Difference Between Rolex and Patek Philippe

Rolex and Patek Philippe are the two brand names for their luxury watch collection prominent among high-society folks. Both are the most recognized swiss watches globally. Though normally watches tell the time, in the case of Rolex and Patek Philippe man’s time is identified through their wristwatch. Being number 1 watch the Rolex is quite popular among people in comparison to Patek Philippe. 

Rolex vs Patek Philippe

The main difference between Rolex and Patek Philippe is that Rolex is the timepieces brand for a range of watches and on the other side Patek Philippe is known for highly technical and royal wristwatches. Rolex started its business after 60 years of Patek Philippe, even though Rolex has number one ranking in swiss watch board and Patek Philippe has number third ranking on board. 

Rolex vs Patek Philippe

The term Rolex is a British-owned Swiss watch company, the brand has gained popularity for its performance, prestige, excellence, and innovative designs. The oyster product of Rolex company has set a benchmark in timepieces. Rolex watches have over 500 patent rights in the making of wristwatches. Major mechanical watches are manufactured by Rolex.

The term Patek Philippe referred to the oldest watch manufacturing company in the world. Patek Philippe is the prominent brand name for timepieces, movements and mechanical hand watches with complex designs. The first keyless watches were invented by Patek Philippe only. The company is well known for tier high-end wristwatch-making skills. 

Comparison Table Between Rolex and Patek Philippe

Parameters of ComparisonRolexPatek Philippe
Design CodesRolex is equipped with GMT, and Submariner design codes.Patek Philippe in design code has Calatrava collection.
MaterialsRolex watches are mostly manufactured in Steel Material. Patek Philippe is usually manufactured in Gold and Silver Material.
Production Rolex supplies 8 lacs watches per year.Patek Philippe supplies 60 thousand watches per year approx. 
SloganThe Slogan for Rolex watches is ”every Rolex tells a story”. “You never actually own a Patek Philippe. You merely look after it for the next generation.”
FoundersRolex was owned by Hans Wilsdorf and Alfred Davis in London initially. Patek Philippe was founded by Antoine Norbert de Patek in Geneva. 

What is Rolex?

Rolex is a well-established watch company since the advent of luxury wristwatches. It has obtained the Swiss Certificate of Chronometric Precision in the late years 1910. The first automatic winding wristwatch was launched by Rolex in the year 1931. In the early ’50s, Rolex becomes the first watch manufacturer to implement date magnifier in watches. Rolex always stayed ahead in terms of technology that is liked by all consumers. 

It has a great track record in sporty and exciting timepieces. The prominent users of Rolex are Pilots, Astronauts, explorers, and deep-sea divers. Youth grow up and dream to buy Rolex as a status symbol. Unlike Patek Philippe, the watches are not much technical and complex in design. 

The name and fame earned by Rolex in timepieces are unbeatable in the swiss watch ranking worldwide. Rolex attracts flashier customers in its market strategy. Most preferably, all Hollywood actors, rappers, rockstars, sport-persons has Rolex in their hand. Strapping a Rolex watch in your hand gives your wealth representation. 

In terms of durability, the Rolex watches are outrageously good. People looking for a Classic timepiece always search for the Rolex collection. The submariner collection of Rolex is specifically made for professionals since it has a thick chunky appearance. 

What is Patek Philippe?

Patek Philippe is a timepiece manufacturing brand since 1839 with uninterrupted market history. It has a luxury collection of watches in its basket of products. Buying a Patek Philippe watch is not a thing, even an investment for watch lovers. Their watches are popular for their technical designs. The most prominent model of Patek Philippe is Nautilus Chronograph Ref. 5980/1A-001, Chronograph Ref. 5070, and Chronograph Ref. 5170G-010.

Patek Philippe has introduced the most complex design with almost 33 complexities in a single wristwatch that has made a record. The Nautilus model of Patek Philippe is water-resistant with steel body-like Rolex watches. Few Patek Philippe watches crossed a price tag of million dollars. 

Watches designed by the Patek Philippe brand are quite lightweight, elegant, and made up of precious metals like gold and silver. The logo of Patek Philippe was the first handmade logo in history with till now consistency. The craftsmanship of the logo represents the hard work made 100 years ago to deliver world-class watches.

This company has mastery in crafting fine-quality watches. The company has not been stuck to the traditional approach it just upgrade by the time and set a benchmark for other watch-making competitors.  Watches are featured with rustic colors, engraved design, and precious stone that makes them elegant.

Main Differences Between Rolex and Patek Philippe

  1. Year of Launch: Rolex was launched as a brand in the year 1908 in the UK on the other hand Patek Philippe was launched in the year 1839 by the Sten family. 
  2. Collection: Rolex watches are more popular for their Sporty collection whereas Patek Philippe watches are popular for their luxury collection. 
  3. Ranking: Rolex is the number one watch company in the Swiss watch brand in the world, in contrast, Patek Philippe is the number three company in the world. 
  4. Budget: Rolex is budget-friendly as compared to Patek Philippe since the security software is not much expensive as cloud storage infrastructure.
  5. Nature of expense: Rolex is an annual expense for a business but Patek Philippe is a Capital Investment. 

Conclusion

The important factor affecting the production cycle of both companies is their consumer base. Being a manufacturer of sports watches with a luxury touch Rolex has a huge consumer base as a youth. This affects their demand-supply chain that results in more production of Rolex Watches widely in comparison to Patek Philippe. 

In terms of complex designs, Even though Patek Philippe was founded sixty years before Rolex but still it ranks on 3rd number in watches globally. The Submariner of Rolex and Nautilus of Patek Philippe are 2 comparable sporty watches of both brands. The handmade designs and techniques of Patek Philips are not comparable. 

References

  1. https://www.sciencedirect.com/science/article/abs/pii/S0148296316306889
  2. https://www.sciencedirect.com/science/article/abs/pii/0048733391900707
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