Bling bust? Rolex enters second-hand market for the first time: the Swiss watchmaker just launched its ‘Certified Pre-owned Programme’ in Europe amid a timepiece price crash as supply outstrips demand

• Watch prices shot up in 2021 amid Covid-19 as the rich splurged on luxury goods instead of travel, or searched for more stable investments than stock or cryptocurrency
• Now, as Audemars Piguet, Patek Philippe and other brands are experiencing price drops, consumers can buy second-hand Rolexes through its official retailer Bucherer