Not sure. I feel you register your watch’s serial number on that site and the number will end up printed on a fake in Southeast Asia.

 

Statistically speaking, I wonder how many years watch thefts/losses need to be recorded for a search to return anything approaching meaningful for somebody to routinely justify paying a fee. If this pools data from one or two markets, say UK and US, it will be interesting to see if it becomes a useful database. It almost needs to funnel all watch thefts from law enforcement

It costs £15 per watch to register a loss and 5% of the watch value if they help recover it.

It sounds about as useful as a version of Google Maps that only adds streets and cities to the map if somebody pays them to do it. Where is New York City? Nobody has registered that obscure city sir, so It doesn't exist. That will be £15, cash or card?

 

Looks useless. Dealer check watch number, see it stolen, send seller away. Owner of stolen watch got nothing. Reporting stolen number to manufacturer seems more useful, they can lock stolen watch sent for sevice.

 

I am fairly new to this hobby, but would think that something like this site would be to everyone's benefit. At least it is a start. , it will take time to grow. And perhaps the industry itself will create a database that is free for consumers and businesses to use..
From what I read on this site, just verifying that a Rolex is not fake is difficult enough, ( I would not even try to do this myself) let alone having to figure out if it's been stolen. If a consumer called Rolex with a serial number, would they provide the status of the piece with regard to it being stolen? .
Also is it safe to assume that a Rolex purchased on Ebay using their authentication, or on Chrono 24 or Crown and Caliber would have been checked to make sure it had not been stolen?