Luxury Watch Thefts Surge on the Côte d’Azur
In 2024, criminals stole over €8 million worth of luxury watches in the Alpes-Maritimes region, marking a sharp rise in these crimes. Thieves often conduct detailed surveillance before executing rapid and sometimes violent robberies, escaping on scooters into the hills.
Crimes Affecting Both Street Victims and Retailers
Targets include individuals on the street as well as specialist shops. Monaco, previously protected by an extensive CCTV network, has also seen an increase in watch thefts with two major incidents in 2024.
Notable Incidents in Monaco
On 29 May, Monaco Watch Company suffered a six-minute armed robbery, losing more than €4 million in watches.
On 12 November, The Watch Project was raided quickly, with four watches stolen within minutes.
Thefts Beyond Retail Shops
In April 2024, American tennis star Sebastian Korda was robbed of his €300,000 Richard Mille in Roquebrune-Cap-Martin after two masked men threw him to the ground.
In late August, a student from Nice was caught trying to exchange a fake Rolex for a genuine one valued at €48,000 at the Hôtel de Paris. He was arrested at Place du Casino and sentenced to four months in prison.
Summary
Luxury watch thefts on the Côte d’Azur are increasing, targeting both individuals and stores, with criminals growing bolder despite heightened security measures.
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