The Customs Department seized the Rolex watch of a Dubai resident, alleging that he had failed to declare it. The High Court, however, called the Customs order an error, but still upheld the fine
In an age when our smartphones have the time all the time, luxury watches offer something a phone never can - a glimpse into your personality and character
Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models
The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A "is now much larger", online-watch trading platform Chrono24 said in an emailed statement
While a Rolex or a JLC instantly gratifies the vanity of the wearer with its signature designs and trademark engineering, it also enhances the stature of the person gifting it