The counterfeit watch industry is a cash raker. It has obtained the Federation of the Swiss Watch Sector up in arms. There’s also a running joke amongst Swiss CEOs that the actual procedure of a brand’s success is the number of imitations watches a brand has.
- THE NUMBER OF FAKES INCREASING
According to a write-up created, fakes watches comprise 11% of custom-made seizures. FH reported that over 120,000 counterfeit watches were taken throughout 2013.
In 2014, police confiscated 375.4 million dollars well worth of watches. In 2016, it leaped to 653.6 million dollars’ worth of taken goods.
- FAKE WATCHES ARE LUCRATIVE
Confiscated counterfeit watch AAA class [นาฬิกาเกรด aaa, which is the term in Thai] were worth more than any kind of other fake products seized. Bear in mind, the numbers abovementioned mirror those that were really captured.
Switzerland’s FH approximates that 40 million counterfeit watches are created yearly, 25% more than Switzerland’s entire yearly result.
According to the FH, fake watch sales amounted to 1.08 billion dollars’ worth of sales yearly. The sales amount only raises each year as more individuals start buying online with internet sites.
- 15% TO 30% OF LOOK FOR WATCHES ARE FOR COUNTERFEITS
Marketing raises understanding as well as item demand. As the watch sector spends a spunk ton of cash on advertising, counterfeits are obtaining the benefits as well. With the internet being a superhighway, people are now getting access to counterfeit vendors like never previously. It’s not unusual for fake vendors to photoshop watches as well as make use of photos of the genuine watch to encourage people to get.
- SUSTAINED BY GLAMOUR
With luxury items set at a premium price point, it’s not uncommon for people to look for different courses whether it’d be purposefully or unknowingly imitation.
“Mirror class” counterfeit watch [นาฬิกาเกรด มิลเลอร์, which is the term in Thai] sees that appearance virtually similar to the real ones attract those who desire the prestige at a portion of the cost. Some individuals are willing to spend $250 on a phony watch that resembles the $200,000 one.