Rolex watches came into being in 1905, when watch designers Hans Wilsdorf and Alfred Davis founded a company called Wilsdorf and Davis in London. In 1908, they decided to register the label as Rolex and it went onto become Rolex Watch Co. Ltd. in 1915. Rolex watches have over the years continued to have a reputation as status symbols and while the company produces more than 1,000,000 timepieces each year, its watches are still running out of stock, that's what some reports claim. Well, we try and find out why!
According to specialists from the watch industry, while the company does mass produce its timepieces, it has not been able to produce enough that can meet the demand, hence leading to a shortage. And that, is the main reason for its increasing value in the second hand market.
