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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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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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