N
Nightstalkers
Guest
Rolex has recently paid off the American government $750,000 as a settlement to recent charges that they were going against the 1960s consent decree. Now that the department of justice has "looked into the matter" they're deciding that the original decree be terminated. I say nay to this outrageous action mainly due to the fact that Rolex has been steadily for the past couple decades infringing upon the decree ever rapidly.
Rolex currently prohibits the sale of watches to only their select retailers and even more so restricts the sale of their watch parts. A retailer found reselling watchparts can and usually are terminated from the Rolex franchise. These in a sense are anti-competetive practices. Restricting watch parts in these ways ensures that the American watchmaking profession can no longer run as a business entity but in fact will become just another service in a jewelry store.
Thusfar the American Watch & Clock Association is supporting the acts of the department of justice in hopes of gaining the one thing that the consent decree protects against, the restriction of watch part sales. These actions being followed through by an organization that is catoring to hobbyists and persons not performing actual watchmaking skills is outrageous. The AWCI is more interested thusfar in creating "more effective tests" for "certification" which has been meaningless since the AWCI was founded.
This series of events is going to begin our watch industry spirraling down a dark chasm if things are not put the way they should. Computer companies are not allowed to restrict the sale of computer parts and neither are car companies are not allowed to restrict the sale of car parts, so why should watch companies be allowed to keep restricting the sale of watch parts?
Here is the current relevant data:
D.O.J. Press release (PDF format)
Documents related to the D.O.J. press release
Response to D.O.J. press release (PDF format)
AWCI Legal Counsel Memo on the Rolex Consent Decree (PDF format)
AWCI BOARD RESPONSE to the DOJ and ROLEX Consent Decree (PDF format)
Rolex currently prohibits the sale of watches to only their select retailers and even more so restricts the sale of their watch parts. A retailer found reselling watchparts can and usually are terminated from the Rolex franchise. These in a sense are anti-competetive practices. Restricting watch parts in these ways ensures that the American watchmaking profession can no longer run as a business entity but in fact will become just another service in a jewelry store.
Thusfar the American Watch & Clock Association is supporting the acts of the department of justice in hopes of gaining the one thing that the consent decree protects against, the restriction of watch part sales. These actions being followed through by an organization that is catoring to hobbyists and persons not performing actual watchmaking skills is outrageous. The AWCI is more interested thusfar in creating "more effective tests" for "certification" which has been meaningless since the AWCI was founded.
This series of events is going to begin our watch industry spirraling down a dark chasm if things are not put the way they should. Computer companies are not allowed to restrict the sale of computer parts and neither are car companies are not allowed to restrict the sale of car parts, so why should watch companies be allowed to keep restricting the sale of watch parts?
Here is the current relevant data:
D.O.J. Press release (PDF format)
Documents related to the D.O.J. press release
Response to D.O.J. press release (PDF format)
AWCI Legal Counsel Memo on the Rolex Consent Decree (PDF format)
AWCI BOARD RESPONSE to the DOJ and ROLEX Consent Decree (PDF format)