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Jewelry Crime Drops as Security Improves

Aug 9, 2016 9:50 AM   By Rapaport News
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RAPAPORT... Losses from crime against the diamond, jewelry and watch industry decreased 7.2 percent to $30.8 million in the first half of the year, according to the Jewelers’ Security Alliance (JSA). The number of crimes also fell, down from 562 to 528.

“While violence and large losses still pose a major threat to the industry, the long-time trend of overall losses is still heading down,” said John Kennedy, president of the JSA. “Improved security measures by jewelers, greater sharing of information on crimes and suspects, and excellent work by the FBI, ATF, and local law enforcement agencies around the country have all contributed to improved results.”

During the six-month period, there were 30 smash-and-grab robberies and more than 40 gunpoint robberies, which accounted for most of the large losses, the organization said. Violence in these cases included shootings, pistol whippings and the use of pepper spray. There were 10 cases, an unusually large number, according to the JSA, in which burglars used vehicles to enter retail jewelry stores, and 20 cases of burglars breaking in from the roof, side walls or an adjoining business rather than through a window or a door.

Other crimes included 187 grab-and-runs, 49 distraction thefts and 36 “sneak” thefts.

The JSA found that thieves used credit cards and counterfeit drivers’ licenses to carry out numerous fraudulent transactions, especially when targeting high-end watches.
Tags: crime, fraud, jewelers, Jewelers’ Security Alliance, Jewelry, jewelry crime, John Kennedy, JSA, Rapaport News, retail, Robberies, theft, violence
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