The middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.

Neenah, Wis.—Jewelers Mutual Group just announced the retirement of a longtime executive.
Vice President of Loss Prevention and Consulting David Sexton, CPCU, is set to end his 39-year tenure with the jewelry insurance company at the end of the year.
Sexton was hired by Jewelers Mutual in 1980 as an underwriting assistant.
Over the years, he’s worked in commercial lines customer service, CL underwriting and specialty account management before taking on his current role in 2004.
As head of loss prevention, Sexton developed and implemented the company’s policy. Jewelers Mutual also credited the longtime executive with maintaining and developing relationships in the jewelry, alarm and law enforcement industries.
Sexton said: “It was never about me, it was always about us.
“I will always treasure the relationships I have made during my association with Jewelers Mutual. My retirement is not an end, but rather a beginning. The leadership of Jewelers Mutual has a clear path for continuing our vital loss prevention mission to provide innovative risk management solutions for the industry we serve, not just insurance.”
Sexton is on the board of directors for the Canadian Jewellers Association and the Jewelers’ Security Alliance, which awarded him its Industry Service Award in 2016.
He is also a member of the 24 Karat Club of New York.
Additionally, he has served on the Underwriters Laboratories Security Systems Council since 1994, also serving as one of its corporate members in the insurance category, and the Central Station Alarm Association’s Insurance Liaison Committee, which helped to develop the UL burglar alarm modular certificate program.
In 2018, Sexton received the American Gem Society’s John J. Kennedy Law Enforcement Award at AGS Conclave in Nashville, Tennessee.
“You’re known by the company you keep,” he said. “It’s all about the people. Working with people to help them solve their risk management challenges has really been the most rewarding aspect of my insurance career.”
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