The 15% Tariff and Gold at $4,500: A Working Dealer's Read on the 2026 Pre-Owned Market
The 15% U.S. tariff on Swiss watches is permanent. Gold sits above $4,500 per ounce. New-watch retail prices are up 20% since late 2024 on gold references. A working dealer's analysis of what this means for the pre-owned market and where the value math has shifted.