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The issue with grey market gear is whether the manufacturer will offer local support, warranty and repairs. The grey market retailer may take longer to fix a product you return (e.g. might send it back to Hong Kong) or repair it to a lower standard. They might go out of business too...
Gear with an international warranty (most lenses?) should be cool but camera bodies are a bit more risky to buy grey market.
Cheers,
Rick.
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