Top UK Rolex Seller Trims Margin Outlook Amid Price Increases

Watches of Switzerland Group Plc, the largest authorized seller of Rolex timepieces in the UK, sees slightly lower margins this year on one-time items and as brands raise prices amid President Donald Trump’s tariffs and higher raw-material costs.

Watchmakers are facing higher costs — like the price of gold that recently crossed $5,000 an ounce — while also trying to cap what consumers pay, which is putting pressure on margins, Chief Executive Officer Brian Duffy said in an interview.