Jewelry stores sell highly valuable products, attracting potential buyers and unwanted visitors. Theft is a common concern in this industry, but there are many ways to protect your business and minimize risks. High-quality store security is essential for keeping those on your property safe while upholding the integrity of your products and business.
The Importance of Jewelry Store Security Systems
United States jewelry firms lost more than $129 million to crime in 2022. The right security systems and measures are essential to protecting your property, inventory, guests and employees. Other benefits of security systems include:
- Securing restricted areas: You likely have several areas the general public cannot access. Spaces like storerooms, offices and safes are vital for businesses, and knowing who is accessing these areas and when is essential. Arming particular locations with security measures can prevent people from entering these areas and promptly alert you if there is unauthorized access.
- Monitoring environmental changes: You can arm many security systems with carbon monoxide and fire detection devices to monitor environmental changes that could affect your business or employees. If these sensors are triggered, the authorities can respond immediately, and you can ensure the most effective response.
- Saving money on insurance: Security systems can save money by reducing theft. Additionally, businesses may be able to afford more economical insurance policies with security measures in place.
- Attracting more customers: Guests want to feel comfortable and safe when they enter your business. Installing a new system can provide a sense of ease that can encourage more people to walk through your doors.
- Finding peace of mind: One of the most significant advantages of these systems is providing peace of mind that you’re protecting your business. Most systems are compatible with virtual monitoring, so you can check on your business while you’re away from the property, allowing you to feel secure at all times.
- Gaining quick responses from authorities: Alarm systems and other security measures alert authorities when there is a problem, increasing the chances they can apprehend offenders and reduce the amount of damage they could do. Rather than relying on a phone call during a crisis or waiting until the following day to discover a problem, your security system will ensure you get help as soon as you need it.
6 Tips on How to Prevent Jewelry Store Thefts
Evaluating your current security measures and implementing high-quality solutions can protect the precious jewelry in your facility. Theft can occur during and after operating hours, making it imperative to invest in a security system that will give you peace of mind at all times. Below are several jewelry store theft prevention tips for your business.
1. Evaluate Current Security Measures
Jewelry store security begins with evaluating your current measures to identify where to improve security. Consider the following:
- Type and number of reported incidents: If you have a record of prior incidents, determine where you have common problems. For example, if you’re noticing patterns pointing to daytime theft, equipping your daytime staff with the right training may help.
- Time to detect an incident: Security systems empower you to respond promptly to incidents. If you’re noticing delays between incidents and detection, it’s time to step up your security.
- Cost per incident: Evaluating your lost costs can help indicate that you need additional security. With millions of dollars worth of precious items, protecting your investments is essential.
2. Install Access Control Systems
Access control systems can significantly reduce the risk of criminals finding ways to bypass your existing security measures. These systems provide you with reliable protection while allowing you to control who exits and enters your property remotely, implement lockdowns in emergencies and monitor the activities of employees and vendors. You can also create specific zones to restrict access to offices, safes and storage rooms to protect high-value products.
3. Complete Employee Training
Employee training is a simple and effective way to boost security. Take the time to train every employee on the proper procedures for identifying potential issues, using secure online processes, following proper opening and closing routines and understanding what to do if an incident occurs. These steps can prepare your employees for emergencies and ensure there is an appropriate response if one occurs.
4. Watch for Signs of Fraud
Theft can occur in the form of fraud. Detecting these signs can be challenging, but analyzing every transaction and recognizing when to stop a transaction can save you thousands of dollars. Some warning signs of customer fraud include:
- Placing orders that are larger than usual.
- Buying multiple of the same item.
- Shipping many different orders to the same address.
- Making purchases with the same credit card but sending them to different addresses.
- Using multiple cards to complete one order.
- Using a freight forwarding service for shipping.
- Providing fake information such as false phone numbers or email addresses.
- Focusing heavily on shipping details.
- Shopping without considering item details.
- Checking out and leaving quickly.
- Arriving as the store is opening or closing.
- Signing for purchases sloppily or slowly.
- Having to double-check credit card details on a separate document.
- Appearing agitated or nervous.
- Using credit cards with a damaged hologram, signs of re-embossing or altered signature panel.
5. Install Video Surveillance
Surveillance systems are some of the best ways to prevent theft. Commercial video surveillance systems allow you to meet unique business protection requirements so you can access the security you need. With the right video surveillance system, you and your employees can monitor all activity in the store, so you always know what’s going on. Additionally, surveillance systems can be a deterrent for criminals because they know you’re watching.
6. Install an Intrusion Detection System
Intrusion detection provides you peace of mind by protecting your facility after hours. These systems offer cellular monitoring, remote access, duress monitoring and open and closing reporting. These features ensure you can monitor all of your facility’s activities from anywhere and ensure you can get help as soon as possible if an incident occurs.
Secure Your Minneapolis Jewelry Store With Lloyd Security
Lloyd Security is a security company you can trust. Locally owned and operated, our team provides fully integrated and customized video surveillance and security to those in the Twin Cities area. We offer extensive security solutions to meet your business’s unique needs.
Whether you want to upgrade an existing system or need to determine which options are best for your business, we can help. Contact us to learn more about our services and how we can protect your facility.
