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Jewelers Security Alliance Report: Crimes Decrease by 26.7% in 2023 Despite Rising Financial Losses April 30, 2024 (0 comments)
New York, NY--The Jewelers Security Alliance (JSA) released its 2023 annual crime report, which outlines a decrease in crimes against U.S. jewelry firms but an increase in financial losses.
The report shows that financial losses from crimes against jewelers amounted to $133.2 million in 2023, a 2.9% increase from $129.4 million in 2022. However, the number of reported crimes decreased significantly, with 1,621 incidents in 2023 compared to 2,211 in 2022—a 26.7% reduction.
According to the report, the decrease in crimes such as "Grab and Run" thefts, which fell from 984 in 2022 to 663 in 2023, is partly due to the less frequent use of face masks, which previously helped criminals hide their identities.
The report also indicates increased crimes by organized groups and skilled criminals, leading to larger financial losses. Off-premises crimes increased to 100 incidents in 2023 from 65 in 2022, with financial losses from these crimes jumping to $40.4 million, more than double the $19.0 million reported in 2022.
The complete report is available through the Jewelers Security Alliance. Click here to access the report.