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You're paying for A LOT more than the name. You are paying for a rock solid in house mechanical movement.
"Stuck in a design rut" really depends on how you look at it. I like the simple unchanged design. Why change what works so well? The Rolex Oyster 'look' is the most replicated in the watch world.
Too many people think Rolex is about making a flashy status symbol. Rolex is about making the most durable mechanical watch, that not only performs well, but looks great too.
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