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Rolex Luxury Watches Group: 3 Vaibhavi aibhavi Vighne Vighne Harsh Shah Sura Su rabh bhii Sin Singh gh Saty Satyaje ajeet et Sahu Sahu Prat Pratik ik More More Moiz Moiz Zakir Zakir
Flow
of Presentation
Brand Evolution Brand benefits Persona Convincing reason Differentiator Core gene Brand Prism POD POP
Introduction is a Swiss manufacturer of high-quality, luxury wristwatches. Rolex
It was founded by Hans Wilsdrof in 1905. Its headquarters are at
Geneva, Switzerland.
These watches are popularly known as status symbols. Business Week magazine ranks Rolex #71 on its 2007
annual list. It produces about 2,000 watches per day, generating
revenues of around US$3 billion.
Rolex Evolution 1905 - Hans Wilsdorf established London firm that specialized in watch distribution.
1908 - Wilsdorf opened new brand name: Rolex.
1910 - Rolex started to give official chronometer certification in Switzerland.
1914 - The Kew Observatory in Great Britain awarded to Rolex wristwatch a CLASS A precision certificate.
1926 - Rolex developed and patented the Oyster: first air, dust and waterproof model of watch.
Cont.. 1945 - Oyster Date model was invented. This was a first watch that automatically display a date.
1953 - Rolex had created watch for diving: - the Submariner model.
1955 - Oyster GMT Master was designed to make possible to check time in different time zones.
1967 - Oyster Sea-Dweller was invented - waterproof in depth of 610m/2001 ft.
2004 - Submariner model celebrated its 50th Anniversary with special commemorative model which has green bezel and unique black dial.
Companys Innovation The companys innovations are: The first wristwatch with an automatically changing day and date on the dial (Rolex Day-Date).
The first wristwatch case waterproof to 100 m (330 ft) (Rolex Oyster Perpetual Submariner, 1953).
The first wristwatch to show two time zones at once (Rolex GMT Master, 1954).
The first watchmaker to earn chronometer certification for a wristwatch.
Watch Models Rolex has three watch lines: Oy ster Perpetual , Professional Cellini ( Rolex's line of 'dressy' watches)
The primary bracelets for the Oyster line : Jubilee, Oy ster President .
Hereditary
Strengths
Pioneer in making watch movement and is
commitment to excellence. Durability Symbol of sophistication Integrity Exceptional
Performance
An Indomitable Spirit
known for its
Market forces Omega, Tag Heuer, Breitling, Rado and other luxury watch makers are its competitors Replica watches produced in Asian countries and marketed round the globe Second hand luxury watch market
Consumer bio-data The main recipient are creamy customers who are looking for a high end luxury watch with a status symbol which increases their value. Generally worn by people of age 30 and above
Insight Symbol of achievement Success redefined.
Brand Benefits
Sign of status, success and flair
Unmatched Swiss craftsmanship
Global recognition
Quality par excellence
Legacy of fine watch making over 100 years
Persona
Spirit of the century
Icon of sophistication and precision
Redefining class time and again
Convincing Reason
Durable
Seamless performance for a lifetime
Differentiator More than half of COSC certified watches are Rolex
Holds the record for most certified chronometer movements in the category of wristwatches.
Core Gene Glorious history of path breaking innovations in watch making over generations.
A
Crown for Every Achievement,
Brand Prism - Rolex Out of range
Stretch
Rolex Apparel
New categories
Adjacent categories
Jewellery, Official Rolex Trophy, Timekeeper for Wimbeldon, & Australian Open
Bezels, Brands, Bracelets
Extension
Core category
Core
Classic Watches
Rolex vs TAG Heuer Points Of
Differentiation:
Quality / Value: Both are luxury watches, but Rolex retains its intrinsic value for a longer time.
Diamonds: Tag uses F to G color diamonds, and Rolex uses D color diamonds.
Movement: Rolex uses its own in-house movement, whereas TAG watches use ETA movement.
Appearance: Rolex rarely changes the appearance of their watches, but TAG releases new models every few years.
Cost: A Rolex is generally more expensive than TAG watch.
Rolex vs TAG Heuer Points Of Parity:
Rolex and TAG Heuer both are luxury Swiss watches.
These companies make quartz and mechanical versions.
Both companies gives you a 2-3 year warranty on most models.