Rolex FAQ’s: Everything You Need to Know

The pinnacle of any watch collection, a Rolex watch is the desired accessory for any man or woman when it comes to investing in a new or pre-owned timepiece. This celebrated brand creates exclusive, iconic watches to fulfil each of our Rolex needs, from the delicate and dressy, to the bold and adventurous, there’s a sleek style to suit every wrist.

Here at Miltons Diamonds, we have over 80 years of experience in trading luxury watches and jewellery. Over this period, we have built a reputation on values, trust and professionalism. We are proud to offer our customers one of the most extensive selections of second-hand Rolex watches in the country. If you’re thinking of exploring your options, why not take a look at frequently asked questions about Rolex, that may provide the answers you’ve been looking for before you take the plunge.

Questions about Buying a Rolex

What is a Rolex?

A Rolex watch is a luxury timepiece crafted from the finest raw materials and expertly assembled with meticulous attention to detail. An extremely sought-after brand, the Rolex takes on a role beyond that of a mere timekeeper. They are widely considered to be a status symbol, and depending on the model, can be used for several different types of activities, from expeditions and deep-sea diving to special events and dinner dates.

Why are Rolex watches expensive?

As they are considered a luxury, Rolex watches tend to have a 4-figure price tag, making them one of the most known expensive watch brands out there. They are expensive because Rolex spends its time developing more efficient manufacturing methods, as well as new techniques to stay ahead of the competition. 

With extremely high in-house development costs in both design and craftsmanship, the materials used are much more expensive than those used in a standard watch. Rolex tends to use 904L steel which is leagues ahead of most luxury market equivalents, meaning that it holds its value over time.

How do you know if a second-hand Rolex is real?

You can determine whether a second-hand Rolex is real in a number of ways, but it is important to make sure that you are buying from a trusted seller who has positive reviews and a 5-star rating on Trustpilot. 

Serial & Model Numbers

When checking the serial and model numbers, any markings should be engraved in perfect fine lines. Fake Rolex watches usually have low-quality markings that are easy to spot. In new Rolex watches, the serial number is displayed on the inner Rehaut.

Stampings

Replica Rolex watches will feature low-quality stampings or will not feature any at all.

The Dial

Replica Rolex watches may feature uneven, blotchy fonts and misspellings, whereas a real Rolex watch will always be perfect.

Rolex does not engrave their casebacks – this is only done in some instances.

Here at Miltons Diamonds, we ensure that our pre-owned Rolex watches are expertly referenced against technical documents and manufacturer records to ensure originality as well as a clean history. 

When was Rolex founded?

Rolex was founded in 1905, by Hans Wilsdorf. At the age of 24, Hans Wilsdorf founded a company in London specialising in the distribution of timepieces. At this time wristwatches were not very precise, but his visionary spirit foresaw that they could become more than just elegant, but reliable too. The story began when he created the first waterproof wristwatch – the Oyster – which developed into a collection of timepieces that are still icons in watchmaking today. 

In 1908, Hans Wilsdorf created the brand name ‘Rolex’. He wanted a short, easy to say and remember name that could be used in every language. He also wanted the brand name to sit elegantly on watch movement and dials, just like it does today.  Rolex became Rolex watch Co. Ltd in 1915. 

Where are Rolex watches made?

Today, Rolex watches are manufactured in Geneva, Switzerland. As well as their manufacturing station, Rolex have their very own internal Research and Development departments across their various facilities. These well-equipped professional science labs don’t just research new watches; they look into how they can make their manufacturing techniques more efficient and effective. This highlights what a competent and organised manufacturing company Rolex are. 

Who owns Rolex?

In 1945, Hans Wilsdorf set up the ‘Hans Wilsdorf Foundation’. In 1960, he handed 100% of his ownership stake in Rolex to this foundation. This now controls Rolex to this day and donates a proportion of it’s income to charity and social causes in Geneva, Switzerland. 

Do second-hand Rolex watches have a guarantee? 

While purchasing a pre-owned Rolex watch can be a daunting experience, at Miltons Diamonds, we offer an excellent 2-year warranty on all of our Rolex watches to bring you peace of mind. 

What does the second-hand Rolex guarantee cover?

If the Rolex is still covered by the manufacturer’s warranty, the watch can be sent via Miltons Diamonds or an authorised retailer for the manufacturer to repair. If your watch is under warranty from Miltons Diamonds, this means that we will repair any faults in your watch during this time in conjunction with the manufacturer if necessary. 

Questions about the Movement and Accuracy of a Rolex Watch

What movements do Rolex watches use?

Rolex manufactures watches that use mechanical calibers which are powered by springs. All of the brand’s watches are mechanical and use either automatic (self-winding) movements or, in some cases, a manual wind movement. They do not use battery-powered Quartz movements, although this has been featured in their collection in the past.

How accurate are Rolex watches? 

Every Rolex watch is COSC certified by the Official Swiss Chronometer Testing Institute to determine whether it meets the requirements to receive the highest possible designation for accuracy. After receiving this certification, Rolex then does further testing, regulating each watch even further so that it achieves an accuracy of -2/+2 seconds per day, allowing it to achieve a second designation called Superlative Chronometer, making them exceptionally accurate. 

Questions about Caring for Your Rolex

How can I look after my Rolex?

To make sure that your Rolex watch stays in top condition, clean it occasionally with a gentle microfibre cloth and wash the case and bracelet with soapy water, unless they are made of leather. Ensure that the winding crown is screwed down against the case so that this allows the watch to remain waterproof. If your Rolex has been worn in the sea, rinse it with fresh water to remove any salt water and sand from the materials.

Do I have to wind my Rolex?

If you wear your watch every day, there’s no need to wind it because the rotor provides a constant and stable power source by transferring energy to the watch as you move your wrist throughout the day. When your Rolex is taken off and set aside, it can retain its power for up to 70 hours depending on the model. However, if your watch does lose power, wind it manually by unscrewing the crown to the winding position and turning it clockwise around 20 times, screwing the crown in afterwards.

How do I set the time on a Rolex? 

To set the time on a Rolex watch, simply unscrew the crown and pull it out to the second notch. This stops the seconds hand, allowing you to wind it to set the right time. Each type of Rolex watch has a range of different functions, which can be found in the user guide.

When do I need to service my Rolex?

To make sure that your second-hand Rolex watch remains in excellent condition, it should be serviced at least every ten years depending on the model and the level of usage. 

How can I sell my Rolex watch?

If you’re looking to sell your Rolex (new or pre-owned), then we’re on hand to help. Here at Miltons Diamonds, we have been trading in luxury watches for over 50 years, so if you’re looking to get a quote for your watch, then please feel free to fill out our online form, and we will be happy to send your quote and watch pack to the address of your choice.

We specialise in Swiss-made luxury second-hand watches such as Rolex, Omega, Cartier and Breitling, and we are interested in buying premium watches of any age. We understand how difficult it can be to sell a watch and get a respectable price for it, so we pride ourselves on offering a service that will make the process fair, simple and convenient for you, our valued customer.

The watches you see online at Miltons Diamonds are the same watches you can buy in our Liverpool stores. Our expert team has handpicked each watch we sell, and they are ready for you to purchase online or in-store.