While of course what the thieves did was wrong, I have little sympathy for anyone who has a watch stolen that is worth more than $500. You are just asking for it to get stolen. And there is no practical use in owning such a watch, or any kind of jewelry worth beyond a token amount.
Have friend who has a Rolex. I have a timex triathlon which cost $29. Both tell the same time. Mine can go down 100 meters. It lights up. Has alarms. If I lose it I’m out $29 and it most likely doesn’t make me a target like the Rolex. Of course mine doesn’t appreciate it value.