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Florida jewelry store hit on Easter morning, 7th time targeted since 2011


AVALON PARK, Fla. - It wasn't the Easter morning Tiffany Bayley was hoping for.

She woke up to thousands of dollars worth of damage at her jewelry store, Avalon Park Jewelers, Sunday morning.

"He pointed to this, to bust this and then they were just scooping everything up out of here," Bayley said.

It was just before 5 a.m. Sunday when four people broke into the store.

To catch a jewelry thief

thief eJewelers Mutual’s top tricks and traits of criminals

(NEENAH, Wis.) - Did you know that even with the best security setup you could be a victim of a clever thief? The best technology is only as good as the technology user’s instincts and judgment. That’s why it’s important to know some of the top ruses used by thieves as well as the telltale behaviors thieves exhibit.

Russian gangsters charged in diamond fraud scheme

russian shutterstock

NEW YORK (WABC) --Ten suspected Russian gangsters were arrested April 5th for allegedly defrauding merchants in New York, Las Vegas and Mumbai out of more than $9 million in diamonds.

Investigators said the members of the group, under investigation since 2015, wrote bad checks, forged documents and used other methods to convince wholesalers to give them diamonds on a promise to pay on delivery.

Court records said the group walked away with millions in diamonds and left the victims high and dry. The diamonds were then resold through the Diamond District in Manhattan.

Goldman Sachs says mining platinum from asteroids “realistic”

Just one small space rock could earn cosmic miners a whopping £40 billion (over $51 billion US) if they can figure out how to bring it back to Earth

Goldman Sachs asteroids

The global investment bank Goldman Sachs has claimed mining asteroids for precious metals is a “realistic” goal.

It has released a report exploring the possibility of using an “asteroid-grabbing spacecraft” to extract platinum from space rocks.

"While the psychological barrier to mining asteroids is high, the actual financial and technological barriers are far lower," the report said, according to Business Insider.

Preliminary autopsy released for veteran jewelry salesman

death of bryon eWe’ve been following the case of jewelry industry veteran and Lafayette Township (Medina County, OH) Trustee Bryon Macron who went missing in December under suspicious circumstances. His body was discovered February 21st by a kayaker in Chippewa Lake. Last week authorities released preliminary autopsy reports which showed Macron had been stabbed multiple times in his neck, forearms and shoulders.

Analyst sees signs gold could soar to $1500

gold futures

Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.

Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Spot bullion -- which was at $1,249 on Wednesday -- last traded at $1,400 in September 2013.

“Pink Star” diamond fetches highest price ever for auctioned jewel

pink diamond

A giant pink diamond has become the most expensive jewel ever sold at auction, fetching $71.2 million at Sotheby's in Hong Kong on Tuesday.

Clocking in at 59.60 carats, the Pink Star was the largest polished diamond ever to go on the auction block. Sotheby's said it was sold to a client who phoned in a bid.

The final price was 553 million Hong Kong dollars, including the buyer's premium, or auction house charge.

This isn't the first time the Pink Star has gone up for sale.