Latest News Other News Dollar losses from crimes against U.S. jewelers down 29% in 2012

Dollar losses from crimes against U.S. jewelers down 29% in 2012

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(NEW YORK) - Jewelers’ Security Alliance (JSA) has released its 2012 Annual Crime Report covering crime against the jewelry industry in the U.S. The total number of crimes against the industry increased from 1478 in 2011 to 1538 in 2012, an increase of 4%, while total dollar losses decreased sharply from $85.1 million in 2011 to $60.2 million in 2012, a decrease of 29%.

John Kennedy, President of JSA, explained this apparent paradox of an increase in the number of crimes, but a decrease in the dollar losses, by saying: “Lower dollar crimes like grab and runs and three-minute burglaries increased sharply and replaced higher dollar crimes, and this resulted in lower total dollar losses. For example, high-dollar safe attacks decreased 19%, and high-dollar traveling salesperson losses continued their dramatic decline.”

JSA Vice President Scott Guginsky, who oversees JSA’s jewelry crime database and statistics, said: “The crimes that showed a sharp upward trend in 2012 were three-minute burglaries, increasing to 320 from 239 in 2011; grab and runs, increasing to 378 from 326; and smash and grab robberies of high-end watches and jewelry, which increased by 100% from the previous year. An especially disturbing trend was the increase of crime involving retail jewelers away from their place of business, including home invasions and jewelers being targeted outside their residences.”

The Report breaks down by state the 1,538 crimes reported to JSA for 2012. The state experiencing the most crimes was California, with 212, followed by Texas (143), New York (119), Pennsylvania (92) and Florida (85).

Kennedy offered three reasons that dollar losses from crime against jewelers in the U.S. was continuing a sharp decline, saying: “A combination of growing FBI and law enforcement cooperation with the jewelry industry; more sharing of information among jewelers on crimes, suspects and crime prevention methods; and the development of local crime prevention networks of jewelers have had a powerful impact on crime reduction. Jewelers and police are now more than ever aware and knowledgeable about jewelry crime, and over the last ten years this has resulted in a dramatic 63% reduction of dollar losses on an inflation adjusted basis.”

The Jewelers’ Security Alliance (JSA) is a non-profit trade association providing crime prevention information and services to the jewelry industry. JSA, founded in 1883, has 23,000 member locations and works closely with the FBI and law enforcement agencies throughout the U.S.

For more information contact JSA at 800-537-0067, e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit www.jewelerssecurity.org.

 
 
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