Patek Philippe Chicago - Official Retailer: C.D. Peacock

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The Swiss Customs Service estimates between 30 to forty million counterfeit and replica watches are put into circulation yearly. The counterfeit timepieces are then rushed to market, usually prematurely of the authentic watch. These counterfeit watches trigger considerable damage to the watch industry, both financially as a result of prospective misplaced sales and in addition model degradation as a result of the market being flooded with counterfeit copies of the unique watches. The pictures of those new and prototype watches then uncover their way back to manufacturers in China the place they’re swiftly copied and made into replica watches. The annual trade show of the watch enterprise referred to as BaselWorld attracts numerous attendees from China who invest their time photographing the latest fashions being displayed by the highest luxurious watch-making manufacturers. It’s estimated by Swiss Customs that 40% of replica watches originate in China, though counterfeits are additionally manufactured elsewhere, such as the United States. In October of 2006 police in Florida arrested a girl who had been working a counterfeit watch group that earned about $eight million in gross sales.