Swiss watch maker Rado has introduced a new system to protect consumers from purchasing fake watches. From Emirates Business: To combat the problem of counterfeiting and the loss of market share to the producers of fake watches, Rado of Switzerland has come up with a system where consumers can log on to the internet, enter their watch’s [...]

The Counterfeit Watch market consists of watches that are created and sold under recognized brand names without the permission of the legitimate watch maker. Fake watches are costing the Swiss Watch Industry $655 million in lost sales. Source: Swissinfo, “Watchmakers sound alarm over internet fakes,” swissinfo.org, December [...]

Source: “Trade in fakes takes shine off luxury goods market,” Monsters and Critics, April 11, 2007, (accessed: April 18, 2007).

25 million watches are legitimately produced by the Swiss watch industry, while 40 million counterfeit watches are produced around the world. Source: Swissinfo, “Watchmakers sound alarm over internet fakes,” swissinfo.org,December 19, 2006, (accessed: December 20, 2006).

From the archives of Time Magazine comes this story of Counterfeit Bulova watches. Two months ago, Bulova Watch Co.’s Long Island plant was suddenly flooded with irate letters. Each letter was accompanied by a broken wristwatch marked “Bulov 17″ on the dial. Bulova needed only one look at the misspelled trademark to see that they were [...]