Connect with us

Headlines

Jewelers’ Crime Losses Drop 26% to Hit Record Lows

Losses declined to $53.4M.

mm

Published

on

Dollar losses from crimes against U.S. jewelry firms decreased by 25.9% from 2017 to 2018, hitting record lows, according to the Jewelers’ Security Alliance’s 2018 Annual Crime Report.

Losses declined to $53.4 million in 2018 from $72.1 million in 2017. The 2018 figure represents a 75% decline in dollar losses since 1999 on an inflation-adjusted basis.

Podcast: Jeffrey Samuels on How to Build a Business to Support a Lifestyle
JimmyCast

Podcast: Jeffrey Samuels on How to Build a Business to Support a Lifestyle

Maximizing Your Business Potential Is Easier Than Ever With the Zing™ Platform by Jewelers Mutual® Group
Podcasts

Maximizing Your Business Potential Is Easier Than Ever With the Zing™ Platform by Jewelers Mutual® Group

Find Out Why So Many American Jewelers Are Loving Thai Jewelry (and Gemstones)
Sponsored Podcasts

Find Out Why So Many American Jewelers Are Loving Thai Jewelry (and Gemstones)

“Due to support from the industry, JSA has been able to add substantial resources to its crime analysis and intelligence capability, its reward program and its crime information-sharing effectiveness,” said John Kennedy, JSA president. “In addition to informing the industry with frequent Crime Alerts, JSA shares detailed intelligence information regarding jewelry gangs, suspects and crime patterns with the FBI and other law enforcement agencies, both here and abroad, on a daily basis. JSA receives countless messages of thanks from law enforcement personnel for information that has helped in their investigations, and from jewelers who have prevented crimes.”

JSA’s Report indicated both the ups and downs of U.S. jewelry crime statistics for 2018:

  • The total number of crimes increased from 1,394 in 2017 to 1,441 in 2018.
  • Dollar losses from off-premises crimes (such as against traveling salespersons or losses at shows) decreased from $18.1 million in 2017 to $7.2 million in 2018, a record low since at least the 1980s.
  • Smash-and-grab robberies rose from 71 in 2017 to 129 in 2018, an increase of 81.6%, while arrests of smash-and-grab jewelry criminals increased from 28 in 2017 to 65 in 2018.
  • One jeweler was killed during a robbery in 2018, tied for a record low since 1980, compared to five in 2017.
  • Jewelers in mall locations experienced 66.4% of all on-premises crimes in 2018, compared to the crimes at all locations such as strip centers, downtown locations or standalone stores.
  • Grab-and-runs were the most frequently reported crime, with 641 cases.

Kennedy said, “A big advance in JSA’s work, and an important element in the reduction in crime, has been JSA’s growing ability to map crime patterns and target hot spots, and to work with multiple law enforcement agencies spanning many states and jurisdictions to coordinate information sharing on suspects and gangs. When JSA sees a crime pattern emerging, JSA is able to be all over it. Information goes out to JSA’s Members, to the broader industry, to the trade media, and a dialogue is opened with the relevant FBI or other law enforcement personnel, including agencies in other countries.”

Get a copy of the full report here.

Advertisement

JSA is a non-profit trade association providing crime prevention information and services to the jewelry industry.

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Downsizing? Wilkerson Is Here to Help

Orin Mazzoni, Jr., the owner of Orin Jewelers in Garden City and Northville, Michigan, decided it was time to downsize. With two locations and an eye on the future, Mazzoni asked Wilkerson to take the lead on closing the Garden City store. Mazzoni met Wilkerson’s Rick Hayes some years back, he says, and once he made up his mind to consolidate, he and Hayes “set up a timeline” for the sale. Despite the pandemic, Mazzoni says the everything went smoothly. “Many days, we had lines of people waiting to get in,” he says, adding that Wilkerson’s professionalism made it all worthwhile. “Whenever you do an event like this, you think, ‘I’ve been doing this my whole life. Do I really need to pay someone to do it for me?’ But then I realized, these guys are the pros and we need to move forward with them.”

Promoted Headlines

Most Popular