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Counterfeit watch
A counterfeit watch is an illegal copy of an authentic watch bearing the name of its brand,so we can also call it replica watch.
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A counterfeit watch is an illegal copy of an authentic watch bearing the name of its brand,so we can also call it replica watch.According to estimates by the Swiss Customs Service, there are some 30 to 40 million replica watches put into circulation each year. For example, the number and value of Customs'seizures rose from CHF400,000 and 18 seizures in 1995 to CHF10,300,000 and 572 seizures in 2005.Counterfeits cause considerable losses to watch making industry.
Swiss Customs estimates that 40% of replica watches come from China, but counterfeits are produced elsewhere, even in the USA. Globally, counterfeit watches are estimated to cost the Swiss watch industry more than $600 million per year. The Swiss Customs Service is obligated to confiscate and destroy such goods. While there are some exceptions, counterfeit jewellery is confiscated in all cases.
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