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  1. Sep 2021
    1. y. Already, in 1796, the trade was complaining at the competition of French and Swiss watches; the complaints continue to grow in the early years of the nineteenth century. The Clockmakers' Company alleged in 1813 that the smuggling of cheap gold watches has assumed major proportions, and that these were sold by jewellers, haberdashers, milliners, dressmakers, French toy-shops, perfumers, etc., "almost entirely for the use of the upper classes of society".

      I wonder at the history of counterfeit goods. At what point in a market does it typically begin to happen? Is there some level of profit margin which kicks in due to lack of competition? What are the effects of brand within the space of fashion?