Synthetic diamonds are the alchemist's dream. But not all that glitters is precious, nor even necessarily beyond reproach. A look at a fast-growing and poorly controlled market.
Articles on the subject:
Fight against Fakes
Teams from the Federation of the Swiss Watch Industry ranged the aisles of the Hong Kong Watch & Clock Fair to track down counterfeiters and unauthorised users of the "Swiss" indication of origin, with positive results.
Nothing can stand in the way of new Swiss Made legislation that will come into force on January 1st 2017, after the Swiss Parliament's lower house rejected a motion to postpone. A victory in the eyes of the Federation of the Swiss Watch Industry.
Three years ago in these same columns (Revue FH) we reported on efforts by officers of the Guardia di Finanza to curb counterfeiting in Tuscany. The region of Florence is well known beyond Italy’s borders for its rich manufacturing heritage, handed down from the Middle Ages.
The American customs administration and the FH are collaborating closely to curb unlawful use of the Swiss made label.
Counterfeit Swiss watches represent an annual shortfall in revenue of one billion Swiss francs, the equivalent of a thousand jobs. Last year, a million fake watches were seized following action by the Federation of the Swiss Watch Industry. Buyers face heavy penalties.
Held March 22nd in Lausanne under the aegis of STOP PIRACY, Swiss Day Against Counterfeiting brought a timely reminder of the damage caused by counterfeiting and alerted end consumers to the consequences of their act.
In the vanguard of an anti-counterfeiting operation, the Federation of the Swiss Watch Industry (FH) plunges into the narrow streets of old Dubai, accompanied by the city’s police.
To combat online counterfeiters the FH has developed an ultra high-performance monitoring system designed for the watch industry but for other sectors as well.