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: just to clear something up....the international
: distributor then sells their watches to both
: the gray market and authorized dealer
: market??
Not quite. The distributor sells only to Authorized Dealers. It is some of the authorized dealers that go behind the manufacturer's backs (in additon to violating their dealer authorized contracts) and sell these watches out their back door at close to wholesale prices to the gray market dealers.
See the Chronocentric section on Gray Market watches under the WATCHES section for a fuller explanation.
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