Patek Philippe has confirmed that it raised prices on its watches worldwide—but disagreed with a Bloomberg report that pegged the average increase at 7%.
“We do not confirm the percentage mentioned by Bloomberg,” says a Patek spokesperson. “The percentage of increase varies per market. As we are an independent, family-owned company, we do not communicate any further specifics.”
The price hikes began Feb. 1.
The news service said it had calculated the percentage based on prices on Patek Philippe’s website.
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