Investigators Find 17,000 Fake Swiss Watches In Dubai Apartment
About 17,000 fake watches were seized from a Dubai apartment as part of a raid following an investigation by a trade association representing Swiss watch manufacturers.
The Bern-based Federation of the Swiss Watch Industry (FSWI) sent investigators to Dubai in a bid to crack down on the supply of fake watches into Europe and to track down those involved in the manufacturing of counterfeit pieces.
Owners of designer clothing stores, gaming distributors and music shops in Dubai have for some time been calling for better regulations to tackle the issues of piracy and counterfeit products. Companies said their revenues take hits where imports of counterfeit goods remain undetected, dropping between 20 and 60 percent due to lower sales.
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