Crime Against U.S. Jewelers Rises to $103.5 millionSeptember 26, 28
The rise in the value of losses reversed a 10 year trend. Losses had fallen 39 percent from $173.30 million in 1999.
There were 425 arrests of criminals involved in the 1505 crimes, down slightly from 446 arrests in 2007.
Thursdays were the most crime-prone days, with 20 percent of the total events taking place on that day. Sunday, when many businesses are not open, was the least likely day for a robbery to occur.
Some of the incidents were violent ones that ended in deaths. On July 2, a retail jeweler in Grand Haven,
Police officers shot and killed three robbers while jewelers shot and killed five robbers, JSA reported.
Ten years ago, an average of ten to 15 jewelers were killed each year during robberies.
Burglary losses in 2008 totaled $19.9 million. The largest loss, $1.5 million, took place in
“The popular wisdom is that crime will rise when economic times are tough, however, history has shown that the incidence of crime against the jewelry industry is more complicated than that,” said John Kennedy, president of the JSA. “It is extraordinarily rare, for example, for someone who has lost their job or had their house foreclosed to commit an armed robbery of a jewelry store.”