While everyone aspires for high fashion goods, not all can afford it. Hence the market for fake goods from luxury brands such as Burberry, Louis Vuitton, Chanel, Fendi and the like are booming. The latest shocker is the seizure of 1,500 counterfeit Hermes purses at the Port of Los Angeles by U.S. Customs and Border Protection, which if sold at the original prices, are worth $14 million! These fake arm candies, most of which are made in China, were captured in two shipments and were headed to Mexico and a location in the United States. These are used to fuel the demand of designer handbags and are either sold online to unsuspecting customers or those who are willing to flaunt copies.
Importing counterfeit purses and wallets has been on the rise, with a 142% increase in the value of goods seized in 2012 compared with the previous year. Not surprisingly, China is the hub for their manufacture. Sadly yet shockingly, customs officials seized $1.26 billion worth of counterfeit luxury goods last year!