Queens Jeweler Charged With Money Laundering
Stanislav Yakubov allegedly fenced goods for a crew that committed more than a dozen armed robberies.

According to court documents, between about October 2019 and November 2020, a violent group committed more than a dozen armed robberies of jewelers and luxury watch owners in the New York City metropolitan area.
The items stolen included a $500,000 Richard Mille watch and a diamond bracelet worth $28,000.
According to the indictment, Stanislav Yakubov, or “Steve,” a jeweler who sells watches and jewelry at a store in the Jamaica Colosseum Mall in Queens, New York, allegedly acted as a fence for the stolen watches.
He has been charged with one count of money laundering.
Officials arrested Victor Rivera in November 2020 for his role in the robberies. He was indicted that month.
According to court documents, Rivera pleaded guilty to committing or attempting to commit robberies of luxury watches earlier this year.
Johan Araujo, 40, has also been charged in connection to the robberies. He was arrested last July and has maintained his plea of not guilty, according to the court docket. His trial is set for Sept. 19.
Court documents state that one of the men has been cooperating with officials to identify what happened and who was involved in the robberies.
Yakubov’s attorney, Oliver Storch, said in a statement to National Jeweler that Yakubov is “devastated and shocked by these false allegations,” especially since he was the victim of an assault and robbery at his jewelry store.
He also said: “The cooperator’s credibility is highly suspect because they claim to have met with Mr. Yakubov in NYC when he was actually out of the country on a documented family vacation. We ask the public to withhold judgment until these allegations are properly addressed and resolved in the appropriate forum.”
In March 2021, the Jewelers’ Security Alliance issued a warning about a spate of high-end watch robberies in New York and Los Angeles, sharing the following safety tips for jewelers:
— Avoid conducting jewelry business in a public place;
— Do not resist in the event of an armed robbery; and
— Be mindful of the special risks involved in wearing expensive watches, and limit that risk accordingly.
The Latest

Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.

The Brazilian mine’s new collection features cabochons in soft, muted shades like silver and lilac.

The Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

The organizational change follows Kering’s promise of a transformation after declining sales in 2025.


Natalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.

Béatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.

With refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.

The store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.

The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.

Our Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.

The 24-piece watch collection is set to debut in spring 2027.

Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.

The reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.

McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.

The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.

The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.

The MJSA Education Foundation’s scholarships support students pursuing jewelry careers.

The largest white diamond to come to market in the U.K. in more than a decade, the VVS1, I-color stone is expected to top $1 million.

Skelly shares her plans for reimagining the fine jewelry retailer she re-acquired after it faltered last year.

The collection takes inspiration from the emotional space between people, moments, and experiences.

In 2026, the jewelry retailer is celebrating a milestone only a small percentage of family-owned businesses survive to see.

The group of jewelers held a jewelry raffle in support of the Children’s Hospital of Richmond at VCU.

The jewelry giant released preliminary results for the fourth quarter and full year on Monday, with final results slated to come next week.

The retailer also gave an update on its vendor partnerships.

The award-winning actress is the “epitome of modern allure,” the brand said.

























