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Where To Buy Seiko Watches The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

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Where To Buy Seiko Watches The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

A popular Japanese watch brand, Seiko is a leader in innovation.Offering all sorts of collections that cater to different people from all walks of life, Seiko blends traditional Japanese craftsmanship with modern watchmaking technology. In Japan, Seiko has a number of other brands. The most notable being Grand Seiko, which are a line of successful luxury Japanese watches. So, in which country Seiko is cheaper? Is it cheaper to buy a Seiko in Japan? Are Seiko watches cheaper in USA? In this guide, I will tell you the cheapest country to buy Seiko watches and place to buy Seiko watches online!

Cover Photo:seikowatches.com

The Cheapest Country to Buy Seiko Watches

The prices of watches varies between countries, and this can vary a lot, because of the currency exchange rate, current prices, VAT, taxes and other factors that play a role in how much the luxury watch cost. Let's look at the Seiko watch cost comparison between the Japan, US, Europe, Canada, UK, Asia, and Australia. In this comparison, I will calculate the price difference with the currency exchange, sales tax and the VAT Refund amount.

For example, we will look at the price of Seiko Prospex Sea SPB143. Pricing and exchange rates are as of August 18. 2024.

Country & Region	Local Price	USD Equivalent Price	General VAT Rates
United States	$1,200	$1,200	0%-9.55%（Sales Tax-different states vary）
United Kingdom	£1,100	$1325.37	20%
France	€1250	$1314.84	20%
Italy	€1,250	$1314.84	22%
Sweden	kr14998	$1443.18	25%
Germany	€1,250	$1314.84	19%
Spain	€1,300	$1314.84	21%
Japan	Ұ143,000 incl. VAT	$1059.97	Consumption tax: 10%
Korea	KRW2,060,000	$1565.56	Around 10%
Canada	CA$1,595	$1234.54	Combined federal and provincial/territorial sales taxes range from 5% to 15%.
Australia	AU$1,895	$1313.55	Goods and services tax: 10%
HK(China)	HK$8980 excl. VAT	$1144.88	There is no VAT or sales tax in Hong Kong
Singapore	SG$1,819	$1315.98	Goods and services tax: 7%
Malaysia	MYR5,435.00	$1216.16	6% GST
Taiwan (China)	NT$39,000	$1299.82	5%

Source:seikowatches.com

What is VAT?

While over 160 countries use a value-added tax, it is most common in the European Union. It can be labelled VAT, TVA, IVA, moms, MwST, and a few others depending on each country.

VAT Rates:

VAT is commonly expressed as a percentage of the total cost. For example, if a product costs $100 and there is a 15% VAT, the consumer pays $115 to the merchant.

Conclusion: As you can see from the table above and the chart, the cheapest and best countries and regions to buy Seiko watches are in Janpan, Europe and HK due to VAT refund and tax free.

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Are Seiko watches worth buying?

Seiko watches offer good quality for money. Their watches are more affordable than other luxury watches. Seiko's watchmaking experience and expertise ensures that its watches are of superior quality at every price point. The brand do not compromise on the quality of the movements and materials of its timepieces. Instead, costs are reduced by exclusively using in-house movements.

Are Japanese watches cheaper in Japan?

One obvious good buy in Japan are Japanese watches such as Seiko where the price difference may be substantial. Take the Seiko Prospex Diver Scuba Automatic for example, in Singapore, the same model costs 20 to 30% more after the tax refund.

Is it better to buy Seiko Watches in Japan?

Answer the question of whether its better to buy a Seiko watch in Japan, then I would say yes to this.

Wide Variety and Options for Vintage Models

When it comes to buying Seiko watches in Japan, its not the new watch models that buyers are after for but there is also a huge demand for finding the right vintage model for them. Especially since a lot of the vintage Seiko models are made and widely distributed in Japan; it would make it the perfect place to source and find the ideal piece.

Excellent Pre-Owned Quality for Watches

Japan has very strict laws when it comes to counterfeit goods and that's another benefit of buying your watches here.

Another wonderful factor why watch collectors love to buy pre-owned watches in Japan is because of the quality. A lot of the secondhand and pre-owned pieces that you see in watch shops are generally well-taken care of and rarely you see badly beaten up pieces. Most of them look barely used and can be rated between 85%-90% condition.

This is not just limited to Seiko’s but to almost all other watch brands. Iconic shopping areas like Nakano Broadway in Tokyo just has almost all hot watch brands and models (especially Vintage watches).

Getting a Tax Refund in Japan

Sales tax in Japan is 10% and tourists are able to refund this full tax amount. The tax refund procedure in Japan is relatively easier than in other countries where you need to present your purchased goods in the airport. In Japan, do take note that you will need to purchase your watches in a store that offers tax-free shopping.

To qualify, you'll need to spend at least JPY 5,000 on the same day in the same store.
If the tax refund is calculated for general goods and consumables together, the amount cannot exceed 500,000 yen.
Older than 16 years old; A non-Japan citizen;
You cannot be in Japan for longer than six months;
Remember to bring your passport with you when purchasing the watch.
Depending which store you purchase the watch from, the establishment can either just charge you the price of the watch minus the tax OR charge the full price and have you proceed to a customer service counter to get the refund in cash.

Is Seiko made in China?

Seiko is at the forefront of innovation and prides itself on its redeeming quality. In the past, all of its parts and movements were made exclusively in Japan. These days, however, they have subsidiaries in other parts of Asia where the movement is manufactured. These are namely Singapore, Malaysia, and China.

Is Grand Seiko different from Seiko?

Seiko and Grand Seiko are two sibling brands. Although thought has been put into the design of the Seiko, not much care is put into the manufacturing of individual timepieces. Unlike Grand Seiko, the former is machine-made while Grand has handmade features added into its design. Grand Seiko is a high-end line, and all timepieces are manufactured in Northern Japan indefinitely and fit the tag given. In addition to the handmade features added into the watches made by Grand, they polish it to a point where its sheen screams of a superior quality.

Unlike the strict criteria for Swiss watches, ‘Made in Japan’watch movements can be manufactured outside of the country but the process absolutely must be overseen by a Japanese national. So, while the majority of Seiko watches are assembled in the country, many of the parts used to make them have been manufactured in other parts of Asia. However, this does not mean that the Seiko brand is inferior in quality. It just means that they allocate a smaller piece of the budget to Seiko.

Are Seiko watches as good as Rolex?

Both watch brands do, however, make all of their own watch components. But whilst Rolex sits beside some of the most expensive watches in the world, Seiko has focussed on creating affordable watches that offer exceptional value for money.

Is a Grand Seiko better than a Rolex?

In terms of quality, a Grand Seiko watch is on par with a Rolex watch. They aren't necessarily better than Rolex, but not worse either. Both brands are on a similar level in terms of quality, so it mainly comes down to personal preference. Both brands have their own upsides and downsides.

Source:seikowatches.com

The Cheapest Place to Buy Seiko Watches online?

1. Watchshopping

Watchshopping.com is the online luxury watch store that you have been looking for. Have you been thinking of purchasing a Cartier, Rolex, Omega, Tag Heuer or Seiko? Whether it will be your very first luxury watch or you're adding to your elite collection - they offer 100% authentic luxury watches at unbelievably discounted rates. Each brand new watch comes with their in-house warranty. You can find

Seiko ASTRON, PROSPEX, MECHANICAL, PRESAGE, SPIRIT, LUKIA, BRIGHTZ, etc. there.

Source:watchshopping.com

Seiko Prices: $178 -$6039

Coupon or Discount:

-Sign up to get $15 off.

-Free shipping on US order.

-Up to 10% off Seiko watches.

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2. Jomashop

Jomashop is a leading fashion retailer in watches, handbags, and sunglasses. They also sell jewelry, crystal, fine writing instruments, apparel, and shoes. Their customer service specialists are always ready to assist, and our state of the art New York City fulfillment center is always capable of swiftly delivering products to over 150 countries. You can buy new and pre-own Seiko watches there. From Seiko to Grand Seiko, Jomashop offers an extensive selection of the iconic label's most beloved watches..

Source:jomashop.com

Seiko Prices: $75.99-$2,598.99

Coupon or Discount:

-Free Shipping to Fremont with code FASTSHIP

-Spin to get up to $20 off.

-Up to 69% off select Seiko watches.

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3. Belk.com

Belk, Inc. is the nation's largest family owned and operated department store company, with more than 300 stores in 16 southern states, a thriving website and a rich community heritage. From Japanese quartz movement to solar-powered watches - you'll find an excellent fit at Belk. With nylon, leather and stainless steel band options available, you'll want to collect them for safekeeping in your jewelry box.

Source:belk.com

Seiko Prices: $120-$520

Coupon or Discount:

-Sign up to get $10 off $20 coupon.

- Free shipping on $49+.

- Up to 50% off select Seiko watches.

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4. Kohl's

Kohl's is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl's offers amazing national and exclusive brands, incredible savings and an easy shopping experience in thier stores, online at Kohls.com and on Kohl's mobile app. You can find men's & women's Seiko watches, leather Seiko watches, Seiko Dive watches there.

Source:kohls.com

Seiko Prices: $165.75-$590.75

Coupon or Discount:

-Free shipping with $49 purchase.

-Get 15% off when you sign up for emails

-Earn $10 Kohl's Cash® for every $50 spent.

-Up to 40% off select Seiko watches.

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5. Walmart

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. Walmart operates approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites.

Source:walmart.com

Seiko Prices: $89.99-$625

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-Earn 5% cash back on Walmart.com.

-Free shipping.

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6. Watches of Switzerland

Watches of Switzerland was founded in Ludgate Hill in 1924. It is a British retailer of Swiss watches, with 16 stores in the United Kingdom. The company headquarters is in Braunstone, England. Some of their clients have been with them for over 50 years – they like to think of them as‘friends of the business’.

There are 7 Watches of Switzerland showrooms in the United States, in addition to dedicated Omega, Rolex, Breitling, and Seiko boutiques.