£250m worth of jewellery is lost or stolen each year, according to research from jewellery claims specialist Loss Management Group (LMG).
In its survey, LMG revealed that in the last 12 months, n ...
£250m worth of jewellery is lost or stolen each year, according to research from jewellery claims specialist Loss Management Group (LMG).
In its survey, LMG revealed that in the last 12 months, nearly one million pieces of jewellery including over 365,000 rings, 184,000 watches and 121,000 earrings were either lost or stolen.
Also reported missing were some 75,000 pendants, a similar number of necklaces, nearly 40,000 bangles and over 25,000 cuff-links.
LMG managing director Tony Le Fevre said the financial implications were huge. "Jewellery loss costs £250m a year, yet the reality is that only a very tiny percentage of lost or stolen items is ever recovered," he said.
"Because gemstones are indestructible and precious metals easy to recycle, it's relatively simple for crooks to profit time and time again from the theft and subsequent resale of jewellery."
