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The Art Loss Register, the world’s largest private database of stolen art and collectibles, has launched a new service called the Watch Register.
The Watch Register – a database of over 50,000 timepieces – is the largest searchable database of watches available for due diligence. Each search costs £2 with a response time of five minutes.
The aim of the register is to encourage jewellery retailers, pawnbrokers and others in the trade to carry out due diligence, to recover stolen watches, and in the long-term to reduce thefts.
The database carries details of watches by the leading brands Rolex (13,000 items), Patek Philippe, Cartier, Omega, Audemars Piguet, Breitling, IWC, Jaeger LeCoultre, TAG Heuer, Vacheron Constantin and other brands.
Since its inception the Art Loss Register has worked with the trade and private individuals to carry out pre-transaction checks on timepieces on the market.
The company said that the service has been in “ever greater” demand, and as such it followed that the company should set up a specialist service, for watch dealers, jewellers, pawnbrokers and auction houses.
The Watch Register currently conducts 30,000 searches a year, the equivalent of nearly 10% of the Art Loss Registers total searches, with numbers growing rapidly.
