No other country set such low standards for "Xxxx Made" as the home of watchmaking. It may sound reasonable to some but when you realise it's 60% of value and not content almost anyone can see it's a total con.
You're wrong there. LOTS of other industry sections behave in EXACTLY the same manner.
Example.
Leather goods and clothes from most HIGH end "Italian" fashion labels such Gucci, D&G, Prada etc... use not only imported leather and fabrics, but also illegally employed workers and Chinese factories abroad. They exploit black market, have a bag made for $19, then sell it for $1900, if not more.
It is SCANDALOUS and DISGUSTING the kind of margins they make, hence why I boycott luxury firms.
This information is out there on YouTube from an ITALIAN documentary
called "Schiavi Del Lusso" (slaves of luxury).
So when you buy ANYTHING that costs $1000, know that the manufacturing value of that item closer to €50 (about 1/100).
And when you get something at 50% off, the manufacturer is STILL making a pretty hefty profit!