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You may want to consider taking a cruise and buying one off-shore (duty free).
I just took a cruise on Royal Carribbian and went to St. Martin, Aruba, St. Thomas, etc. Every port city had lots of reputable Jewlry stores. There was even a Rolex Factory store in one of the towns. Many of these stores are authorized dealers for Rolex and if you are not picky about the exact style you can find a good sale.
Heck, you can even fly to St. Martin (or Saint Marteen on the US side) and save enough to make it worth the trip.
This is probably too extreme for what you want to do, but the savings more than covers the cost of a trip and you get a nice vacation out of it. Now is a great time to go when the temperature is in the 80s.
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