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Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

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Find answers to common questions about jewellery, engagement ring & watch insurance. 

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Buying Your First Luxury Watch: 5 Things to Consider

Q Report Team

Updated on March 24, 2025
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A luxury watch is a serious investment, and as such, the purchase deserves serious consideration. This isn’t just a practical accompaniment to your everyday life or something to be worn out and then replaced with another serviceable item.

No, a luxury watch can be a testament to your hard work, something to commemorate a significant milestone, and even a family heirloom that can last for generations.

Buying your first luxury watch is exhilarating. There’s so much to learn about the mechanics, materials, history and features of quality timepieces. In fact, the more you learn, the more likely you are to become a connoisseur of fine watches and truly appreciate their many moving parts. The craftsmanship and mechanics of these watches are truly impressive; they’re the products of centuries of mechanical and artistic achievement.

So where do you start in the process? In this blog post, we’ll give you five things to consider when buying your first luxury watch.

1. Under the Dial

Car enthusiasts wouldn’t dream of buying a luxury vehicle without looking under the hood, and the same is true for fine timepieces. In broad terms, there are two types of watches, those powered by quartz batteries and those powered by mechanical movement.

Mechanically-powered watches are made up of hundreds of tiny parts that are painstakingly assembled by hand. Because of their complexity, mechanical watches are usually more expensive, both to purchase and to maintain. But many watch lovers prefer these watches because they’re more romantic and maintain their value in the long term and even increase in value in some cases. That's why they're still in high demand, even through the technology is hundreds of years old.

On the other hand, quartz watches are generally easier to maintain. They rarely require the kinds of maintenance that are seen with mechanical watches, and they run on reliable modern technology. Although it’s wise to take a look at both styles, you’ll probably decide early on which kind of watch is the best fit for your first purchase.

2. Brand History

Well-known makers of fine watches have impressive histories and reputations, and you’ll do well to spend some time researching them before you shop. You’ve heard of Rolex, but did you know that in 1910, a Rolex watch was the first wristwatch in the world to receive the Swiss Certificate of Chronometric Precision? The company has continued to build on their reputation for precision, but they’re not the most historic company.

Patek Philippe was founded more than half a century before Rolex came along and made its own contributions to the wristwatch as we know it today. For instance, in 1844 Jean Adrienne Philippe won an award at the Industrial Exposition in Paris for his keyless winding and hand-setting system for personal watches.

Research the histories of today’s most popular luxury watch brands and you’ll read about a fascinating journey through the intellectual development of our mechanical world.

 

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3. Watch Styles

Luxury timepieces come in a variety of styles, and you’d do well to think about how you want to wear your first one. Do you want to wear it mostly in formal situations? Do you prefer a sportier look? Would you like to wear it to the office every day?

Men’s watch styles can be broken down in a number of ways. The following includes the most common:

  • Dress watches
  • Dive watches
  • Pilot/Aviator watches
  • Racing watches
  • Casual watches

Give a nod to your interest in military history, diving or other personal interests by wearing a luxury timepiece on your wrist that was created for your hobby’s unique requirements.

4. What to Spend

Many luxury watches hold their value over time, and some of them have traditionally increased in value, especially watches made by Rolex and Philippe Patek. Iconic watches, such as the Rolex Submariner, tend to increase more than niche watches, such as the One Hertz from Gronefeld. Perhaps this is because there just aren’t as many buyers seeking niche brands.

When it comes to your first luxury watch purchase, decide what your objective is and how much you want to spend. In this market, you can spend anywhere from a few thousand dollars to tens of thousands and then the rarified millions of dollars. Do you want to buy your watch as an investment to be sold later or as an heirloom to hand down to your children? Are you dipping your toe in the luxury watch market, or are you ready to dive in (with a Rolex Submariner on your wrist)?

5. Specialised Watch Insurance

You wouldn’t dream of leaving a Rolls Royce uninsured, and the same is true for a luxury watch. With specialised watch insurance from Q Report, your luxury timepiece will be insured against loss, theft and damage. With 150% cover, your watch will be fully repaired or replaced if you need to make a claim, and you can return to your chosen jeweller for services.

To find out how affordable specialised watch insurance can be, get an instant online quote today, and insure your new watch before you even walk it out of the store.

 

 

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Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

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A luxury watch is a serious investment, and as such, the purchase deserves serious consideration. This isn’t just a practical accompaniment to your everyday life or something to be worn out and then replaced with another serviceable item.

No, a luxury watch can be a testament to your hard work, something to commemorate a significant milestone, and even a family heirloom that can last for generations.

Buying your first luxury watch is exhilarating. There’s so much to learn about the mechanics, materials, history and features of quality timepieces. In fact, the more you learn, the more likely you are to become a connoisseur of fine watches and truly appreciate their many moving parts. The craftsmanship and mechanics of these watches are truly impressive; they’re the products of centuries of mechanical and artistic achievement.

So where do you start in the process? In this blog post, we’ll give you five things to consider when buying your first luxury watch.

1. Under the Dial

Car enthusiasts wouldn’t dream of buying a luxury vehicle without looking under the hood, and the same is true for fine timepieces. In broad terms, there are two types of watches, those powered by quartz batteries and those powered by mechanical movement.

Mechanically-powered watches are made up of hundreds of tiny parts that are painstakingly assembled by hand. Because of their complexity, mechanical watches are usually more expensive, both to purchase and to maintain. But many watch lovers prefer these watches because they’re more romantic and maintain their value in the long term and even increase in value in some cases. That's why they're still in high demand, even through the technology is hundreds of years old.

On the other hand, quartz watches are generally easier to maintain. They rarely require the kinds of maintenance that are seen with mechanical watches, and they run on reliable modern technology. Although it’s wise to take a look at both styles, you’ll probably decide early on which kind of watch is the best fit for your first purchase.

2. Brand History

Well-known makers of fine watches have impressive histories and reputations, and you’ll do well to spend some time researching them before you shop. You’ve heard of Rolex, but did you know that in 1910, a Rolex watch was the first wristwatch in the world to receive the Swiss Certificate of Chronometric Precision? The company has continued to build on their reputation for precision, but they’re not the most historic company.

Patek Philippe was founded more than half a century before Rolex came along and made its own contributions to the wristwatch as we know it today. For instance, in 1844 Jean Adrienne Philippe won an award at the Industrial Exposition in Paris for his keyless winding and hand-setting system for personal watches.

Research the histories of today’s most popular luxury watch brands and you’ll read about a fascinating journey through the intellectual development of our mechanical world.

 

New call-to-action

3. Watch Styles

Luxury timepieces come in a variety of styles, and you’d do well to think about how you want to wear your first one. Do you want to wear it mostly in formal situations? Do you prefer a sportier look? Would you like to wear it to the office every day?

Men’s watch styles can be broken down in a number of ways. The following includes the most common:

  • Dress watches
  • Dive watches
  • Pilot/Aviator watches
  • Racing watches
  • Casual watches

Give a nod to your interest in military history, diving or other personal interests by wearing a luxury timepiece on your wrist that was created for your hobby’s unique requirements.

4. What to Spend

Many luxury watches hold their value over time, and some of them have traditionally increased in value, especially watches made by Rolex and Philippe Patek. Iconic watches, such as the Rolex Submariner, tend to increase more than niche watches, such as the One Hertz from Gronefeld. Perhaps this is because there just aren’t as many buyers seeking niche brands.

When it comes to your first luxury watch purchase, decide what your objective is and how much you want to spend. In this market, you can spend anywhere from a few thousand dollars to tens of thousands and then the rarified millions of dollars. Do you want to buy your watch as an investment to be sold later or as an heirloom to hand down to your children? Are you dipping your toe in the luxury watch market, or are you ready to dive in (with a Rolex Submariner on your wrist)?

5. Specialised Watch Insurance

You wouldn’t dream of leaving a Rolls Royce uninsured, and the same is true for a luxury watch. With specialised watch insurance from Q Report, your luxury timepiece will be insured against loss, theft and damage. With 150% cover, your watch will be fully repaired or replaced if you need to make a claim, and you can return to your chosen jeweller for services.

To find out how affordable specialised watch insurance can be, get an instant online quote today, and insure your new watch before you even walk it out of the store.

 

 

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Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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