(Photo credit: Momentum)
Since Rolex launched its certified pre-owned program in late 2022, it has used beige boxes about half the size of its standard green presentation, a choice consistent with its sustainability messaging while stopping short of the experience associated with buying new.
Last year, Rolex introduced updated, eco-friendly boxes for its new watches, as first reported by Coronet. The brand now plans to apply a similar approach to its CPO presentation boxes, while also increasing their size, the latest sign of its commitment to a program that, by many metrics, has been a success.
Certified and climbing. (Data: WatchCharts)
Rolex’s CPO program has continued to grow in sales and participation despite a volatile economic backdrop marked by war on Europe’s borders, a strong Swiss franc, record gold prices and softening consumer sentiment. Today, CPO pieces are often prominently displayed at Rolex jewelers, occupying prime retail space.
By increasing the size of its CPO beige boxes to match its green ones, Rolex will reduce the psychological gap between new and preowned. CPO clients are often first-time buyers paying a sizable premium, not only over retail prices but also over non-CPO listings. According to WatchCharts, the global median CPO premium across all Rolex CPO listings stands at 28% compared with non-CPO pre-owned watches.