jewelry insurance News

Tiffany’s Fooled by Thief’s $255K Diamond Ring ‘Switcheroo’

A jewel thief who is wanted in connection with crimes committed from Florida to South Korea stole a diamond ring worth $255,000 from a Tiffany store in New York by switching it with a cubic zirconia replica, authorities said. The …

Burglars Targeting South Asians Stole $4 Million in Jewels Over Six Years

A burglary ring that allegedly stole more than $4 million worth of jewelry mostly from the homes of South Asians in over two dozen communities has been broken up, the Massachusetts State Police said. Four people, including two brothers, were …

Jewelry Group Reports Highest Number of Crimes Ever Reported

The number of crimes against jewelers jumped to 2,211 in 2022, the largest number ever recorded, according to an annual crime report by the Jeweler’s Security Alliance. The total was 31.1% above the 1,687 crimes reported in 2021. “Crime trends …

Richemont Builds Digital Platform to Help Police Fight Watch, Jewelry Theft

Richemont is building a digital platform to help police forces worldwide fight theft of luxury watches and jewelry. The platform is open to the entire luxury industry and owners can register their collections using the brand and serial numbers, the …

BriteCo Launches Independent Agent Program

BriteCo jewelry insurance today launched its new Agent Program, which will enable independent insurance agents in the United States to offer BriteCo jewelry insurance to their clients. Per a press release, agents in the program gain access to BriteCo’s cutting-edge …

BriteCo Launches Online Jewelry Insurance Program

BriteCo jewelry insurance has launched a program to insure fine jewelry and watches that can be quoted and bound online offering enhanced coverage and a monthly pay option. The new insurance offering is backed by Glencar Insurance Co. Consumers can …

PURE Rolls Out Restructured Jewelry Insurance in Connecticut

The PURE Group of Insurance Companies (PURE Group), which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has restructured its jewelry insurance to include more protection for losses …

Jewelers unBLOCKed Appointed MGA for Tokio Marine

Tokio Marine Management & Insurance Companies (TMM) and Jewelers unBLOCKed (JUB) have entered into an exclusive agreement to offer jewelers block insurance coverage in the United States. The program will provide a range of coverage and customized options for jewelry …

RLI Launches Personal Jewelry Insurance Product

RLI Insurance Co. has launched a new, online jewelry insurance product that will be led by Michael Maley, assistant vice president. RLI will provide customized coverage of fine jewelry, diamond and engagement rings and watches against damage, theft and loss …

Alabama Store Owner to Plead in Jewelry Insurance Fraud

The former owner of a Mountain Brook, Alabama jewelry store has agreed to plead guilty in a missing diamonds case. Court documents filed last Friday show Joseph Harold Gandy of Vestavia Hills has agreed to plead guilty to money laundering …