Headlines

Crimes Against US Jewelers Fall Nearly 27% From Record High

At the same time, total dollar losses increased.

Published

1 week ago

April 24, 2024

INSTORE Staff

The Jewelers Security Alliance reports that the number of crimes against U.S. jewelers fell to 1,621 in 2023, a 26.7% decrease from the previous year.

At the same time, the total dollar losses from crimes against U.S. jewelry firms reported to JSA was $133.2 million, a 2.9% increase from 2022.

The crime category that experienced the greatest reduction in 2023 was grab-and-run thefts. The number of grab-and-runs declined from 984 in 2022 to 663 in 2023.

“The reduction in the use of face masks, which had become more prevalent as a result of Covid, has made it more difficult for criminals to disguise themselves with masks,” JSA stated in an executive summary of its just-released annual crime report.

According to JSA, while the number of crimes requiring minimal skills by criminals and resulting in relatively small losses declined in 2023, the increase in dollar losses “can be attributed to highly professional criminals and organized gangs carrying out high-dollar crimes resulting in large losses.”

The number of off-premises crimes reported to JSA increased from 65 in 2022 to 100 in 2023. Dollar losses from off-premises crimes reported to JSA in 2023 was $40.4 million. That amounted to an increase of 112.6% from $19 million reported in 2022.

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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