Stolen Watch Database

[SDC2003]

Richemont has a new database to curb thefts. So far 6k have registered. This is helpful but what will really curb thefts is the secondary platforms. I think they ought to require proofs of purchase to resell.

Has Your Watch Been Lost or Stolen?​

Whether a database created by Richemont will actually help curb thefts may depend on how many people use it.

Has Your Watch Been Lost or Stolen? (Published 2023)

Whether a database created by Richemont will actually help curb thefts may depend on how many people use it.

www.nytimes.com

 

[onlyk]

Richemont has a new database to curb thefts. So far 6k have registered. This is helpful but what will really curb thefts is the secondary platforms. I think they ought to require proofs of purchase to resell.

Has Your Watch Been Lost or Stolen?​

Whether a database created by Richemont will actually help curb thefts may depend on how many people use it.

Has Your Watch Been Lost or Stolen? (Published 2023)

Whether a database created by Richemont will actually help curb thefts may depend on how many people use it.

www.nytimes.com

in my opinion, require proofs of purchase only helps a little but will not stop these type of crime, because these thieves will sell them fast for cash in local market where many buyers wouldn't mind buying without proof of purchase. The way to stop or reduce this type of crime is the Policy change, how to change it? by voting, we are all responsible for these type of crime if we have voted for politicians soft on crimes.

 

[SDC2003]

in my opinion, require proofs of purchase only helps a little but will not stop these type of crime, because these thieves will sell them fast for cash in local market where many buyers wouldn't mind buying without proof of purchase. The way to stop or reduce this type of crime is the Policy change, how to change it? by voting, we are all responsible for these type of crime if we have voted for politicians soft on crimes.

Do harsher penalties really work on retail theft - those working for organized criminal networks? From what I’ve read it doesn’t do much and there’s this misconception that harsher penalties is some kind of panacea and it’s not that simple. There is more to consider such as the effects of long term sentences and overcrowded prisons. Retail theft pays and pays well. Wouldn’t it be better to find ways to deter the thefts without involving the cjs? Thing about the drug wars. Have those increased penalties actually done anything to reduce import of illegal drugs in this country? Fentanyl? Cocaine?

As for the local markets, I’m sure there are some buyers willing to risk purchasing without proof of purchase. However the main issue seems to be the second hand retailers.

Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Legislators and retailers want Amazon and Facebook Marketplace to crack down on the sale of stolen goods following a recent spree of organized retail theft.

www.cnbc.com

 

[onlyk]

Do harsher penalties really work on retail theft - those working for organized criminal networks? From what I’ve read it doesn’t do much and there’s this misconception that harsher penalties is some kind of panacea and it’s not that simple. There is more to consider such as the effects of long term sentences and overcrowded prisons. Retail theft pays and pays well. Wouldn’t it be better to find ways to deter the thefts without involving the cjs? Thing about the drug wars. Have those increased penalties actually done anything to reduce import of illegal drugs in this country? Fentanyl? Cocaine?

As for the local markets, I’m sure there are some buyers willing to risk purchasing without proof of purchase. However the main issue seems to be the second hand retailers.

Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Legislators and retailers want Amazon and Facebook Marketplace to crack down on the sale of stolen goods following a recent spree of organized retail theft.

www.cnbc.com

The differences in Policies definitely deliver differences in outcome, just by looking at US, we can see clearly what cities, states have went down hill, very sad to see some cities, states maybe already on the point no return.

 

[Swanky]

I can’t read the article…

Where I live (TX), luxury watches are required to be entered into a database before accepting, like at a pawn shop for example. We gave our serial numbers in our police report for this reason. Our detective said sometimes 3-5+ years later they’ll get a hit on stolen items from the database and recover them for the victims.
The thieves assume it’s no longer traceable I guess.
Rolex does it as well, the serial # is checked prior to service and if it’s listed in the database the police are called

 

[SDC2003]

I can’t read the article…

Where I live (TX), luxury watches are required to be entered into a database before accepting, like at a pawn shop for example. We gave our serial numbers in our police report for this reason. Our detective said sometimes 3-5+ years later they’ll get a hit on stolen items from the database and recover them for the victims.
The thieves assume it’s no longer traceable I guess.
Rolex does it as well, the serial # is checked prior to service and if it’s listed in the database the police are called

Try this article

Worried About Buying a Stolen Watch? Richemont Wants to Help

Jerome Lamberg, CEO of Richemont, wants to make it harder to sell stolen watches.

observer.com