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March 31, 2006
BaselWorld Opens With Cry Against Counterfeits
BaselWorld 2006, the premier event for the watch and jewelry industry, opened in Basel, Switzerland Thursday with an estimated 90,000 guests in attendance.
The show runs through April 6 and is set to feature over 2,100 exhibitors from 45 countries.
With the luxury market currently thriving, show organizers expect to see demand for designer watches in high-priced metals. But exhibitors also expect to see continued production of counterfeit watches, which are eating into their market at an estimated cost of $600 million a year.
Swiss industry leaders are pushing for a crackdown, saying that the situation could impact their whole economy if left unchecked.
Posted by Blacks on March 31, 2006 09:07 AM
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