its an easy repair. any reputable electronics shop can just shorten it up a tiny bit (like 1/8") and strengthen that section with some shrink tube
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If you are DIY, then you need to unscrew the base and apply the heat shrink tube under that section covered by the base, too, otherwise it may actually weaken it faster. Hopefully heat shrink tube will shrink enough because it is going to need a wider diameter to get it over the plugs if you can't desolder the wires. if not, and you dont feel comfortable with the soldering, I would just use some electrical tape or the vulcanizing rubber tape - same deal - unscrew the base of the connector and start the application at that spot.
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you could also change out the lemo plug to one that has the supporting sleeve. Not really sure why that style was used...
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