Buying & Selling Diamond Rolex Watches for Fast Profit Flips

The Allure of the Rolex Submariner with Diamond Bezel

The Rolex Submariner is one of the most iconic luxury watches in the world. Lauded for its robust design, precision timekeeping, and use by historic adventurers and spies, the Submariner commands respect wherever it goes. While the classic Submariner sports a simple black bezel, some variants feature a diamond encrusted bezel that adds extra sparkle and luxury to this famous timepiece.

A Watch Built for Adventure

The Submariner was originally designed in 1953 as a rugged, waterproof watch for divers and aquatic explorers. The rotating timing bezel allowed divers to accurately track immersion times, while the waterproof case and bracelet enabled use at depths of up to 330 feet. This durability and reliability quickly made the Submariner a favorite of salvage divers, Navy frogmen, scientific researchers, and other adventurers.

James Bond brought further fame to the Submariner in the early films. His use of Rolex watches with a mix of stylish everyday wear and high-tech gadgetry cemented the watch as an icon of masculine cool.

Diamonds Take Center Stage

While early Submariners featured simple aluminum, steel, or gold bezels, luxury variants with diamonds emerged in the late 20th century. Rolex first created the Submariner with diamond bezel ref. 116619 in 2008, using solid 18k white gold and over a carat of diamonds on the bezel.

The mix of elegant diamonds against the Submariner's signature black dial creates an eye-catching contrast. The diamonds add glitter and richness without compromising the watch's essential toughness. This unique blend continues to make diamond Submariners extremely desirable to collectors and Rolex enthusiasts.

Buying and Selling Diamond Rolex Watches for Profit

Understanding the Diamond Rolex Market

Diamond Rolex watches like the Submariner command premium pricing in the secondary luxury watch market due to their rarity and collectability. With enough experience, buyers can often purchase them for well under suggested retail price. And as highly desired models, they can also be resold in short order for quick profit.

However, navigating the market requires in-depth Rolex knowledge. Factors like manufacturing runs, model variations, gem authenticity/quality, documentation, condition issues, box and papers, and authentication all significantly impact valuation.

And since fakes and frauds abound, buyers must carefully scrutinize all diamond Rolex purchases. The potential profits make it worth the effort, but only for knowledgeable watch traders.

Finding Deals on Diamond Rolex Watches

New diamond Rolexes can only be purchased through official Rolex dealerships; however, their extremely limited quantities mean multi-year waitlists at full suggested retail price. So the most profitable Rolex trading almost always centers on the secondary resale market.

Common sources for resale Rolexes include auction houses, watch forum sales forums, eBay, and other online marketplaces. Outdoor markets, pawn shops, and commissioned sellers can also yield hidden finds. Avoiding fakes or stolen goods is often the greatest challenge.

Building relationships with established watch dealers can help gain trustworthy resale access often not privy to the general public. And having cash readily available to close quick deals is also key – the fastest flip wins.

Reselling Diamond Rolex Watches Quickly

Once purchased, reselling promptly is crucial to maximizing profit. The longer the holding period, the greater the risks and expenses incurred.

Watch collectors often frequent the same resale forums and market sites. Posting a newly acquired diamond Rolex find for a reasonable market premium will likely elicit rapid buyer response. Be sure to thoroughly document the watch's history and confirmable authenticity for the next buyer's confidence.

High-value watches also sell well at reputable auction houses like Christie's and Sotheby's which have specialized luxury timepiece auctions. Their global buyer pool targets wealthy collectors seeking rare finds.

For truly fast flips, speculators even stand outside Rolex dealerships offering new unworn watches from their waitlist positions for quick cash profit. Though frowned upon by retailers, enterprising dealers and watch "flippers" use this market inefficiency for profit.

Joining the Diamond Rolex Trading Market

For seasoned entrepreneurs and luxury traders, buying and flipping diamond Rolexes offers sizable profit potential. But novices face high barriers to entry given the domain knowledge and relationships required.

Prospective Rolex traders should immerse themselves in watch enthusiast forums, study reference books, and train with established dealers before risking significant capital. Expect a long learning curve. Caution and skepticism will serve well to avoid painful early mistakes.

With dedication and diligence though, buying and selling these luxury timepieces can indeed yield five and six-figure annual profits. The diamond bezel Rolex Submariner continues as a leading model offering that glittering upside for market players equipped to handle the risk and reward.

FAQs

What makes the Rolex Submariner with diamond bezel so valuable?

The Rolex Submariner is already an iconic and coveted luxury watch. Adding factory diamonds to the bezel makes them much rarer and more desirable to collectors, commanding higher resale prices.

How can I verify if a diamond Rolex is authentic or fake?

Scrutinizing all markings, logos, model numbers against reference guides can help detect fakes. But ultimately getting watch authentication from a reputable third-party professional is best to protect against spending money on counterfeit goods.

What is the total carat weight of diamonds on a Submariner diamond bezel?

Rolex does not publish official specs, but experts estimate the diamonds total between 1 and 2 carats in weight depending on the specific reference model.

Can I sell my diamond Rolex without box and papers?

Yes it is possible, but having the original box and papers certifying authenticity can significantly increase the watch's resale value. Lacking paperwork runs the risk of higher scrutiny from buyers.