Pre-owned watch sales at Bob's Watches increased by 20% from March to May as luxury watch prices surged due to tariffs and rising gold costs.
Swiss watch exports to the US spiked by 149.2% in April as brands rushed to get ahead of tariffs, which are now paused until July.
Bob's Watches, a marketplace for pre-owned watches, reported a significant sales boost, capitalizing on the current market dynamics.
The company's chief commercial officer, Douglas Kaplan, highlighted the impact of tariffs on sellers, indicating a need to possibly revisit pricing strategies.