Crime

Why the Trade Has Been Getting Back Invoices from Brinks

CrimeOct 20, 2020

Why the Trade Has Been Getting Back Invoices from Brinks

National Jeweler speaks with a Brinks executive about a situation that has been causing major frustration for members of the jewelry industry.

2020_Brinks-logo.jpg
New York—Over the past several months, many members of the fine jewelry industry have been receiving back invoices out of the blue from Brinks.

Some claim these invoices, which date as far back as 2015, were for charges that had already been paid, while others said they couldn’t get a clear explanation of what they were being charged for.

Either way, these invoices have been causing frustration and kicking up chatter, so National Jeweler went to Brinks to ask for an explanation.  

In a recent phone interview, Jim Horgdal, president of Brink’s Global Services USA, explained the issue, which started with a former employee who was indicted for embezzlement, has been convicted and is now cooperating with Brinks Global Services on the issue.

The embezzlement scandal created several issues for the company, including the misrepresentation of its ledger.

This resulted in some cases in which customers who owed money ended up with a zero balance and vice versa, Horgdal said. Brinks has spent millions fixing the problem.
Additionally, a year ago, Brinks switched to a new ledger system.

Once reconciliation of the books was completed, the company loaded them into the new ledger and started communicating with customers about what the new records showed, sending out statements beginning in March.

“The conversations we’re having with our customers are, ‘Here is the ledger. We’ve gone through and spent the time and money to make sure all your payments were properly applied. This is the best information we have. If you have different information, additional information, please reach out to us and we will work with you to reconcile this.’”
In the industry, the Brinks back invoice issue has created quite a few headaches.

One colored stone wholesaler, who reached out to National Jeweler and asked not to be named, said when his company asked for copies of the invoices from Brinks that the latter claimed are unpaid from 2017, all they provided was a statement of the account.

Meanwhile, a jewelry appraiser who came forward said the issue he’s having concerns an invoice for a 2016 transaction in which Brinks didn’t make an overnight delivery on time.

The Brinks accounting department admitted to the error via email correspondence back when the transaction occurred, the appraiser said, but he no longer has access to the email account in which it is stored.

The issue went “fairly dormant” after that, he said, until recently when his company began receiving notices from a collection company that it owed money to Brinks.

When the appraiser asked the collection company for a copy of the original invoice, the company couldn’t provide it, he said.

What happened to the appraiser seems to be a common story among those affected by the Brinks back invoice issue—they’re not able to get a straight answer, or even talk to someone at Brinks for an explanation.

Horgdal said Brinks doesn’t have enough customer service employees to handle the volume of calls it’s been receiving, so it changed the system to route pertinent outreach from clients from customer service to credit collection to talk to the department directly to address the issue, Brinks said.

He added the collection agency has been advised to refer any requests for invoice copies to Brinks to address.

Horgdal also said they’ve also been trying to communicate as much as possible with the industry at large, working with various trade organizations—including a conference call in August with several industry leaders—as well as reaching out directly to clients whose email addresses they have to communicate ways to reach Brinks.

“We’ve sent out thousands of statements to thousands of customers. There is not one instance where we believe a customer doesn’t owe us money,” Horgdal said. “If they can show us otherwise, we’ll gladly correct the records.”

But it’s not easy for everyone who might not have retained documents to prove every payment for shipments a few years back.

One gemstone dealer and jewelry manufacturer in New York, who received invoices dated as far back as 2015, said his company keeps shipment records for two to three years but no longer, adding he believes this is normal in the industry.

It’s also a question of how much time business owners have to spend on an issue like this.

“For me to sit there and spend a week, maybe more, to pull up things from five years ago, analyze movement by movement, country to country, shipment by shipment, and then come up with things we’ve paid, it is absolutely not something I’m willing to accept,” that same dealer said.

To the former concern, Horgdal said Brinks has been able to “amicably settle” with many customers who are unable to provide evidence of past payment and reach an understanding where they provide other relevant information that might help the company validate past payments, including reports from their accounting system or email communications, among others.

There’s also has been chatter about Brinks holding packages until back invoices are paid.

To that, Horgdal said: “Nothing could be further from the truth.”

Brinks has stressed to the industry that it won’t hold packages for any customer who is working with the company to resolve accounts receivable.

The bottom line, Horgdal said, is for industry members to at least be communicating with Brinks rather than ignoring the invoices.

For those with overdue balances, Brinks asks they contact their assigned collector to discuss the account and options.

To request copies of statements and/or invoices, customers can email Brinks at bgsus.docrequest@brinksinc.com. 
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.
tags:

The Latest

Stock image of a person holding holidays bags
SurveysOct 09, 2026
These Will Be the 10 Busiest Days for In-Store Shopping This Holiday Season

Stores should expect to see the most customers on Nov. 27, and Christmas week is expected to be hectic too, as Dec. 25 falls on a Friday.

Elisa Solomon x Serendipity 3 Frozen Hot Chocolate Charm
CollectionsOct 09, 2026
Elisa Solomon Collabs With Serendipity 3 on ‘Frozen Hot Chocolate’ Charm

The charm, our Piece of the Week, features brown diamond frozen hot chocolate topped with white diamond whipped cream and a ruby straw.

8 carat fancy blue diamond
AuctionsOct 09, 2026
8-Carat Blue Diamond Goes Unsold at UK Jewelry Auction

The top lot of Elmwood’s recent fine jewelry sale in London was a 1.84-carat, D color Tiffany & Co. solitaire diamond ring.

1872 x 1052 Gemolite.jpg
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

Experience gemstones with greater precision and comfort than ever before.

Ebel sport classic watch
WatchesOct 09, 2026
Movado to Sell Majority Stake in Ebel for $66.5M

The watch company agreed to sell a 95 percent interest to a group comprised of F.P. Journe, Chanel, and Swiss watch exec Pierre Jacques.

Weekly QuizOct 08, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Stock image of paper money and coins
Policies & IssuesOct 08, 2026
Third Wave of IEEPA Tariff Refunds Begins

This round of tariff refunds is for importers that have sued over IEEPA tariffs in the Court of International Trade and won.

Brent Neale Back to Basics Collection Pink Garnet Capsule
CollectionsOct 08, 2026
Brent Neale’s New Collection Goes ‘Back to Basics’

It revisits the brand’s most requested silhouettes, from "Pillow"-set necklaces and bracelets to "Signature"-set rings and earrings.

Cover.jpg
Brought to you by
Your Piece Could Be the One Editors Talk About

Submit your pieces for a chance to win in this year's competition.

Ethical Gem Fair Brooklyn
SourcingOct 08, 2026
Ethical Gem Fair Heads Back to Brooklyn

The trade-only event includes buying opportunities as well as educational sessions on artisanal mining, the new Paraíba source, and more.

Ara Chanakian Overall Design Winner
Events & AwardsOct 08, 2026
Pattons Fine Jewelry Sweeps Local Design Contest

Ara Chanakian, a jeweler at Pattons, took home top honors in every category at Jewelers of Louisiana’s annual jewelry design competition.

Reba McEntire belt buckle
AuctionsOct 08, 2026
Reba McEntire’s Jewelry, Watches Head to Julien’s Auctions

The live charity benefit sale in Nashville will also feature gowns, boots, and other memorabilia from the country music legend.

overnght sb 1026.png
Supplier BulletinOct 08, 2026
Overnight Mountings’ Bridal Builder Helps Jewelers Turn Custom Design into a Hands-On Selling Experience

Sponsored by Overnight Mountings

The entrance to The Plumb Club pavilion at JCK Las Vegas
Policies & IssuesOct 07, 2026
The Plumb Club Amplifies Its Voice as Geopolitical Pressures Mount

The supplier organization recently joined JA and JVC to have more input on political issues affecting the jewelry industry.

Woman wearing Blue Nile Royal Asscher jewelry
CollectionsOct 07, 2026
Blue Nile, Royal Asscher Collection Highlights Natural Diamond Beauty

Blue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.

Audemars Piguet Risoud Eclipse Necklace
CollectionsOct 07, 2026
4 Standout Pieces in Audemars Piguet’s First High Jewelry Collection

“Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.

Juan Morales and Joseph Nicosia
MajorsOct 07, 2026
Empire Safe & Vault Promotes Juan Morales to CEO

As part of the transition, Joseph Nicosia has stepped into the role of COO.

American Gem Trade Association logo
SourcingOct 07, 2026
AGTA Extends Deadline for 2026 Spectrum Awards Entries

Participants now have until Oct. 14 to complete their submissions.

The Retail Smiths Principal Partner Sherry Smith
ColumnistsOct 06, 2026
Sherry Smith: Is the Consumer Really Trading Up?

Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.

Molly Stillman @fashionveggie, Beth Jones @bjonesstyle, Helene Cortez @cortezhelene, and Haley Jordan @haleyjordan12 
SourcingOct 06, 2026
DDG Taps Influencers for ‘My Diamond Does Good’ Campaign

In the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.

Bryan Cowan and Tom Schwartz
MajorsOct 06, 2026
Frederick Goldman Names COO, CMO

FGI President John Orrico is also leaving the company after more than 13 years.

JIS Miami fall
Events & AwardsOct 06, 2026
JIS Fall Returns to Miami

The 2026 edition will feature presentations on alternative materials and design trends, as well as pop-up activations on the show floor.

Gahcho Kue rough diamonds
SourcingOct 05, 2026
De Beers to Take Full Ownership of Gahcho Kué

It is the last fully operational diamond mine in Canada following the recent closures of Ekati and Diavik.

Tiffany gold cat pin Sandy Lerner
AuctionsOct 05, 2026
The Star Cats of the Sandy Lerner Auction

These jewels stood out at Bonhams’ sale of the cat-loving tech entrepreneur’s collection of objects depicting the feline form.

Sorellina Postscript Collection Campaign Imagery of Paper Plane Pendant
CollectionsOct 05, 2026
Sorellina Writes Another Love Letter for ‘Postscript’ Collection

The fine jewelry brand has expanded the collection that debuted at Couture with four new designs based on its most popular styles.

Bruce Bridges CIBJO
SourcingOct 05, 2026
Bruce Bridges Joins CIBJO Board

The AGTA president was elected for a two-year term on the board of directors.

Aerial image of the Lungwebungu River
SourcingOct 02, 2026
De Beers, National Geographic Society Renew Okavango Eternal Partnership

The partnership, a pledge to protect Africa’s Okavango River Basin, has been extended for an additional five years.

Pandora facility Vietnam front view
MajorsOct 02, 2026
Pandora Opens New $150M Manufacturing Facility in Vietnam

The new facility, its first outside of Thailand, will boost its manufacturing capacity by 50 percent.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy