World’s most expensive counterfeit goods market

According to accounting firm KPMG, the city of London is the most expensive counterfeit goods market in the world, as the counterfeits sold in the city had less of a discount from the legitimate product when compared to other cities.

For example, a pirated DVD sold on the streets of Delhi, India would be priced at 17 percent of the legitimate film, while in London the same film was priced at 40 percent of the original.

Source: Chris Wheal, “Counterfeit goods are more expensive,” Daily Finance, December 20, 2010.