The net profit of the estimated 40 million counterfeit watches sold each year is valued at roughly $1 billion. The trade is equal to 6 percent of the Swiss Watch Industry’s exports.
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The net profit of the estimated 40 million counterfeit watches sold each year is valued at roughly $1 billion. The trade is equal to 6 percent of the Swiss Watch Industry’s exports.
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Source: The Foundation de la Haute Horlogerie, “Fake Watches are for Fake People,” last accessed: July 15, 2009.