Jewelry & Watches
The modern market for jewelry and watches is robust. Almost forty percent of the U.S. adult population purchases jewelry each year. Nearly 50,000 stores are actively engaged in jewelry retail, and the industry employs approximately 200,000 individuals in America alone. Consequently, the jewelry market attracts tremendous attention from counterfeiters, and the watch industry has unfortunately become synonymous with the epic struggle against fakes.
In recent years, the jewelry industry has been targeted by counterfeiters. For example, in 2009, jewelry entered one of the top ten spots on the U.S. Customs and Border Protection’s IPR statistics for value of commodities seized: Report.
Having represented high-end jewelers as well as watchmakers, the members of the Gioconda Law Group are familiar with the unique challenges of the jewelry and watch industry.