Originally posted by jeffkpotter Reeftool is right! One aspect of gray market products not often discussed is that these products are sometimes not packed or stored properly, and may have shipped slowboat in extremely hot or humid conditions. Hence the absence of warranty. Buying gray market is cheaper but is always a gamble.
I agree that buying gray market is a gamble, but it does not void Pentax' warranty. It means that the Pentax organization in the country where it was purchased will not repair it at no cost. You have to send it to the nearest international Pentax depot, and you have only the one year international warranty.
Jeff, I'm with you. It just is not worth the hassle should something go wrong.