Tharaka Time House in Colombo Sri Lanka is recognized as an Official Rolex retailer, as they only sell genuine Rolex timepieces, Senior Partner of Tharaka Time House Tharaka Jayatissa said. Tharaka’s father Athauda Arachchchige Somasiri Wimaladasa Jayatissa opened his first Rolex outlet in 1973 .
“This year we celebrate 50 years of matchless, timeless, elegance and superlative service, a tradition my father started and my brother and I continue,” Jayatissa stated.
Jayatissa Senior was the Chief Technician at B.P. De Silva’s. “Rolex were having problems with their agents at that time and my father having specialised in Omega watches wrote to Rolex in Geneva, stating that with his considerable experience as the Chief Technician for Omega, he would like to take over the Rolex agency.”
The first showroom was opened on November 4, 1973 and was located on the ground floor of Hemas building in York Street Colombo 1.
In 1979 they commenced importing and selling watches, starting with 15 pieces. “Our first watches were the Oyster Perpetual Date watch which sold. It was purchased by Hilmy Rauf, owner of Crest Gems. The Rolex 18 carat gold Day/Date watch was purchased by C.S. Abeysekere, owner of Supreme Traders, in 1981. Today the 36 mm Oyster Perpetual Day watch costs Rs 3.4 million, while the Rolex 18 carat gold Day/Date costs 15 million.”
“We are presently constructing a four storey showroom in the vicinity of the Liberty Plaza roundabout, totally dedicated to Rolex and if all goes well it will be open for business towards the end of 2024 or early 2025.”
In December this year Tharaka Time House will introduce to the local market the new 40 mm GMT Master priced at Rs 5.2 million, the new 40 mm Daytona which is Rs 7.5 million and the new 36 mm 18 carat platinum Day/Date, which costs Rs 18 million.
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