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Counterfeit luxury handbags have become a social media phenomenon. As high-end luxury brands including Hermes, Chanel, and Prada have boosted their prices in recent years, many consumers turned to deceivingly high-quality replicas for a fraction of the price. The precision and attention to detail put into making replica handbags have made it easier for them to pass off as genuine luxury products, with hardly any noticeable differences to the untrained eye.

In this Feb. 1, 2006, file photo, an unidentified woman holds up a counterfeit Coach handbag in the back room of tourist shop in New York's Chinatown. (Bloomberg via Getty Images)(NEW YORK) -- Counterfeit luxury handbags have become a social media phenomenon. Instead of cheaply made knockoffs, the latest crop of counterfeit handbags, known as "superfakes," looks very similar to the authentic luxury item.As high-end luxury brands including Hermes, Chanel, and Prada have boosted their prices in recent years, many consumers turned to deceivingly high-quality replicas for a fraction of t...

Grüvi is trying to make non-alcoholic beers and wines mainstream. Plus: Billion-dollar bubble tea and a look inside mistakes early investors make.

In the world of social media, influencers have been joined by deinfluencers. These emerging social media personalities are challenging the fast fashion