Unfortunately, this is becoming a "thing". In Europe, this term is "Rolex Rippers".
https://luxurylaunches.com/watches/why-jim-ratcliffe-wont-wear-a-watch.php
Most of the time you are safe in your "natural habitat". Aka, the well-off places in your city.
But go to "Times Square" or other tourist areas and you are likely to be targeted. Usually, it is not broad daylight. Situational awareness is very important.