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Counterfeit watch
Unauthorised copy of an authentic watch / From Wikipedia, the free encyclopedia
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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.
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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]