Theft And Fraud Continue To Be A Threat In The Luxury Space—Here’s One Way To Protect Your Collection
The luxury sector is increasingly facing threats from theft and fraud, particularly as the popularity of watches and jewelry as investment assets grows. To safeguard collections, registering items with databases like The Watch Register, which specializes in lost and stolen luxury goods, is essential. Founded in 2014 as a response to the rising thefts, this platform offers rapid serial checks and a recovery service for a fee, working closely with law enforcement to return stolen items to their owners. A significant increase in successful recoveries highlights the importance of maintaining detailed records, including serial numbers and ownership documents, to enhance the chances of recovering stolen pieces quickly. Additionally, combining this registration with proper insurance coverage provides an extra layer of protection for valuable collections.
