Cost of Empty Tiffany Blue Boxes For Sale

Websites such as eBay offer empty Tiffany blue boxes for sale on their sites that are often counterfeit knockoffs. The famous blue boxes of Tiffany & Co. are in high demand in the auction market. According to press reports, the boxes can cost between $10 to $30 on auction websites. Quartz interviewed one seller of… Continue reading Cost of Empty Tiffany Blue Boxes For Sale

Counterfeit Swiss Watches Seized in 2013

The Federation of the Swiss Watch Industry reported that over 120,000 counterfeit Swiss watches were seized during anti-counterfeiting campaigns in 2013. In a single raid on a warehouse in Dubai, authorities seized about 90,000 fake Swiss watches. In addition to the counterfeit watches, nearly 700,000 components used to make counterfeit Swiss watches were also seized… Continue reading Counterfeit Swiss Watches Seized in 2013

Half of Branded Products in Romania Stores are Counterfeit

Romania’s Custom Service stated in a report that about 50 percent of all “brand name” products that are available for sale in retail shops in Romania are actually counterfeit. Counterfeit goods from China enter the Romania market through smuggling routes that pass through Moldova and Ukraine. Some of the items seized by security services in… Continue reading Half of Branded Products in Romania Stores are Counterfeit

Revenue Loss to Gulf Companies From Counterfeits

The regional manager for Virgin Megastore in Dubai stated that their industry┬ábelieves┬áthat it losses between 20 to 30 percent of revenue due to counterfeiting and pirating activities in the Gulf Region. Other companies in the region state that the loss to revenue could be as high as 60 percent due to counterfeiting. In a single… Continue reading Revenue Loss to Gulf Companies From Counterfeits

How Fake Watches are Produced and Sold

A civil court case in New York demonstrated the supply chain and profits involved in the counterfeit watch industry.

A group imported fake watch parts from China for the price of 27 cents per watch. After assembling the counterfeit, the group then sold the watches to wholesalers at the price of $12 to $20 per watch. The wholesalers then sold the fake watches to street vendors for $20 to $35 per watch. The vendors then sold the watches to customers for various prices based on street bargaining, with some watches being sold for as much as $250.