![]() On top of that, Jomashop has garnered these scores and ratings: Customer satisfaction matters so much that they use third-party reviewers to contact their customers and inquire about their satisfaction levels. When it comes to the grey market, customer satisfaction is not usually a priority. You should also know if those boxes and papers add much, if anything, to your watch’s value. It’s important to know if your watch comes with its original box and papers, as display models in dealer cases might not. The one area where authenticity needs addressing is the boxes and papers. Likewise, you can purchase older stock, like the discontinued Seiko SKX007, knowing you’re getting your hands on one of the last of these timepieces. You can purchase a Patek Philipe, a Rolex or an Audemars Piguet and be totally confident that the manufacturers built these watches to the highest of standards. Since we already know that the grey market can’t sell fakes and counterfeits, it’s safe to assume that Jomashop’s watches are entirely authentic. Let’s address Jomashop’s reliability on three levels authenticity, customer satisfaction and warranty. Therefore, companies like Jomashop prefer to maximize their profits through quantity over profit margins. Grey market profit margins are often less for a third-party seller, but the consumer can save a lot of money on the watch. It could simply be that a dealer wants to move to a more expensive product line and needs to liquidate its inventory to bankroll those purchases. This grey market product movement benefits dealers with cash tied up in out-of-date inventory or those that have lost their authorization. Jomashop then lists those watches in their store for a significantly lower price than the dealership was trying to sell them for. In this case, that third party is Jomashop. When an authorized watch dealer needs to recover some cash, they’ll unload their inventory at near cost to a third party. Jomashop purchases the majority of its inventory directly from manufacturer-authorized dealers (or the manufacturer themselves, although this is a taboo practice in the industry). Jomashop’s business model is simple: Purchase stock at a low price and resell it for less than a dealer would. ![]() This is how Jomashop can sell new watches at significantly lower prices than a dealer. However, they sell them outside of the originally intended distribution channel. Jomashop’s business model is entirely legal, and they sell authentic watches. Likewise, Jomashop is a grey market watch seller, which makes it a totally legitimate business. Wholesalers like Sam’s Club and BJ’s might carry grey market products. So, a used car sale could be a grey market purchase. Grey market items are authentic products, made by the original manufacturer but sold outside of the originally intended distribution chain. The name is misleading, as it suggests there are underlying legality issues, but the grey market is an entirely legitimate way to purchase products. In short, consider anything sold illegally as a black market transaction. This includes the sale of stolen goods, as well as the sale of counterfeit goods or other products that are illegal to own due to copyright laws, local laws or federal regulation. What Is the Black Market?Ī stark contrast from the white market (in name and legality), the black market includes all illegal sales of any product. The dealer may discount or mark up the price, but this usually requires the manufacturer’s consent. This is when a customer buys a product from the manufacturer or authorized dealer according to the authorization agreement. This purchase might be a watch, appliances from the local home store, shoes from a high-end dealer or a craft good from a local artisan.Īs the name suggests, white market purchases are the purest form of transaction. What Is the White Market?Īnything you’ve purchased 100 percent as it was intended to be sold per a manufacturer/dealer agreement was a white market purchase. You need to understand what Jomashop is, how its business model works, and the difference between white, black and grey market sellers. Is Jomashop Legit?īefore we can answer whether or not Jomashop is legit, you need to understand a few things. and Ray-Ban for as much as 50 percent off the MSRP. The apparel and accessory shop consists of the biggest names in fashion like Gucci, Tiffany & Co. While the overwhelming majority of Jomashop’s focus is on timepieces (and that’s where we’ll focus this guide), the company carries more than just watches. They’re all listed with significantly lower prices than through a dealer. You’re likely to find deals on Seiko, Citizen, Hamilton, Omega, Tudor, Breitling, Rolex, Audemars Piguet, Patek Philipe or Richard Mille watches. ![]() “So, Should I Buy a Watch From Jomashop?”Īside from microbrands, Jomashop likely carries any brand you can think of, but it depends on their stock at the time.
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