FBI Investigates Multi-Million-Dollar Brinks Truck Jewel Heist
Items belonging to 18 exhibitors at the International Gem & Jewelry Show were stolen, valued at more than $100 million.
Deputies from the Los Angeles County Sheriff's Department responded to a call about an armored truck break-in July 11, pulling up to a “Flying J” rest stop.
The scene before them was reminiscent of a silver screen heist à la Ocean’s Eleven.
The Brinks truck was loaded at the International Gem and Jewelry Show in San Mateo, filled with jewelry, gems, and high-end watches.
The driver was transporting the goods to another event at the Pasadena Convention Center, Brandy Swanson, director of the International Gem and Jewelry Show, told the Associated Press.
Along the way, the driver pulled into a gas station in Lebec.
Unknown suspect(s) broke into the locked vehicle, stealing between 25 and 30 bags with merchandise belonging to 18 exhibitors, said Swanson.
The exhibitors reported their losses at more than $100 million, but a statement from Brinks calculated the losses at less than $10 million.
The discrepancy may be due to underinsurance, said Arnold Duke, president of the International Gem and Jewelry Show, in an interview with ABC7 News.
“It’s a common practice for these jewelers to underinsure,” said Duke. “Simply because if you insure everything you have, it’s just very, very expensive. I’m talking about thousands of dollars every week, and they’re on the road 40-some weeks a year.”
In a statement, Brinks said, “We are working with law enforcement, and we will fully reimburse our customers for the value of their assets that were stolen, in accordance with the terms of our contract.”
The Los Angeles County Sheriff’s Department, with the assistance of the FBI, is conducting a criminal investigation into the theft.
Those with information are encouraged to call Crime Stoppers at 1-800-222-8477.
The Latest
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.
The limited-edition men’s rings can be customized with one of 12 team logos.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.