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$1.3B in Luxury Watches Stolen or Missing, Data Indicates

Rolex is the brand appearing most often in The Watch Register’s database.




Luxury watch thefts are on the rise, according to new data.

The Watch Register’s database includes about 80,000 missing timepieces, Bloomberg reports. The London-based company maintains “the world’s largest, most established, international database of lost, stolen and fake watches, containing data compiled over 30 years,” according to its website.

The total value of watches in the databases is about $1.3 billion, Bloomberg reports. Rolex is the brand appearing most often in the database, accounting for 44% of the watches registered as stolen or missing.

The database grew by more than 6,800 timepieces last year, Bloomberg reports. The was a 60% spike from the year before.

The increase corresponded with the rising values of second-hand luxury watches during the COVID-19 pandemic.





When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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