generation Z, demographics that value creativity, diversity, and authenticity in luxury goods. These younger consumers stay away from the status quo and more drawn to brands that challenge conventions and offer fresh, exciting offers. Colours like turquoise, coral red, and vibrant yellow inject a sense of playfulness and optimism into watch collections that resonates with the preference of the younger generation. Eye-catching designs are more likely to be shared and celebrated on social platforms, amplifying brand visibility and desirability among tech-savvy audiences. A broader palette allows for a wider range of personal styles, making luxury watches accessible to a more diverse customer. The bold colour trend is not just a fleeting fashion statement. It has the power to drive tangible business results. Luxury-watch brands report increased engagement and renewed interest, even as the overall market faces challenges such as economic uncertainty and competition from smartwatches. Two iconic timepieces stand out. The Rolex Oyster Perpetual in Coral Red, a modern classic for all, and the Omega Seamaster Diver 300M in blue, a fresh take on a legendary design. While coloured watches still represent a small percentage of total sales, their impact on brand image and consumer excitement is disproportionately large. They serve as conversation starters, drive store traffic, and often become coveted limited editions that fuel demand and collectability. The use of bold colours by Swiss watchmakers is a positive and forward-thinking evolution. Swiss brands are not only preserving their legacy but also ensuring their continued relevance in the dynamic world of luxury goods. The vibrant revolution in Swiss watchmaking is proof that even the most traditional crafts can scale up through innovation and a splash of colour. (Author is Assistant Professor at National Institute of Fashion Technology, Ministry of Textiles, Govt. of India)
CTV News
01-05-2025
- CTV News
$50,000 worth of jewelry stolen during St. Catharines house party: police
Niagara Regional Police say roughly $50,000 worth of jewlery was stolen during a house party in St. Catharines. (Niagara Regional Police Service) High-end Rolex and Cartier watches are among the $50,000 worth of jewelry police say was stolen from a St. Catharines residence during a house party earlier this year. In a news release, police say officers were called on April 10 to a home near Read and Lakeshore roads for a report of a theft. Investigators say the complainant had just returned home from out of the country when they discovered several pieces of jewelry were missing. Police said investigators determined that a family member of the complaint had hosted a party at the house on Feb. 22, which was attended by 'several youths' aged 16 to 18. 'It is believed the theft occurred during that event. The total value of the stolen jewelry is estimated at approximately $50,000,' police said. Several of the items stolen hold 'deep sentimental' value to the complainant, according to police. Images released by investigators show that several watches, including a Rolex Oyster Perpetual and Cartier Santos-Dumont, as well as other high-end rings and necklaces, were stolen. Police are asking pawn shops and jewelry stores in the area to 'remain vigilant' and to contact them if anyone attempts to sell suspicious or high-value items matching the description of the stolen property.
