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Power-Cutting Burglars Target Jewelry Stores in Northeast

The trend has spread to New Jersey and Connecticut.

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The Jewelers’ Security Alliance reports that power-cutting thieves have been targeting jewelry stores in the Northeast.

The latest incidents took place in New Jersey and Connecticut. The pattern has played out in many states, with burglars cutting jewelry stores’ power lines in order to disable alarm systems, but previously had occurred mainly in the West, Midwest and South.

These are the incidents the JSA reported in a bulletin to retailers:

Morris Plains, NJ, July 27

At 6:45 p.m. on a Sunday evening two males and one female cut the power to a retail jewelry store, but police reported they left without trying to get inside the store. The same gang was reported to have done the same thing at jewelry stores in Sparta, NJ, on July 26, 2019, and in Bedminster, NJ.

Darien, CT, Aug. 8

At 11:20 p.m. suspects turned the power off at a downtown jewelry store at the outside electrical box. The power interruption tripped the burglar alarm, and the suspects waited for the police response. On Saturday, August 10, the same suspects returned at 6:20 p.m. and again turned the power off. It is believed that the suspects again waited to observe police response, and to wait for the back-up battery to be exhausted. However, no entry was made to the store. 

Fairfield, CT, Aug. 11

Between 3:00 a.m. and 4:00 a.m. on Sunday, August 11, a retail jeweler received a call from his alarm company regarding the loss of power to his store. The jeweler discovered the electrical meter cover had been pried off the box. The police responded and no suspects were observed.

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JSA reported in June that it was aware of over 50 cases in which burglars had cut power lines.

The burglars cut the power lines soon after a store has closed for the night, then wait nearby to see the response by the owner or police, according to JSA.

The burglars have not carried out safe burglaries at all of the stores.

 

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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Kate Middleton Shows Off Mysterious New Diamond Ring

Observers of the royal family don’t recognize the piece.

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Kate Middleton, Duchess of Cambridge, appeared at a public event last week wearing a piece of jewelry previously unknown to observers of the royal family.

On her right ring finger, opposite the well-known sapphire and diamond engagement ring she wears on her right hand, was a large diamond ring, Town & Country. The occasion was the Diplomatic Corps Reception at Buckingham Palace.

The duchess also wore the Lover’s Knot Tiara, a piece that dates to 1913 and which was favored by the late Princess Diana.

In photos, it’s hard to see the exact design of the new ring. Town & Country writes that it’s “unclear at this point if it is a wholly new design, something from the royal collection, or perhaps existing stones fashioned into something bespoke for Kate.”

Read more at Town & Country

 

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Uncut Gems Features Adam Sandler as a Jeweler and May Be His ‘Best Work Ever’ (with Video)

It hits theaters today.

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Uncut Gems, which features Adam Sandler as a jeweler, hits theaters today, and critics say it might his best work yet.

In a review for Entertainment Weekly, Darren Franich calls Sandler’s performance “loud and meaningful, hyperbolic yet terribly human.”

In the film from Josh and Benny Safdie, Sandler plays Howard Ratner, described on the movie’s official website as “a charismatic New York City jeweler always on the lookout for the next big score.”

“When he makes a series of high-stakes bets that could lead to the windfall of a lifetime, Howard must perform a precarious high-wire act, balancing business, family, and encroaching adversaries on all sides, in his relentless pursuit of the ultimate win,” according to the site.

Franich gives the movie an A-, noting that Sandler “exudes the self-lacerating melancholy familiar from his acclaimed dramatic work in Punch-Drunk Love and The Meyerowitz Stories (New and Selected).” In a headline, Entertainment Weekly says the film may be Sandler’s “best work ever.”

The New York Times, meanwhile, rates the movie as a “Critic’s Pick.” Reviewer

Watch the trailer below.

Read more at Entertainment Weekly

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Sales Remain Strong, But Jewelers Moderate Expectations a Bit for 2019 Holiday Season

45% of jewelers in our survey say the season is in line with their projections.

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JEWELERS TEMPERED THEIR expectations for the 2019 holiday season as we entered the second week of December with about one in four store owners telling an INSTORE Mini Survey they had fallen behind target. That compared to just 14 percent who were similarly downbeat following a robust Black Friday opening.

Overall, sales were still strong though. Seven percent of jewelers said they were having a “terrific” season so far, 24 percent said it was better than expected and 45 percent said it was in line with their projections.

“Traffic is up but I was expecting higher traffic as this is our fourth Christmas and have really increased sales over the last year,” said Christopher Sarich, the owner of Noah Gabriel & Co. Jewelers in Wexford, PA.

Tickets continued to be strong with more than a third of jewelers saying their average sale was over $600, while a similar portion of store owners said their store traffic was up over last year (see charts below).

Diamond sales of all kinds — bridal, studs, design, fashion and lab-grown — continued to do well with almost half of the jewelers in our survey citing diamond jewelry as their best-selling item. Custom was also doing well.

“Custom! Everything from scratch to customized assembly,” said Jennifer Farnes, owner of Revolution Jewelry Works in Colorado Springs, CO.

Given the overall health of the economy and consumers’ appetite for jewelry, this could also be a good season to move aged inventory, suggested Jill Hornik, owner of Jae’s Jewelers in Coral Gables, FL.

“This is the perfect time for an inventory reduction sale to get rid of old stock. We put over 200 items over 5 years old into our case normally designated for a silver designer, and have made 31 times the revenue we normally would within that same case space.”

The second 2019 Holiday Season Mini survey was taken on Monday by 112 independent jewelers who are part of our Brain Squad readers group. We will send out more surveys over the course of the holiday season. Look out for the results each Tuesday.

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