The new consumption tax impact of high-grade watches in guangzhou began rising prices

after nearly a month of wait-and-see, the new consumption tax system on the impact of high-grade watches seem to start surface. yesterday's news that sales of omega guangzhou began rising prices 4 percent to 4.5 percent, while road wal-mart's high-end watches menuhin, including true force also brewing in the june 1 or july 1 price hikes. it is reported that guangdong and other places outside of wenzhou, wong-jun, rolex, plot, and dili rudder, movado brands have been brewing price increases or price increases.

prices are not pilot

it is understood that the omega watches in guangzhou from may 1 from the full price increases of 4% to 4.5%. omega brand marketing manager of china's huang told reporters, in the face of domestic consumption tax adjustment, omega prices really have a clear strategy. this rate of price increases DKNY Watches is not a pilot, but the down. at the same time, he said, is not to say that every year a premium brand price adjustment, the price adjustment is based on changes in the market. it is said that the current price hikes after the omega the sale has not changed too much, consumers are still buying enthusiasm high.

road wal-mart watch and jewellery hin (hong kong) limited shanghai Orient Watches office, general manager of zheng jue told reporters road wal-mart's high-end watches menuhin, including true force and other brands, is expected to be june 1 on or july 1 to price hikes, price hikes and concrete headquarters of the programme is still in the approval Boucheron Watches process.

in guangdong, according to sources said that in addition to omega watches in wenzhou, another high-end watch brand-jun wong has 1 / 4 to 1 / 3 of the table of price hikes on the same day, or around 5 percent; labor disabilities, family plot, dili rudder, movado brands may also have been rising prices, or about 5 percent to 10 percent.

estimates are lower than 20% of total

however, the guangzhou friendship store operations of the person in charge of the friendship between the high-end watch brands, only omega price hike, other brands include wong-jun, rolex and so there is no price hikes. the official believes that high-end watches every year there will be a price hike, up a few points is very common things, and the consumption tax adjustment and Jacob & Co. Watches there is no significant relationship.

boer table and brand general manager liu double-southern region also analyzed, the luxury watch market in guangzhou and there is no significant price adjustments, for two reasons, first, are the sales of luxury watches imported in the implementation of the new consumption tax into the price and not subject to consumption tax impact of the consumption tax is levied in accordance with the declaration for the price, the market sold for more than a million watches at the Locman Watches declaration, and did not meet the consumption tax on luxury watches the limit.

industry believes that the omega in the domestic market price adjustment to a certain extent take the lead role of the pilot, the other high-end watches may play a role of reference or model or even a chain reaction. with the implementation of the new consumption tax, high-end watches have prices seem to have is the general trend, but the rate of price increases and 20 percent consumption tax rate should be much difference.