Cancun Ultrajewels experience

[Mr Singh]

I going to Cancun in a couple of months and would like to buy a Rolex whilst out there. I understand that there is an AD called Ultrajewels in Kukulcan Plaza.

Has anyone bought a watch from there recently? What sort of discounts do they offer compared to UK prices?

Looking at a Rolex 116613 Submariner two tone sunburst dial. Would a Mexican Rolex affect resale value etc, as a lot grey market sellers 'deals' seem to be on watches sourced from Argentina or Italy.

Searched on Google and very old reviews/experiences on there, from 2008. Thanks

[zion_rasta]

Mexican Rolex whaaaaaaaat?

[padi56]

Originally Posted by zion_rasta

Mexican Rolex whaaaaaaaat?

And might I ask what your reply means a Rolex is still a Rolex no matter where its bought from any AD world wide, as they all come from the same factory in Switzerland DO THEY NOT.

[crowncollection]

All the same. I have one from Andorra most people have not heard much about this small country. It makes no difference to me.

[diver2012]

Originally Posted by padi56

And might I ask what your reply means a Rolex is still a Rolex no matter where its bought from any AD world wide, as they all come from the same factory in Switzerland DO THEY NOT.

It means exactly what you are saying.

There is no such thing as a Mexican Rolex.

[Johnston98]

When I went to Cancun in December, I went to Plaza Las Americas. It had an UltraJewels. Nice place with a huge selection. However, they only put out a few pieces on display. Most of their pieces are "in the safe". If you don't see what you are looking for, they will find one very quickly. I walked out with a SS YM II for what I thought would be an 7.5% discount. With the Mexican Taxback program you get the 11% VAT refunded minus a 3.5% processing fee. I was able to get a 1% discount without really trying. Not an awesome deal, but much better then paying the full retail plus tax for the ADs around here.

I also played the honest route and declared the watch. Cost me $500. Oh, and their prices were In Pesos and worked out to be US retail down to the penny. Go figure. Overall a positive experience.

[Mr Singh]

Originally Posted by Johnston98

When I went to Cancun in December, I went to Plaza Las Americas. It had an UltraJewels. Nice place with a huge selection. However, they only put out a few pieces on display. Most of their pieces are "in the safe". If you don't see what you are looking for, they will find one very quickly. I walked out with a SS YM II for what I thought would be an 7.5% discount. With the Mexican Taxback program you get the 11% VAT refunded minus a 3.5% processing fee. I was able to get a 1% discount without really trying. Not an awesome deal, but much better then paying the full retail plus tax for the ADs around here.

I also played the honest route and declared the watch. Cost me $500. Oh, and their prices were In Pesos and worked out to be US retail down to the penny. Go figure. Overall a positive experience.

So not really worth buying on from there then? I can get between 10% and 20% discount in the UK, so may as well buy from here then.

The grey market dealers are advertising it with 20% discount so they may move a little more too if asked, but would prefer to buy from an AD for piece of mind.

[Johnston98]

Originally Posted by Mr Singh

So not really worth buying on from there then? I can get between 10% and 20% discount in the UK, so may as well buy from here then.

The grey market dealers are advertising it with 20% discount so they may move a little more too if asked, but would prefer to buy from an AD for piece of mind.

Not if you get that kind of discount from your AD. I was looking at a newly released YM II. They may give a much larger discount on a precious metal piece or a more common piece. Give it a try. Potentially if you can get them down to 20% plus the TaxBack deal, you could do very well.

Also, unless you mail the box and papers home and wear it on your wrist (which I didn't do), be prepared to pay duties.