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theJewelrybook Summer'15

Prestige Promenade pearls and sweets

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50 www.thejewelrybook.com A N A LY Z E C R I M I N A L B E H AV I O R J E W E L R S U N B L O C K E D Timing Is Everything As the industry and technology changes over time, so do criminals. Criminals committing any range of crimes will always be reactive to prevention. They will be adapting toward new and improved deterrent methods and ever-changing preventative technologies. The Jewelry Security Alliance (JSA) has reported a rise in dollar losses and a decrease in the amount of jewelry-crime related events in each year since 2012. It is imperative to be conscious of the patterns of criminal events in the jewelry industry that has been provided over the past couple years. Similarly how criminals have to be reactive to the ever changing methods jew- elry stores use to protect themselves, store owners should be aware when analyzing certain trends in the industry in recent years. Judging certain security patterns can better equip store owners into being more prepared if a situation were to arise on-premises. Timing is a major factor in terms of analyzing jewelry criminals' behavior. According to the JSA 's report pertain- ing to on-premises losses criminals are most active during the month of January, whereas, they are least likely to be active in the month of May. To put that in perspective, January and May 2014 accounted for 12.5% and 5.3% respectively of total robbery events in 2014. Another interesting pattern related to the average time of day that most robbery events took place. Between 10:00 AM and 11:00 AM, it was recorded as the most active period for a robbery, while 2:00 PM to 3:00 PM was the second most active time frame. When viewing information the greatest question to ask here is "Why?" Why does January account for close to 15% of all jewelry related crimes in 2014? What makes 10:00 AM to 11:00 AM such an enticing time frame for criminals to commit these crimes? January is one of the colder/darker months of the year, which likely less people will be outside on the streets or shopping. In the mind of a criminal, it would make more sense to attempt to rob a store where there is less likelihood of bystanders to be present. On the other end, people are more likely to be active outside in May, which causes the crime rate to drop around that time of the year. In terms of time 10:00 AM to 11:00 AM are gener- ally hours that most jewelry stores will open for business. Criminals will also view a time like that as a chance to capitalize on unsuspecting store workers. Also, patrons will be less likely to be visit- ing as soon as a store opens so it appears to be a more enticing time frame to a criminal. While it is not possible to totally prevent jewelry crimes from happening, the best thing that store owners and workers should do is to be aware and be prepared. Analyzing simple trends relating to the industry can make a huge difference when it comes to staying vigilant and prepared in the case that a robbery event does occur. About Jewelers unBLOCKed™ Jewelers unBLOCKed™, offered by CED 1976 LLC, provides cus- tomized insurance coverage to meet the challenges of jewelry retailers, de- signers, wholesalers and manufacturers. Jewelers unBLOCKed™ pro- vides the underwriting and issuance of the exclusive jewelers block policy offered through the Chubb Group of Insurance Companies; it also pro- vides tailored insurance programs for the private client and collector. For more information, please visit www.jewelers-unblocked.com. B Y PATRICIA K. LOW, PRESIDENT/CEO OF JEWELERS UNBLOCKED ™ Using Statistics to Analyze Criminal Behavior

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