You are better off buying a slightly used watch or go the reseller route that purchases from US AD's and not considered "grey market" because they will have a warranty card although it won't have your name on it. Manufacturers will honor that warranty.
I will add that I purchased a Panerai through a gray market dealer and since the warranty info in in the manual, I received it and a warranty repair was honored without any hesitation from the AD. Although it's not typical that a high end watch will malfunction during the warranty period, it sure beats having to pay for a repair out of pocket.
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