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Israel theft
Diamonds Stolen from Israel Bourse Event
A man allegedly stole a briefcase of diamonds worth tens ofthousands of dollars from the Israel Diamond Exchange (IDE) last week.The theft took place on Monday at InternationalDiamond Week in Israel (IDWI), which ran for three days...
Financial-Legal Feb 03, 2019 Rapaport News
Diamond swapping
Trade ‘Blind to Diamond-Swapping Threat’
Diamond dealers are failing to protect themselves against stone-swapping,and are instead waiting until an expensive loss occurs before taking action, equipmentsuppliers have warned. The switching of natural diamonds with synthetics or otherlower-value goods is a common...
Technology Aug 15, 2018 Joshua Freedman
Amsterdam Schiphol  airport
Dutch Police Nab Suspects in $72M Heist
Seven people have been arrested on suspicion of involvementin a multi-million dollar diamond robbery at Amsterdam’s Schiphol airport 12years ago, the Associated Press (AP) reported.The five men and two women, all of them Dutch nationals,were...
Financial-Legal Jan 22, 2017 Rapaport News
Crime-Yellow Tape
Jewelry Crime Drops as Security Improves
Losses from crime against the diamond, jewelry and watch industry decreased 7.2percent to $30.8 million in the first half of the year, according tothe Jewelers’ Security Alliance (JSA). The number of crimes also fell,...
Financial-Legal Aug 09, 2016 Rapaport News
Mall
U.S. Retail Losses From Shrinkage Cost $44B
U.S. retailers lost $44 billion from inventory shrinkage in 2014, according to the National Retail Federation/University of Florida National Retail Security Survey. While the group has measured retail shrinkage annually, totaling up the cost...
Research Jun 24, 2015 Jeff Miller
court
Judge Sentences Former Jeweler for Money Laundering, Wire Fraud
U.S. District Judge Karon O. Bowdre sentenced former jeweler Joseph Harold Gandy to three years and nine months in prison, to pay $20,000 in restitution to jewelers and to forfeit $1.5 million in diamonds and jewelry to the government,...
Financial-Legal Apr 15, 2015 Jeff Miller
Crime
Israeli Diamantaire Allegedly Flees With Millions
An Israeli diamantaire has disappeared after allegedly taking millions of dollars from fellow Israel Diamond Exchange (IDE) members.Daniel Shaked, a diamantaire from Kfar Saba, who is in his late 40s, is suspected of asking a number of individuals to partner...
Polished Markets Feb 08, 2015 Ronen Shnidman
Crime
Hong Kong Authorities Search for Girl in $5M Necklace Theft
A diamond necklace worth $4.6 million (HKD 36 million) was stolen by three well-dressed suspects and a girl, who was possibly as young as 12 years old, from an Empire Jewelry store in Hong Kong. Authorities believe the adults...
Retail Jan 29, 2015 Ronen Shnidman
Crime
Diamond Hub Could Benefit From Its Own Police Task Force
Diamond theft in Surat is becoming a cause for concern across the world’s biggest diamond trading hub. The city reportedly had 14 incidents of diamond looting and 35 thefts since 2009. Worse yet, according to a news report...
Manufacturing Jul 31, 2014 Zainab Morbiwala
Thief Sentenced for Dunay Jewelers Robbery
United States District Court judge James M. Munley sentenced Huby Ramkissoon to 11 years' imprisonment for the May 14, 2008 robbery of Dunay Jewelers jewelry store in Wilkes-Barre, Pennsylvania.The sentence was meted out by the judge and followed an investigation into a 2008 plan to rob Luzerne County jewelry...
Financial-Legal Sep 08, 2013 Deena Taylor
Crime
JSA Report Shows a Decrease in Crime for First Half of 2013
Jewelry-related crime is down in the U.S., according to the Jewelers' Security Alliance (JSA), which just released its six-month preliminary crime report. Instances of robbery, burglary and theft all decreased from 2012, with $7.2...
Retail Aug 01, 2013 Sandra Mardenfeld
Crime
French Authorities Increase Jewel Heist Value to $136M
French authorities boosted the value of the jewelry stolen at a French resort July 28 from $53 million to $136 million, making the robbery at the Carlton Intercontinental Hotel in Cannes one of the world's biggest heists. The...
Gemstones Jul 29, 2013 Sandra Mardenfeld
Crime
FBI Arrests Former Vice President of Tiffany
Press Release: The U.S. Department of Justice's Federal Bureau of Investigation issued the following statement: Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant...
Retail Jul 08, 2013 FBI
Crime
Feds Arrest Seven Suspects in Jewelry Theft Gang
The U.S. Justice Department arrested seven individuals that they believe were members of a jewelry theft gang that stalked and robbed traveling salesmen of merchandise in several states. Charges against the individuals were unsealed...
Financial-Legal Mar 22, 2012 Jeff Miller
Crime
Return Fraud to Cost Retailers Nearly $4B Over Christmas
There are fewer U.S. retailers anticipating return fraud rates to increase this Christmas season compared with 2010, however, this issue remains a tremendous problem and will account for roughly $3.5 billion in losses,...
Financial-Legal Nov 10, 2011 Jeff Miller
Crime
Five Indicted in Multi-State Diamond Theft Ring
Five men were indicted on charges of conspiracy and interstate transportation of stolen property after they were arrested for stealing up to $1.4 million of diamonds in seven jewelry stores across Oregon, California, Tennessee and Nevada between...
Polished Markets Jul 21, 2011 Ricci Dipshan
Crime
Five Arrested in Surat for $1M Diamond Theft
Police in India arrested five people in Surat in connection with the theft of an estimated $1.1 million (INR 50 million) worth of diamonds from Nidhi Diamond located in the Tulsi Complex in Mahidharpura, according to an early edition of the Times...
Polished Markets Jul 01, 2011 Ricci Dipshan
Thieves Swipe Diamonds at Baselworld
Thieves reportedly made off with $10 million in diamonds from an Israeli firm exhibiting at Baselworld. At press time, word from the showroom floor suggested that either one very large stone or up to four stones were taken from a display case. Security was tightened after the reported...
Polished Markets Mar 30, 2011 Jeff Miller
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