New platform aims to foil luxury watch thieves

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New platform aims to foil luxury watch thieves
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New digital platform aims to help trace lost and stolen timepieces and jewellery.

Everyone in South Africa knows of a story — or, more terrifyingly, has their own story — about something valuable being stolen.

In April, the UK’s Evening Standard said more than 6,000 luxury timepieces were reported stolen to London’s metropolitan police, often in violent incidents. And in the US, luxury media brand Robb Report said the Los Angeles county sheriff’s department reported a 30% surge in watch robberies in 2022.

Critically, Enquirus is open to all luxury watch marques — not just those owned by Richemont such as Cartier, Jaeger-LeCoultre and Panerai. Already, there are more than 190 watch brands registered on the system. “The idea was, if you act with speed and you can register a theft or loss on a database that is instantaneously accessed by police, by insurance companies, and it becomes habitual … then you remove a large part of the incentive for criminals,” says Vivier.

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