UPS Jewellers Elite Program Extending to Three More US Cities

UPS Capital Corporation, has announced the expansion of its Jeweller’s Elite Program to San Francisco, Philadelphia, and Providence.

The business unit of global packages and freight transporters UPS, which is headquartered in Atlanta and helps customers achieve smarter trade with financing and insurance solutions, will protect against damage to goods in transit up to the sale price, limited to a $150,000 maximum.

Designed specifically to help jewelers protect their high-value shipments, the service delivers time and cost savings by combining UPS shipping with insurance offered through UPS Capital Insurance Agency, Inc.

Dave Zamsky, Vice President of Marketing at UPS Capital, said: “After launching successful programs in Los Angeles and New York, these cities seemed a natural stepping stones for our next expansion. With its Jewelry Center, JewelleryMart and Diamond Exchange, San Francisco is in the top ten US jewellery markets.”

“Philadelphia’s Jewelers' Row is located in the Centre City section and has more than 300 jewellery retailers, wholesalers, and craftsmen; and Providence has been a major center for jewellery manufacturing since the founding of the American Jewellery industry in Providence back in 1798.”

The UPS Capital Jeweler’s Elite Program offers several advantages, including: One-stop claims processing and fast payment; Availability across all UPS service levels, including ground shipments; Streamlined billing on the customer’s UPS invoice with no extra invoices; and coverage for loose stones.

 The protection is designed for international shipments destined for more than 60 countries. Adam Krief, a UPS Capital Jeweller’s Elite Program customer and president of Accuratime, a Los Angeles international watch seller and manufacturer, said: “We’ve worked with other shipping companies that provided insurance solutions, but because of their limitations, we had to separate shipments into smaller value amounts leading to more paperwork, logistics and overall time. This program made sense for us and for our customers, it has also reduced the amount of time filing claims.”

Another solution created to protect high value shipments includes UPS Proactive Response Secure. This unique service combines proactive monitoring of packages and if necessary, intervention and remediation plus insurance through UPS Capital Insurance Agency. According to Tarek Saab, Chief Operating Officer and co-founder of Texas Precious Metals, “this service is helping to transform the precious metals industry.”