A counterfeit watch is an illegal copy of an authentic watch. According to estimates by the Swiss Customs Service, there are some 30 to 40 million counterfeit watches put into circulation each year. 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. Counterfeit watches cause an estimated $1 billion loss per year to the watch industry.
Read more about Counterfeit Watch: History, Modern Infringers, Types of Counterfeits, Counterfeit Characteristics
Famous quotes containing the words counterfeit and/or watch:
“It is not in the power of even the most crafty dissimulation to conceal love long, where it really is, nor to counterfeit it long where it is not.”
—François, Duc De La Rochefoucauld (1613–1680)
“He will watch you while you work, and always has a good word to say or a quip to snap at you to keep you cheered up, but when it comes to taking off his coat and lending a hand,... he is an Oriental incense-holder on the guest-room mantle.”
—Robert Benchley (1889–1945)