The Rolex name inspires confidence. The company has revolutionalized watchmaking throughout its history, from introducing the first water-resistant watch in 1926 to debuting a self-winding movement through the Perpetual rotor in 1931. And this reputation is the reason why many forgo in-depth research before dropping close to 7 percent of your salary on a Daytona. That, and the fact that watch terminology can be overwhelming.

But there are some things that might surprise you about the legendary watchmaker and its products. Pre-owned watch specialist Watchfinder & Co. has posted a handy video that reveals three of the most important things to know about Rolex.

Firstly, the technological innovations Rolex is credited with inventing actually already existed, but Rolex was able to incorporate preexisting tech into its watches and consequently force other brands to follow suit.

Secondly, Rolex didn’t bring its watch construction fully in-house until 2004. So for 99 years, parts were outsourced and, even today, a few components such as the hands are made elsewhere.

Finally, and perhaps most surprisingly, Rolex isn't Swiss. According to Watchfinder & Co., Rolex founder Hans Wilsdorf wasn’t Swiss, the brand wasn’t founded in Switzerland, and the first watches weren’t made in Switzerland either. To find out the full story, watch the video above.

If you are looking to invest in a luxury watch, it's worth doing a bit of homework. Click here to learn about the difference between quartz and mechanical movements.

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