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Last updateTue, 20 Sep 2016 11pm

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FBI cracked the Miami-N.C. gold heist, but where are nine missing bars?

fbi miami

More than a year after the daring heist, where are the gold bars?

When three Miami men stole 10 bars from a courier truck at gunpoint off a North Carolina highway, FBI agents would have an easier time cracking the case than recovering the $5 million worth of gold.

In fact, agents have recovered only one of the stolen bars — from a Miami pawnbroker soon after the March 1, 2015, caper. The rest has likely been cut up, melted down and resold in the local jewelry market, according to newly released court records. The gold, which was being shipped to Massachusetts, belonged to an Opa-locka precious metals refinery.


How 'El Chapo' moved illicit profits through gold

El Chapo

For drug cartels, hiding the profits of their illicit sales is often as hard as getting the goods to the market in the first place.

To overcome that challenge, US-based members of imprisoned Mexican kingpin Joaquín "El Chapo" Guzmán's Sinaloa cartel decided to buy gold, have it melted down and sold, and then use fake invoices to transfer that money back to Mexico, according to court records seen by Bloomberg.

Allegations laid out in a federal-court case in Chicago describe a scheme in which Sinaloa cartel members would have couriers retrieve drug proceeds, and then use that money to buy gold bars and other scrap pieces of the precious metal at Chicago-area jewelry stores.

Staged kidnapping ploy to rob jeweler results in two deaths

kidnapping

LAS VEGAS (KSNV News3LV) — Henderson police say a Las Vegas man was arrested in connection with the double homicide of two men.

38-year-old Brian Kleynen was arrested at his Las Vegas apartment and taken into custody without incident just before noon.

The homicide happened on April 12 in the 100 block of Treiner Drive near Mission Drive and Horizon Ridge Drive.

JA fights for jewelers on Capitol Hill

JAAssociation continues to promote industry policy positions through meetings, fund raisers and other activities

(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has ramped up advocacy efforts in Washington, D.C. Recent activities include meetings with Congressional leaders to support the jewelry industry’s recommendations to the Federal Trade Commission (FTC) on its proposed changes to the Guides for the Jewelry, Precious Metals, and Pewter Industries. The association also held a dinner to celebrate its work in legislative affairs in April, and is planning a two-day fly-in to D.C. in June - its sixth annual advocacy trip to Capitol Hill with a delegation of jewelers.

On Thursday, April 14, JA’s D.C.-based legislative counsel, Haake Fetzer, organized several meetings for JA President & CEO David J. Bonaparte with representatives on House and Senate Committees that oversee the FTC. Bonaparte met with Rep. John Shimkus, a senior member of the House Energy and Commerce Committee; and key staff from the office of Sen. Jerry Moran, Chairman of the Senate Commerce Committee’s Consumer Protection and Product Safety Subcommittee.

Morganite: The modern face of jewelry

Darling cushion MayTrends come and go as quickly as the seasons. Much like American culture, tastes in music, fashion and color are constantly evolving. And when they evolve, it pays to be on the current trend.

In the case of the jewelry industry, we are right in the middle of a morganite sensation. A stone mostly disregarded in the past cannot be ignored any longer thanks to internet trends and online retailers. Affordable and ranging in size, it is the perfect stone for new age consumers looking to be fashion forward and unique while remaining budget conscious.

One fifth of the world's gold is buried in London - and here's where it's hidden

SECRET vaults in London house one fifth of all the gold on the planet, with a staggering £172 billion worth of bullion tucked away under the capital’s streets.

sun gold

Vaults under the Bank of England on Threadneedle Street are said to hold 5,134 tonnes of gold, making up the majority of the 6,256 tonne total kept safe underground in London.

Bars of gold bullion are popular with investors because gold will, in theory, always retain its value – no matter how volatile the world economy is.

Last chance to apply for one of GIA’s 125+ scholarships

GIA 4 26GIA (Gemological Institue of America) has sent a reminder that their scholarship application deadline is this Saturday, April 30. Prospective GIA students have the opportunity to apply for 125+ scholarships, totaling more than $500,000, for Gemology and Jewelry Manufacturing Arts programs, courses and lab classes. Directions on how to apply online can be found at http://www.gia.edu/gem-education-scholarship-instruction-information.

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