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Rolex History: The Journey of a Timeless Luxury Icon

Few brands in the world can match the prestige and legacy of Rolex. With a story that spans over a century, Rolex history is a testament to innovation, craftsmanship, and luxury. Whether you're curious about who owns Rolex or wondering when Rolex started, this article takes you through the brand’s milestones and reveals the roots of one of the most recognizable names in horology.

Rolex History

Date

Nov 04, 2024

Author

Jonathan Nyembe

When Was Rolex Started?

The origins of Rolex can be traced back to 1905 when Hans Wilsdorf and Alfred Davis founded a watch distribution company in London. Initially named Wilsdorf & Davis, the company sought to produce high quality wristwatches that were both precise and elegant a revolutionary idea at the time when pocket watches dominated the market. In 1908, the company officially adopted the name Rolex, a short and memorable brand that would soon become synonymous with luxury and accuracy.

The Early Years: Rolex's First Innovations:

Rolex made significant strides in the 1910s and 1920s, focusing on precision and reliability. In 1910, Rolex became the first wristwatch to receive a Swiss certificate of chronometric precision from the Official Watch Rating Centre in Bienne, Switzerland. This achievement set the foundation for the brand's reputation for producing some of the most accurate watches in the world.

The brand relocated its headquarters to Geneva, Switzerland, in 1919. This move was strategic, as Geneva was already a hub for fine watchmaking. Rolex continued innovating, introducing the first waterproof wristwatch, the Oyster, in 1926, which further solidified the brand’s position as a leader in both functionality and luxury.

Where Are Rolex Watches Made?

Rolex watches are meticulously crafted in Switzerland. The brand operates multiple facilities, including the main production site in Geneva and others in Biel/Bienne, where key components like movements and cases are manufactured. Swiss made watches carry a level of prestige and trust, and Rolex’s commitment to craftsmanship ensures that every timepiece meets the highest standards.

The company also maintains tight control over its supply chain by producing many components in-house. From gold casting to movement assembly, Rolex watches embody the essence of Swiss precision, contributing to the brand’s worldwide allure.

Who Owns Rolex?

One intriguing fact about Rolex is its ownership structure. Unlike most luxury brands, Rolex is privately owned by the Hans Wilsdorf Foundation, a charitable organization established by the brand's founder. After the death of Hans Wilsdorf in 1960, ownership transferred to the foundation, ensuring that the company could remain independent. This unique structure allows Rolex to reinvest profits into research and development while supporting charitable causes.

Rolex's Impact on Sports and Exploration:

Throughout Rolex history, the brand has built a strong connection with sports and exploration. The introduction of the Oyster Perpetual in 1931, the world’s first waterproof and self-winding watch, was a game-changer. Rolex watches soon became a favorite among adventurers and athletes alike.

Rolex played a pivotal role in significant expeditions, such as Sir Edmund Hillary and Tenzing Norgay's historic ascent of Mount Everest in 1953. The Rolex Explorer, inspired by this achievement, remains one of the brand’s most iconic models.

In the world of sports, Rolex is known for sponsoring prestigious events such as Wimbledon, the US Open, and Formula 1 racing. Its partnership with these events reinforces the brand's association with excellence and performance.

Rolex's Milestones: Breaking Barriers and Setting Standards

The Rolex Submariner, introduced in 1953, was the first wristwatch waterproof to a depth of 100 meters, making it a favorite among divers. In 1956, the Day Date model was launched, becoming the first watch to display both the day and the date on the dial. These groundbreaking innovations set the standard for the modern wristwatch and further expanded Rolex’s influence in the luxury watch industry.

Another notable milestone came in 1967, with the release of the SeaDweller, a watch designed for deep sea diving. With a helium escape valve, it allowed professional divers to explore the ocean's depths without compromising the watch's integrity. These developments have made Rolex a preferred brand not just among collectors but also professionals in demanding fields.

The Iconic Rolex Daytona and Celebrity Endorsements:

Rolex’s association with motorsports was cemented with the release of the Cosmograph Daytona in 1963. Designed for professional drivers, the Daytona became an icon in the luxury watch world, especially after being famously worn by actor and racing enthusiast Paul Newman. Today, the Rolex Daytona is one of the most sought after timepieces in the world, often fetching astronomical prices at auctions.

The Modern Era: Innovation Meets Tradition

Even in the 21st century, Rolex continues to innovate while staying true to its heritage. New materials, such as Rolex's proprietary Everose gold and the use of ceramic bezels, reflect the brand’s commitment to both aesthetics and durability. Moreover, the introduction of the Rolex Sky-Dweller in 2012 catered to frequent travelers, featuring a dual-time zone display and an annual calendar.

Rolex also embraces sustainability, with all of its facilities operating according to strict environmental standards. The company remains committed to ethical sourcing, ensuring that its gold, diamonds, and other precious materials are responsibly obtained.

Why Rolex Remains a Symbol of Luxury:

Rolex history is not just about watches; it is about setting trends, maintaining consistency, and achieving the highest levels of craftsmanship. Each Rolex watch takes months to complete, with every component undergoing rigorous testing to ensure quality and precision. This meticulous attention to detail, combined with the brand’s heritage and innovation, explains why Rolex remains a symbol of success and aspiration worldwide.

Rolex History in Collectors' Markets:

Vintage Rolex watches have become increasingly popular among collectors, with certain models appreciating significantly over time. Watches such as the Paul Newman Daytona or early Submariner models can sell for millions at auctions. The allure of owning a piece of Rolex history makes these timepieces more than just accessories they are investments and symbols of heritage.

Rolex history is a remarkable tale of vision, innovation, and precision. From its humble beginnings in 1905 to becoming a global luxury icon, Rolex has continuously pushed the boundaries of what a wristwatch can be. Whether you’re curious about who owns Rolex or where its watches are made, the brand’s story offers a glimpse into a world where tradition meets modernity.

Today, Rolex remains a testament to timeless elegance and mechanical mastery, making it much more than a watch it is a legacy.

If you love learning about Rolex history and have a passion for luxury watches, fashion, or fine living, Decommerce's Community is the perfect platform for you! Engage with other enthusiasts, share your insights, and discover exclusive content about iconic brands. Whether you're a collector, investor, or just an admirer of luxury products, Decommerces offers a place to connect and grow.