The 66-year-old said he couldn't believe it's been that long, but that recently he's been a part of events that are paying homage to the movie.
"I'm at a certain age that festivals around the world are giving me lifetime achievement awards," he said. "It's a little premature, but I'll accept it. There was one [festival] outside of Prague ... [they] showed another older movie of mine ... [which] was 'Pretty Woman.'"
The festival also screened some of his newer films like "Time Out of Mind," and the screening of "Pretty Woman" was in front of a couple thousand people in an amphitheater. He was invited to open the movie.
"There was 7,000 people there," he said. "I looked ... most of them were under 25 that somehow knew this movie."
Gere said it's "magic" that helped the movie stay relevant even today.
"You can't program it," he added. "If you could there'd be a thousand of them now. It had some magic in terms of her, me, the story, the director ... it just happened."
Gere said he still keeps in touch with Julia Roberts even though she lives on the West Coast and he lives out in New York.