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Piracy

08/28/2013

In spite of the many efforts made, the problem of counterfeiting and piracy continues to wreak havoc on virtually every economy worldwide, and is expanding rapidly through multiple distribution channels, especially online.

 The Federation of the Swiss Watch Industry estimates that over 400 million fake Swiss watches are made each year and that they generate net profits of around one billion dollars.

Product piracy destroys jobs, primarily in the countries where the originals are produced. Counterfeiters don’t invest in research and development - they steal. Because by doing so, you’re supporting criminals who couldn’t care less about jobs and working conditions.