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Jewelry Store Loses $250,000 in Burglary, Faces Possible Closure

The burglary ‘dealt a big blow to the establishment,’ which has been in business for 38 years.

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A jewelry store in San Francisco’s Chinatown lost $250,000 in merchandise in a robbery and now faces the possibility of closing.

Thieves hit Long Boat Jewelry at about 4:30 a.m. on Nov. 16, NextShark reports. The burglary came just days after an incident of vandalism in which the store’s front window was broken, along with the door and fixtures.

The burglary “dealt a big blow to the establishment which barely made it through two years of the pandemic and the restrictions that came with it,” according to NextShark. The store has been in business for 38 years, but owner Rosita Young isn’t sure if she’ll be able to keep it open after her lease expires at the end of the year.

“We are a small retail business, not making much money,” Young told the news outlet.

She said she hasn’t received anything from her insurance company. She said she was told that the policy doesn’t cover overnight thefts if the goods weren’t locked away.

Read more at NextShark

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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