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A counterfeit watch (or replica watch) is an unauthorised copy of an authentic watch. High-end luxury watches such as Rolex, Patek Philippe and Richard Mille are frequently counterfeited and sold on city streets and online. With technological advancements, many non-luxury and inexpensive quartz watches are also commonly counterfeited.
According to estimates by the Swiss Customs Service, there are some 30 to 40 million counterfeit watches put into circulation each year.[1] For example, the number and value of Customs’ seizures rose from CHF 400,000 and 18 seizures in 1995 to CHF 10,300,000 and 572 seizures in 2005.[1] According to a 2012 Federation of Swiss Watches estimate, counterfeit Swiss watch sales generated $1 billion in sales per year.[2]
- ^ a b Faits et chiffres, Swiss Customs Service 2005
- ^ Barbara Mueller (2011). Dynamics of International Advertising: Theoretical and Practical Perspectives. Peter Lang. pp. 38–. ISBN 978-1-4331-0384-1.