Here's an attempt to define grey market so that we can all benefit from it...
1. What does Grey Market mean?
"Grey market", also known as "direct import", are products imported directly into a country., and not through the manufacturer's authorized agent / distributor.
2. Are Grey Market products legally imported?
Yes, it is perfectly legal to Directly Import these products and sell it into the country. The term Grey Market was coined by manufacturer's authorized distributors who wanted to discourage consumers from buying these goods. Its proper name is "direct import",
3. What are the advantages Grey Market Goods ?
Since there is no factory authorized middle man involved in the import of these products the costs are lower, and so the price of the item is lower to you, the consumer.
In addition many items which are in short supply or are not imported at all by the manufacturer's authorized distributors are available in Grey Market
4. What are the disadvantages of Grey Market goods?
Again since there is no factory authorized middle man involved in the import of these products, there is no manufacturer's warranty
Grey Market Products purchased from the shop are warrantied by the shop have to be returned to the shop for any in warranty repair.
5. Are there any additional differences?
There is no difference in the actual products. In most cases they are manufactured in the same place by the same people and with the same materials.
Occasionally manufacturers will name them differently for example the Minolta USA Maxxum products are called Minolta Dynax products in Europe and in Asia
6. What Kind of warranty does the shop offer on Grey Market goods?
On Grey Market products purchased from the shop, they offer the same warranty as the warrantied products carry for a period of one year.
The only difference is that you would need to ship it back to the shop for warranty service. If you choose to go back to the manufacturer for servicing instead, you will need to pay a servicing fee as it is not covered by the manufacturer.
7. What happens after the warranty expires?
Just like products with an expired Manufacturers warranty you would take the product to any convenient repair shop and pay for the repair.
With regards to Acidbyte's gripe or anyone choosing to buy a product, I guess the lesson to learn is to ask the following questions when making a purchase:
1. Does the product come with a warranty card?
2. How long is the warranty cover?
3. Is the warranty provided by the Manufacturer or the shop?
4. If it is provided by the manufactuer, does it cover internationally as well? And don't take their word at face value, ask the sales person to show you the part on the warranty card that says it is covered internationally.
5. Always buy from an authorised dealer or at least from a reputable shop that is known for their after-sales services should you choose to buy a grey set.
6. Do some research on the product. Shops do not have the luxury of time to provide full disclosure on their product. Hence it is on our onus to ask the right questions. If we do not do our own research, it is the buyer's loss ultimately.
7. Last but not least, learn from experience! Treat the $100 Sigma servicing fee as tuition fees.
Hope this helps.
1. What does Grey Market mean?
"Grey market", also known as "direct import", are products imported directly into a country., and not through the manufacturer's authorized agent / distributor.
2. Are Grey Market products legally imported?
Yes, it is perfectly legal to Directly Import these products and sell it into the country. The term Grey Market was coined by manufacturer's authorized distributors who wanted to discourage consumers from buying these goods. Its proper name is "direct import",
3. What are the advantages Grey Market Goods ?
Since there is no factory authorized middle man involved in the import of these products the costs are lower, and so the price of the item is lower to you, the consumer.
In addition many items which are in short supply or are not imported at all by the manufacturer's authorized distributors are available in Grey Market
4. What are the disadvantages of Grey Market goods?
Again since there is no factory authorized middle man involved in the import of these products, there is no manufacturer's warranty
Grey Market Products purchased from the shop are warrantied by the shop have to be returned to the shop for any in warranty repair.
5. Are there any additional differences?
There is no difference in the actual products. In most cases they are manufactured in the same place by the same people and with the same materials.
Occasionally manufacturers will name them differently for example the Minolta USA Maxxum products are called Minolta Dynax products in Europe and in Asia
6. What Kind of warranty does the shop offer on Grey Market goods?
On Grey Market products purchased from the shop, they offer the same warranty as the warrantied products carry for a period of one year.
The only difference is that you would need to ship it back to the shop for warranty service. If you choose to go back to the manufacturer for servicing instead, you will need to pay a servicing fee as it is not covered by the manufacturer.
7. What happens after the warranty expires?
Just like products with an expired Manufacturers warranty you would take the product to any convenient repair shop and pay for the repair.
With regards to Acidbyte's gripe or anyone choosing to buy a product, I guess the lesson to learn is to ask the following questions when making a purchase:
1. Does the product come with a warranty card?
2. How long is the warranty cover?
3. Is the warranty provided by the Manufacturer or the shop?
4. If it is provided by the manufactuer, does it cover internationally as well? And don't take their word at face value, ask the sales person to show you the part on the warranty card that says it is covered internationally.
5. Always buy from an authorised dealer or at least from a reputable shop that is known for their after-sales services should you choose to buy a grey set.
6. Do some research on the product. Shops do not have the luxury of time to provide full disclosure on their product. Hence it is on our onus to ask the right questions. If we do not do our own research, it is the buyer's loss ultimately.
7. Last but not least, learn from experience! Treat the $100 Sigma servicing fee as tuition fees.

Hope this helps.