Rolex Tops List of World's $1.3bn Stolen Watches

By John Jeffay / August 30, 2023 / www.idexonline.com / Article Link

(IDEX Online) - More than $1.3bn of luxury watches were reported as stolen or lost in 2022, according to The Watch Register, as thefts surge by 60 per cent.The London-based company holds a database of almost 80,000 missing timepieces. It says almost half (44 per cent) are Rolex.  Daytona, GMT and Oyster Perpetual models are the most-stolen because demand exceeds supply and secondary market prices are high.Omega is the second most-stolen brand at seven per cent, followed by Breitling, TAG Heuer and Cartier.The Watch Register, which helps owners, auction houses and dealers identify stolen timepieces for a fee, registered an additional 6,815 watches, last year, an increase of 60 per cent on the previous year."The considerable value and prestige of these high-end timepieces continues to attract the attention of sophisticated and international criminal networks, making them a prime target for theft," said managing director Katya Hills in a statement.Daytona pic, courtesy Rolex

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok