Fake Rolexes make up 50 percent of the counterfeit watch market, one of which may have been sold to the famed musician.
Counterfeits are one of the biggest challenges facing luxury industries today, particularly the watch business.
The global market for fake goods is estimated to be worth billions—and watches are one of the most commonly replicated products on the market. In recent years, this counterfeit watch market has been growing exponentially, and no one is safe from being duped. Even some of the biggest celebrity collectors have fallen victim to fake models as counterfeits are becoming more and more convincing.
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