Name: Fake Rolexes are dangerous in the $20 billion used watch market. How do dealers spot them?
Uploaded: 2024-04-01T16:53:00+05:30
Duration: T13M04S
Channel: Business Insider
Description: Fake Rolexes are dangerous in the $20 billion used watch market. How do dealers spot them? Video

https://www.businessinsider.in/videos/business/fake-rolexes-are-dangerous-in-the-20-billion-used-watch-market-how-do-dealers-spot-them/videoshow/108945848.cms

Fake Rolexes are dangerous in the $20 billion used watch market. How do dealers spot them? Video

Fake Rolexes are dangerous in the $20 billion used watch market. How do dealers spot them?

Get the latest news on Business, Startups, Auto, Tech, Stock Market, Finance, Careers, Education, Science, Mobile, Crypto, and Sustainability on Business Insider India.

Business Insider India

Business Insider

Between 2011 and 2021, Rolexes outperformed gold, real estate, and stocks. Used watches are now a $20 billion industry, and demand is growing. But dealers need to be careful of fake watches. US Customs seizes roughly 150,000 fake watches per year, and most of them come from China. We followed dealer John Buckley through New York City’s famous diamond district to learn how he spots fakes and makes money in this competitive industry. We also visited JFK International Airport to see how US Customs agents seize counterfeit watches.

Fake Rolexes are dangerous in the $20 billion used watch market. How do dealers spot them?

Why professional colored pencils are so expensive

How Qatar Airways prepares 200,000 meals from scratch every day

Why your chocolate bar is more expensive this year

Could Mexican pulque be the next tequila or mezcal?

Just the Facts – US Population: Steve Ballmer Talks Through the Numbe…