Gray Market is an informal market for buying, selling, exchanging goods , not authorized by the manufacturer to trade in commodities in any country.
Compared to authorized dealers, the selling price of most watches on the Gray Market is much cheaper because these watch items are not taxed .
It is known that in Vietnam, the watch import tax is 26.5% .
Almost watches at Grey Market are bought from authorized dealers in lower retail prices and brought to Vietnam for trading.
These products are purchased in large quantities, at high discounts from agents, buying outdated, out-of-date inventory and display goods brought back to Vietnam, not through import and export, so the products are not subject to tax . This is an illegal business .
See also: 7 criteria to know when choosing to buy fashion watches
Before buying a watch you need to consider the following unforeseen risks:
- Hand-held watches being traded at an authorized dealer will lose their warranty. In particular, Gray Market products may be out of warranty or have warranty drift due to the watch may be on display, or defective product and sent back to the warranty center for repair and shorten the warranty period. onions. If your product is not warranted, it will be costly to repair it.
- Because this is an illegal business, the origin is not clear, the watches at Grey Market may no longer "zin", have been modified, replaced or repaired by some parts and parts that you cannot divide. goodbye.
- Hand-watch sellers sometimes do not have enough professional knowledge to check their sources.
See also: What is Military Watches? What are the characteristics? Should I buy it?
Criteria Genuine Watches Hand-held watches
PriceHighLower
Origins Clear Origin Unknown
Quality Qualified Unsure (due to unknown origin)
Warranty Genuine Warranty With or without warranty
Hopefully the article will give you an overview of your portable watch and make it easy to decide before withdrawing your wallet!
See more:
>>> Reasons to buy watches with sapphire crystal
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