Since this was the most recent LIW thread I could find, I thought I'd add my experience here.
I recently purchased one of their scratch and dent Orient Rays that had, supposedly, been repaired by Orient, was in like new condition, and was now certified by LIW as running "fine." I figured why not if it's working great?
Well, apparently Orient's idea of repairing a watch doesn't include regulating it. That watch was way over a minute fast per day. Was hitting over +80 s/d by the last day I measured it.
So I was pretty pissed since it obviously wasn't serviced properly. Had to wonder if it was even repaired, or whether Orient just looked at, saw that it could tick and sent it out again. Wrote Mark. Explained that I was a bit disgusted that Orient sent the watch out this way and had no confidence in the watch. Said I wanted to do an exchange.
In his reply, I didn't get the "sorry" kind of acknowledgement. Didn't acknowledge that I wanted to exchange it. Instead, he asked me what kind of accuracy I expected and proceeded to tell me that if it had been 30 secs fast, well that would be "pretty close to specification." And if it was only a minute or so, it could be regulated. It was an obvious effort to persuade me to keep the watch. Even though if you'd read my original email, you'd know that was not going to happen. If a product is refurbished and it still doesn't work right, most people don't take another chance on it. Should have been clear that's where I was coming from.
Finally in the conversation, I had to lead the conversation back to the fact that I wanted to exchange it. Now note in their exchange policy where it says, "If the watch is found to be defective, the watch will be either repaired or replaced with the same model and the original band will be put on the replacement watch." I was told I would have to prepay $25, the difference between the refurbished watch and a new one if I wanted to exchange it. And I was surprised because I bought another Orient from him recently. You'd think he'd at least offer some discount, if nothing else, for my time and effort in this. So I told him not interested in the watch, that I consider it adding "insult to injury" that my only exchange option was to have it repaired yet again under that policy.
He ended up saying I could just return the watch, even though it had been worn. I'm sort of meh about LIW after this. The conversation felt a little too much like he was more interested in solving his problem than my problem. If they have a really, really good deal on something I might buy from them. But otherwise, I'd probably choose to pay a bit more and order from another vendor that I like.