Looks like Crystal Report 14.0.X (and earlier) does not support HTTPS Graphic Location
- official reference from 2013.16.01.
Also checkout this thread (from 2013.Feb) where it's mentioned again Graphic Location formula
over HTTPS is not supported.
Unfortunately it seems the issue is still not resolved.
The common suggested workarounds in the SAP's threads are:
using HTTP instead of HTTPS
having the image loaded locally (or from shared location)
use 3rd party tools to pre-download and store the image from the https to another (local) secure location.