Headlines

Jewelers’ Security Alliance Releases 2021 Annual Crime Report

In 2021 the total dollar losses from crimes against U.S. jewelry firms reported by JSA was $70.1 million.

Published

2 years ago

July 8, 2022

INSTORE Staff

NEW YORK – JSA has released its 2021 Annual Crime Report which described how the number of crimes committed against the U.S. jewelry industry exceeded 2019, pre-Covid levels.

John Kennedy, president of JSA, commented, “This Report summarizes information on when, where and how crimes against jewelry firms occurred. Using the information in this Report can help jewelers to become better prepared for dangerous crime risks, and provide for their security needs and services in an effective manner.”

Kennedy urged all jewelry firm owners and their employees to spend time reading and discussing the Report, examining the serious risks that every jewelry business faces, and taking appropriate steps to reduce risk. He reminded jewelers that burglaries, robberies and thefts happen everywhere: small towns, big cities, malls, strip centers and free standing stores coast to coast, and that every jewelry business is at risk.

Notable results from the Report include the following:

The dollar losses from crimes against U.S. jewelry firms reported by JSA for the 20-year period 2002 to 2021 totaled $2.2 billion on an inflation adjusted basis.
In 2021 the total number of crimes committed against U.S. jewelry firms was 1,687, an increase of 17.3% from 2019, pre-Covid, when there were 1438 crimes reported by JSA.
In 2021 the total dollar losses from crimes against U.S. jewelry firms reported by JSA was $70.1 million, a decrease from $83.2 million in 2020. The 2021 losses were also a decrease of 30.6% from 2019, pre-Covid, when dollar losses totaled $101 million due to more frequent but less costly crimes.
Grab & Run thefts increased from 581 in 2020 to 842 in 2021, an increase of 44.9%.
There were 85 smash and grab robberies in 2021, of which 54 were in malls and 12 in strip centers.
The number of on-premises burglaries declined from 633 in 2020 to 311 in 2021, due to fewer incidents of looting and civil unrest. Of the 311 burglaries in 2021, 150 were in malls, including mall kiosks. The average loss from a safe attack increased from $287,000 in 2020 to $639,000 in 2021.

To see a copy of the full report, go to the JSA website at: JSA RELEASES 2021 ANNUAL CRIME REPORT (jewelerssecurity.org) For further information, contact John Kennedy, president of JSA, at 212-687-0328 or jsa2@jewelerssecurity.org.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”