Explosion of Swiss Watch Thefts : London at the Forefront
The theft of Swiss watches is expanding in many major cities, but it is in London where the theft of luxury watches is particularly alarming. Every month, the British capital records an excessive number of watch thefts: about a hundred Rolex watches and fifty Patek Philippe watches, often in broad daylight and with extreme violence.
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A jewelry store owner in a London suburb experienced this nightmare in broad daylight. As he was getting to his car, two masked men attacked him from behind, leaving him unconscious and bleeding on the sidewalk after stealing his watch worth close to 10,000 euros.
In response to the increase in these violent luxury watch attacks, “Operation Venice” was launched, a team of forty officers patrolling the streets of London by car and motorcycle to try to counter these luxury watch criminals.
The rise in watch thefts is mainly attributed to the explosion of the second-hand watch market. Between 2020 and 2022, the average price of a second-hand Rolex doubled, making this activity highly lucrative for thieves.
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