Former Watch Dealer Claims Theft of High-End Timepieces is Thriving Criminal Enterprise

A former watch dealer has claimed that stealing expensive watches and selling them on the black market has become a lucrative criminal enterprise, as thefts of high-end watches have increased and victims fear for their lives.

The number of stolen watches in England and Wales has nearly doubled since 2015, with more than 6,000 stolen in London.

The demand for second-hand watches has helped to fuel this trend, with their value nearly doubling in recent years.

The thefts are often carried out by gangs, who use spotters to target wealthy areas and wait outside high-end bars and restaurants or watch shops.

The criminals will confront their victims in the street or follow them home, using violence if necessary.

Premium watches have increased in value due to the pandemic, making them targets for theft.

Owners are advised to avoid posting their location on social media, wear long sleeves, be cautious of attention, and meet buyers in public places.

Some owners are hiring bodyguards and private security teams to protect themselves.

The National Police Chiefs' Council warns that such crimes have a devastating impact on victims.