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This Article is From Jun 27, 2014

A million Fake Swiss Watches Destroyed in 2013: Watch Industry Federation

A million Fake Swiss Watches Destroyed in 2013: Watch Industry Federation
Geneva: Some one million fake Swiss watches were seized and destroyed around the world last year in the fight against counterfeiters, the Swiss watch industry organisation said on Thursday.

The Swiss Watch Industry Federation (FHS), in cooperation with local authorities, lawyers, detectives and others worldwide, helped bring about the seizures of the fake time pieces, organisation chief Jean-Daniel Pasche told AFP.

Most of the watches were produced in China, but they were found "in basically every single tourist region on the planet," he said, adding that most of the seizures were made in Asia, and especially China, as well as Italy and Turkey in Europe and in South America.

Tracking down and destroying the imitations of often pricey Swiss time pieces is important in the fight against counterfeiters, he said, pointing out that the fakes drain some 800 million Swiss francs ($895 million, 658 million euros) from the Swiss watch industry's coffers each year.

In addition to tracking down and destroying fake watches, FHS also helped halt some 280,000 online auctions of fake Swiss watches last year, and ensured that several sites dedicated to counterfeit time pieces were taken down, Pasche said.

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