Did You know that Rolex is a non profit organization? Thats right people, a huge portion of the money they earn goes to charities and orphanages in Switzerland, as well as keeping Switzerland Green.
In 1908 Rolex was founded by Hans Wilsdorf who was an orphan from Bavaria, he made sure that this name was easy to pronounce in many different languages as well as all the letters R O L E X were the same size providing symmetry when written. In the year 1944 shortly after the tragic death of his wife Mr Wilsdorf started the Hans Wildorf Foundation which he left all of his shares in ROLEX and made sure that a certain amount of money earned by Rolex would Go to charity leaving the company in trust so the company could not be bought, sold or traded. Mr Wilsdorf died in Geneva in the year 1960.
Today Rolex is the most recognizable watch brand in the world period! They are the best mass produced watch in the world with a production of slightly over one million watches per year.They are one of the few watches in the world today that retain at the very least 50% of their value some have really appreciated in value. I would say at least 80 percent or more of their watches are certified chronometers which is an accuracy test the watch goes through for 15 days in 15 nights in six different positions in various weather conditions.They use the highest grade of stainless steel for their watches which is 904L grade steel which is non corrosive. They have really set the bench mark for all other watch brands and today they still operate in trust the way Mr Wilsdorf had originally set it up, and just in case you were wondering NO! it is not a tax write off when you buy one!
pic courtesy of www.rolex.com
1 comments:
Hi Johnny,
I love the site. I think you cover alot with the up and coming trends in the watch industry. You are thorough in your presentation.
Well, I check the block occasionally.
--Eric
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