$187.0 million Pct. of total seizures:
Roughly $187 million worth of watches and jewelry was seized in 2012, up from $173 million in 2011. The number of seizures of watches and jewelry by the CBP grew to 2,197 in 2012, up from 1,491 in 2011. The country most responsible for these counterfeit items was China, with $91.3 million in retail value seized by the federal government. In addition, 98% of counterfeit items smuggled from Singapore were watches and jewelry, with an estimated MSRP of $9.2 million. Randazzo noted that Singapore has a large jewelry industry, which naturally leads to many counterfeits originating from that country.
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