Sydney, Australia June 1, 2008 -- Melrose Jewelers, an online dealer of genuine preowned Rolex wrist watches, today announced the launch of its retail website for the Australia at http://www.melrosejewelers.com.au with men's and lady Rolex watches including used Rolex Presidential and Rolex Datejust watches for sale. As a unique promotion, until June 31st, Melrose Jewelers AU will pay customers' GST on all Rolex watch purchases at its website or via phone at 1-800-204-620.

At Melrose Jewelers customers can find Rolex wristwatches starting at AU $2000 with diamond dial and 1.0 carat diamond bezel with 40 round cut stones. Mens stainless steel and two tone Rolex Datejust watches start at AU $2800, Mens Rolex Presidential watches start at AU $3000, Ladies Rolex Datejust watches start at AU $ 2200, and Ladies' Rolex Presidential watches start at AU $5500.

Melrose Jewelers intends to complement the jewelry store offerings of, Dejoria, Gerald, and Amazon.com.au, Blue Nile, Tiffany's and Zales with Rolex wristwatches. Melrose Jewelers currently imports genuine used Rolex watches and supplies its used Rolex watches to over 200 brick & mortar retail jewelry stores nationwide through its Wholesale Rolex division.

Wholesale Sales Manager Dimitris Zarmakoupis states, "The strong Australian dollar has enabled us to shift our distribution efforts overseas where Rolex wristwatches have a more renowned reputation among affluent men and women."

Zarmakoupis goes on to add, "Retail and Online merchants interested in reselling genuine Preowned Rolex Watches can contact us at (61)2 9037 2737"

About Melrose Jewelers
Melrose Jewelers is an online retailer of wholesale priced preowned - used & like new Rolex wristwatches for men and ladies as well as gold and pave diamond watchbands for Rolex President Wristwatches.

Melrose Jewelers sells following men's models at:
http://www.melrosejewelers.com.au/category/mens_rolex_watches.htm

Men's Stainless Steel Rolex Oyster Perpetual Datejust
Mens Two Tone 18K SS Rolex Oyster Perpetual Datejust w 2T Rolex Jubilee Bracelet
Mens 18K Yellow Gold Rolex Presidential Date w 1.0 Carat Beadset Diamond Bezel
Men's 18K Rolex Day Date Rolex Presidential
Men's 18K Gold Rolex Day Date Super President

At http://www.melrosejewelers.com.au/category/ladies_rolex_watches.htm
Melrose Jewelers sells the following ladies Rolex watches:

The Lady Stainless Steel Rolex Oyster Perpetual Datejust w Oyster Band & .7 Carat Beadset Diamond Bezel
The Lady Rolex Datejust 2T 18KSS w diamond bezel & Original Rolex Jubilee Band
The Ladies 18K Gold Rolex Presidential with Yellow Gold Beadset Diamond Bezel
The Ladies Rolex Super President with Champagne Diamond Dial, Diamond Bezel, Diamond Lugs and Pave Diamond Band

Rolex President (Presidential) Watches for Men and Women are available at: http://www.melrosejewelers.com.au/presidents.html

Rolex Datejust Watches for Men and Women are available at: http://www.melrosejewelers.com.au/datejust.html

Melrose Jewelers is a member of the NAWCC (National Association of Watch Collectors), the MJSA (Manufacturers & Jewelers Association of America) and the California Sheriff's Association. Melrose Jewelers is not an authorized agent or affiliated with Rolex Australia or Rolex International. All Rolex watches offered by Melrose Jewelers are preowned; no new Rolex watches are available from Melrose Jewelers. Rolex, Rolex President, Rolex Presidential and Rolex Datejust and The Rolex Sydney Hobart Yacht Race are trademarks of Rolex International (Montres Rolex S.A.)