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Rolex Hikes Watch Prices by 5% in UK as Sterling Slides

  • Swiss watch brand raises prices after pound value tumbles
  • Rolex price increase marks second hike this year for UK
A yellow gold diamond encrusted limited edition Rolex Daytona watch.

A yellow gold diamond encrusted limited edition Rolex Daytona watch.

Photographer: Paul Hackett/Bloomberg

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Rolex raised prices for its watches in the UK after the value of the pound fell against the US dollar to near the lowest level in more than three decades.