Brexit Gives Europeans $15,000 Discount on Cartier Watch

LONDON, United Kingdom — Rich foreigners visiting the UK have the chance to buy luxury goods at a discount given the pound's slide against the dollar, making Swiss watches cheaper than on the continent. The Cle de Cartier Flying Tourbillon, one of the brand's most expensive timepieces, costs $154,000 in the UK, $15,000 cheaper than it does in France. EU citizens may need to act fast as luxury-goods makers usually adjust for currency shifts quickly to prevent such gaps.

Source: Bloomberg

By Thomas Mulier; editors Matthew Boyle and Paul Jarvis.