Rolex Replica Watches And Also The Effects Of The Counterfeit And Replica Watch Market,22 '13 Subject: Rolex Replica Watches And, Viewed by: 7445
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The Swiss Customs Service estimates between 30 to 40 million counterfeit and replica watches are put into circulation annually. These counterfeit watches cause considerable damage to the watch industry, both financially because of potential lost sales and also brand degradation as a result of the market being flooded with counterfeit copies of the original watches.
The annual trade show of the watch industry referred to as BaselWorld attracts several attendees from China who spend their time photographing the newest models being displayed by the top luxury watch-making brands. The pictures of these new and prototype watches then find their way back to manufacturers in China where they're quickly copied and made into replica watches. The counterfeit timepieces are then rushed to market, typically in advance of the authentic watch.
It's estimated by Swiss Customs that 40% of replica watches originate in China, although counterfeits are also manufactured elsewhere, including the United States. In October of 2006 police in Florida arrested a woman who had been operating a counterfeit watch business that earned about $8 million in sales. It is estimated that counterfeit watch sales worldwide cost Swiss watch manufacturers much more than $600 million per year in lost sales. Once these counterfeit watches have been confiscated, it's the obligation of the Swiss Customs Service to destroy them. Surprisingly, in Switzerland individuals are allowed to maintain a maximum of 1 counterfeit watch per individual, supplied they personally import it into the country. In addition, the watch being imported should not contain any forged precious-metal hallmarks.
Two Kinds of Counterfeit Watches
* Counterfeit watches are divided into two groups: The very first group is comprised of low-priced imitations of watches. A cheap counterfeit watch features the name of a prestigious brand, but lacks its design and functions.
* The second group involves counterfeit watches created to resemble the original authentic watch (a trade-dress violation). Some high-priced counterfeit watches are produced from far better quality supplies and have golden parts and leather straps.