That Indians are price conscious is hardly a secret. By and large, Indians are conservative and look for high security and resale value when considering a high value purchase. However, when it comes to watch replica es replica, there is an added dimension of social status too that becomes part of the purchase consideration.
Traditionally known to be fond of gold, Indians are seen to be opting more for steel, platinum and white gold. One reason for the changing preference could be the recent economic and political events. Since mid 2016, the Indian government has made Permanent Account Number (PAN) card identification mandatory for transactions above INR 2 lakh (approx. 3000 US dollars). This has had a direct impact on the luxury watch replica business. The demonetization of high value currency was another blow to luxury watch replica retailers, who were already reeling under the impact of the PAN Card rule.