Omega Price Increase - US

[train-time]

Just got a text from my AD with a picture of a large Omega delivery. Seems they are stocking up now. He said there was a price increase coming soon.

[WilsdorfNDavis]

Originally Posted by train-time

Just got a text from my AD with a picture of a large Omega delivery. Seems they are stocking up now. He said there was a price increase coming soon.

Supposedly prices are going up 5.5% on Dec 1st, not necessarily across the board mind you...

YMMV.

[brycrob]

Omega boutique in Houston told us there’ll be a price increase Monday 11/29 not 12/1?


Sent from my iPhone using Tapatalk

[Hollie_Rollie]

I’ve never really paid any attention to what the msrp are of omega watches. I do know the prices on the gray market which are pretty flooded with omega products. I’m not sure the gray market will tolerate any increase in their current asking prices. So Omega can increase their msrp by 30% , don’t think it’ll make a difference


Sent from my iPhone using Tapatalk

[ks58]

So if an AD stocks up on a lower price, do they then make even more with the price increase? Pretty self serving obviously, but that's the world we live in.

[brycrob]

Originally Posted by ks58

So if an AD stocks up on a lower price, do they then make even more with the price increase? Pretty self serving obviously, but that's the world we live in.

Absolutely. In fact they probably get a chance to purchase 120% of their sales volume before the increase happens. That’s is what happens with distributors and manufacturers quite often.


Sent from my iPhone using Tapatalk

[dummykid]

No price change today on omega website


Sent from my iPhone using Tapatalk

[C0d]

5% - 7% going into effect on Dec 1, 2021.

[puckybadger]

Mark-up is 15%

[C0d]

Price increases in effect now

[tom2517]

Website is down, maybe they updating the new price?

[dummykid]

Originally Posted by tom2517

Website is down, maybe they updating the new price?

I notice the new price for seamaster 300 diver is $5400. It was $5200 last year


Sent from my iPhone using Tapatalk

[rich-96db]

Looking at the Omega site, I can see the $200 increase on the SMP 300s. No change in price on the new Speedys. I checked a few other models and didn't see any other price increases that jumped out at me.

[Jack T]

$5,400 is still a decent price for a really good watch.

[Hollie_Rollie]

Originally Posted by Jack T

$5,400 is still a decent price for a really good watch.

Yeah, just means a bigger discount on the gray market


Sent from my iPhone using Tapatalk

[Stevec14]

Originally Posted by rich-96db

Looking at the Omega site, I can see the $200 increase on the SMP 300s. No change in price on the new Speedys. I checked a few other models and didn't see any other price increases that jumped out at me.

Same here in the U.K. Seemingly only the seamasters that have gone up by about £150

[DCheeta]

Still a damn good price for a watch that is arguably better than a Sub (and I’m a Sub owner).

[inadeje]

But aren’t the retail prices on Omega watches somewhat irrelevant? They’re sold everywhere BNIB for up to 25% off retail. I guess that this is because large consignments are sold at a discount, -15% AD cut and minus taxes. I guess that’s how they are able to sell almost any watch at least -25% off retail. I bought mine for 3k including shipping from Japan. It was about 500 less than US grey dealers and around 1800 usd less than retail.

[majidessa]

Originally Posted by inadeje

But aren’t the retail prices on Omega watches somewhat irrelevant? They’re sold everywhere BNIB for up to 25% off retail. I guess that this is because large consignments are sold at a discount, -15% AD cut and minus taxes. I guess that’s how they are able to sell almost any watch at least -25% off retail. I bought mine for 3k including shipping from Japan. It was about 500 less than US grey dealers and around 1800 usd less than retail.

When was that? Discounting % of popular Omega releases are become less and less and in the past few months Omega has cut down ADs profit margin and are applying stricter pricing policies. The norm these days is between 5 to 10% with box and papers, unless you want to go Grey without the official warranty.

[Ravager135]

Originally Posted by DCheeta

Still a damn good price for a watch that is arguably better than a Sub (and I’m a Sub owner).

Omega is so close to really giving Rolex a serious problem when it comes to the Seamaster 300/Submariner debate. Putting aside the obvious prestige of the Rolex brand, Omega already has an arguably better movement in their diver. It's clearly at a far better price point.

In my humble opinion, Omega needs make just a few minor alterations. They mostly involve the issues people bring up about the Seamaster perennially. The bracelet design needs to be reworked and tapered. The helium escape valve (while now a part of the DNA) should be revisited and potentially removed. The case size, hands, dial, etc are perfect.

I think Omega has largely created its own problem. Among the Seamasters, you have the 300M Diver which is maybe a little too stuck in the 90s and the more restrained alternative heritage 300 is a little too retro. Now that Omega seems to have leaned in more heavily on the heritage 300 being more "heritage," I think they needs to make a few subtle changes to the 300M Diver to take it from "James Bond iconic" to simply "classic."

[richard371]

Mostly agree. I kinda like the HEV esp on the chronograph version. The braclet could use and update thought. I think they should retire the PO line as they are a bit too big.

Originally Posted by Ravager135

Omega is so close to really giving Rolex a serious problem when it comes to the Seamaster 300/Submariner debate. Putting aside the obvious prestige of the Rolex brand, Omega already has an arguably better movement in their diver. It's clearly at a far better price point.

In my humble opinion, Omega needs make just a few minor alterations. They mostly involve the issues people bring up about the Seamaster perennially. The bracelet design needs to be reworked and tapered. The helium escape valve (while now a part of the DNA) should be revisited and potentially removed. The case size, hands, dial, etc are perfect.

I think Omega has largely created its own problem. Among the Seamasters, you have the 300M Diver which is maybe a little too stuck in the 90s and the more restrained alternative heritage 300 is a little too retro. Now that Omega seems to have leaned in more heavily on the heritage 300 being more "heritage," I think they needs to make a few subtle changes to the 300M Diver to take it from "James Bond iconic" to simply "classic."

[texasmade]

Originally Posted by richard371

Mostly agree. I kinda like the HEV esp on the chronograph version. The braclet could use and update thought. I think they should retire the PO line as they are a bit too big.

The PO line needs to go back to the 2500 series proportions with 42mm case width, 14mm thickness, and 40mm dial size. Every iteration after that has terrible proportions.

8500- too thick. Omega stuck with the same 42mm case size and 40mm dial.
8800- dial size too small for the case thickness. Case thickness is 14mm but dial size is too small at 37mm with a 39.5mm case.
8900- way too big and thick.

All of the PO GMT's are too thick and unwearable for my wrist size.

[C0d]

Originally Posted by Ravager135

Omega is so close to really giving Rolex a serious problem when it comes to the Seamaster 300/Submariner debate. Putting aside the obvious prestige of the Rolex brand, Omega already has an arguably better movement in their diver. It's clearly at a far better price point.

In my humble opinion, Omega needs make just a few minor alterations. They mostly involve the issues people bring up about the Seamaster perennially. The bracelet design needs to be reworked and tapered. The helium escape valve (while now a part of the DNA) should be revisited and potentially removed. The case size, hands, dial, etc are perfect.

I think Omega has largely created its own problem. Among the Seamasters, you have the 300M Diver which is maybe a little too stuck in the 90s and the more restrained alternative heritage 300 is a little too retro. Now that Omega seems to have leaned in more heavily on the heritage 300 being more "heritage," I think they needs to make a few subtle changes to the 300M Diver to take it from "James Bond iconic" to simply "classic."

While I may agree with some of you have written, I don't think Omega is going to do any of that.

1) SMP Diver has largely remained unchanged. Love it or hate it, the signature bracelet, HEV, scalloped bezel and the wave design are now part of its DNA. Its not a Submariner and isn't trying to be one either. I think that is the part of its appeal. It is its own watch and not a Submariner homage.

2) I think the NTTD Bond is an experiment on their part. Given how popular its been, I believe some of its design elements will flow into next generation SMP. The matte dial, the lumed bezel, the milanese bracelet (optional) and the domed sapphire will make their way to the new SMP when it gets revised in 2-3 years from now.

3) Bond SMP has been wildly popular, watch companies refrain from making changes to popular styles as its very dangerous and can easily backfire. They limit to changing colours and tweaking instead of making radical changes. I think SMP maybe a victim of its own success now, it will not see large changes but will incorporate design elements Omega experimented/s with NTTD and Olympics iterations.

4) Lastly, there's no point in correcting those who are getting 25% discounts on Omegas, if they can more power to them.

My 0.02 for the day.