Buy 7 Best Swiss Repica Watches,Spent about $2,000

Every day, Peter wears a different watch. The bank executive makes about $2,500 a month, however owns three Panerai Replica, three Rolexe Replica, and an Audemars Piguet Royal Oak Offshore Replica - his favourite

A genuine version of this ivory-coloured timepiece would cost $34,000, but Peter, who did not want to be identified by his full name, bought his replica online for only $500.

"Depending on what I wear, I choose a swiss watch to fit,"

He has spent about $2,000 on his seven swiss replica watches, which he has been buying since the start of this year. The genuine versions would have cost him about $123,000. He is part of the growing market here driving demand for counterfeit timepieces.

"I'm a watch lover, but it's just not financially feasible to buy genuine watches unless you are super rich," he said. "You can buy one genuine, but if you like another few more colours, how can you buy another, or two more? You can buy a car with that money."

He believes that most people who bought replicas generally also owned genuine watches. He said he had two authentic Rolexe replica of his own. And he also does not hide the fact that some of his watches are fakes. "If anyone asks, I'll tell them my watches are replicas," he said.