A fake Rolex can copy the steel, dial, movement and design. What it cannot manufacture is Rolex itself. Counterfeits expose an awkward truth about watches, handbags and luxury goods: much of what we buy exists not in the object, but in what the object means.

From £50 beaters to four-figure premium homages, we compare the best Rolex Submariner-inspired watches, how closely they follow the original and which are actually worth buying.