When jewelry is lost or damaged while traveling, the sense of panic doubles. You’re far from home and don’t have easy access to the resources you might normally consult – your jeweler, the local police, your insurance company.
Located on South Wabash Avenue in Chicago, the 21-story Mallers Building on Jewelers Row houses more than 180 jewelry businesses that specialize in design, manufacturing and jewelry repair.
Shortly before 2 a.m. on April 25, 2018, a three-alarm fire broke out in the 107-year-old building, forcing these businesses to temporarily relocate. It’s been almost a full year since that devastating fire.
The holiday's may be over, but Valentine's Day is within sight. Use the time you have now to make sure your jewelry store security is strong not only for the next big shopping day, but for the rest of the year.
Neglecting security measures early on could leave your business exposed during a time when crimes against jewelers tend to escalate. Plus, not getting in the habit of security best practices will only get more difficult to change as the year progresses.
Reference these tips for a quick health check on your overall jewelry store security:
If you don't have questions about how to improve the security at your business, that's not a comforting sign — especially before holiday shopping ramps up.
With technology transforming the world of safes, alarms, surveillance systems, and other essential physical and electronic security features, there's plenty for jewelers to ponder. Couple that with how to improve procedural security by educating staff and there's an abundance to consider.
You researched the 4Cs; you asked your significant other's parents for their blessing, and you made one of the biggest purchases of your life - the engagement ring.
For many, the engagement ring is one of the most expensive purchases you encounter after a home or a vehicle. It's highly unlikely that you'll misplace an entire building or a car, but that tiny, precious ring might be a little nerve-wracking to keep track of.
A lapse in security at any point during the year creates unnecessary risk for your jewelry business. Given the impact holiday shopping has on your year-end results, weaknesses in your security program become even more dangerous.
That's why David Sexton, vice president of loss prevention at Jewelers Mutual Insurance Group, covered four areas jewelers need to focus on in the webinar Holiday Security for Jewelry Businesses.