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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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