News

Advanced Search

Jewelry Industry's Crime-Based Loss Down 6%

Mar 18, 2010 3:15 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Crimes against the jewelry industry in terms of dollar losses during 2009, fell 5.6 percent to $97.7 million, according to the Jewelers Security Alliance (JSA).  The total number of crime incidents however rose 3.5 percent to 1,557.

JSA noted that some significant trends emerged in the course of the year. Off-premises attacks, which were conducted primarily against traveling salespersons, declined by 27 percent in 2009 to 137 incidents, the lowest annual total to be posted since the 1980s.

"Two major reasons for this decline were greater enforcement by local police and the FBI, and a significant decrease in salespersons on the road due to the economy," JSA's annual crime report explained.

The number of on-premises robberies, which primarily involved retail jewelers, increased by 14.2 percent compared with 2008, while by dollar value, these crimes were up by 27.1 percent. There were 58 rooftop burglaries of retail jewelers in 2009, a sharp increase over previous years, with Florida being hit the most frequently by this type of break-in.

There were 520 arrests of suspects who committed crimes against the jewelry industry in 2009, a 22.4 percent increase from 2008.

LH

Tags: Economy, Jeff Miller, Jewelry, Robberies
Similar Articles
Birks GroupBirks Sales Rise Pre-Pandemic
Jul 12, 2020
Birks Group’s sales increased sharply in the latest fiscal year as three of its major retail stores
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.