Crisis of the watch market in mid 2000’s

The ups and downs of the mid 2000’s in the watch industry gave a rise in the loss of confidence for the consumer. The consumer is unable to understand the difference between a fake and original watch or a low and a high priced items with a similar look.¬† The loss of consumer’s confidence include several affairs that shake the watch industry and contributed to the loss in the watch market.
The watch industry need to take serious action in this situation to ensure the resolutions  of all the potential problems that can take place in the market in the future. These precautions may also save the confidence of the consumers.