Crime

Queens Jeweler Convicted of Laundering Stolen Luxury Watches

CrimeFeb 06, 2023

Queens Jeweler Convicted of Laundering Stolen Luxury Watches

A jury found Stanislav Yakubov guilty of money laundering and making false statements to federal law enforcement agents.

20230206_StolenWatches.jpg
The U.S. Attorney’s Office of the Southern District of New York is asking anyone who knows the whereabouts of the stolen watches pictured to contact them. Jeweler Stanislav Yakubov has been convicted of laundering the stolen goods.
New York—It’s the end of the road for a jeweler accused of laundering stolen luxury watches.
 
A jury found Stanislav “Steve” Yakubov, owner of a jewelry store in the Jamaica Colosseum Mall in Queens, New York, guilty on one count of money laundering and two counts of making false statements to federal law enforcement agents, the U.S. Attorney for the Southern District of New York Damian Williams announced Feb. 1. 
 
U.S. District Judge Edgardo Ramos presided over the eight-day trial. Ramos will sentence 42-year-old Yakubov on June 1. 
 
According to the U.S. Attorney’s Office, Yakubov agreed to purchase stolen luxury watches valued at hundreds of thousands of dollars. Some of the watches were stolen from jewelers in Yakubov’s community, and some in violent armed robberies. 
 
“Yakubov’s actions fueled a year-long robbery spree that targeted nearly a dozen victims, and his conviction sends a message to the community that the purchase and laundering of stolen property will be vigorously investigated and prosecuted,” said U.S. Attorney Damian Williams.
 
There are 10 robberies and attempted robberies to which Yakubov is linked. 
 
The robberies took place in 2019 and 2020, according to evidence presented at trial and the trial’s superseding indictment.
 
On Oct. 3, 2019, a Long Island City, New York, jeweler was robbed of a Richard Mille watch worth more than $150,000. 

On Oct. 25, 2019, a Jamaica, New York, jeweler was robbed of a Rolex worth more than $118,000. 

On Dec. 10, 2019, a Brooklyn, New York, jeweler was robbed of a Patek Philippe worth more than $160,000, as well as a diamond necklace valued at over $77,000. 
 
 Related stories will be right here … 
 
On Jan. 14, 2020, a Rego Park, New York, jeweler was robbed of a Richard Mille watch worth more than $500,000. 

On Feb. 16, 2020, a Jamaica Estates, New York, jeweler was robbed of an Audemars Piguet watch worth over $28,000. On. Feb. 20, 2020, an individual in Long Island City was robbed of a watch valued at over $125,00. 
 
Things cooled off during the earliest pandemic lockdowns, when jewelry stores were closed, but resumed in June 2020.
 
On June 11, 2020, a Hoboken, New Jersey, jeweler was robbed of a Richard Mille timepiece valued at more than $81,000. On July 6, 2020, another jeweler in Hoboken was robbed of a Richard Mille watch worth more than $180,000. 
 
On July 20, 2020, there was an attempted robbery of a Richard Mille watch worth more than $180,000 from a jeweler in Queens. 
 
Finally, on Aug. 2, 2020 a food critic and social media influencer was robbed of a Richard Mille watch worth more than $250,000 in Englewood Cliffs, New Jersey.
 
In all of these successful robberies, additional items were stolen, the U.S. Attorney’s Office said.  
 
As for the robbers themselves, one of the men, Victor Rivera, pleaded guilty to participating in a conspiracy to commit Hobbs Act robbery between October 2019 and November 2020. Rivera used guns to commit several of the robberies and in one, shot a victim who survived. 

He was sentenced to more than 19 years in prison

The U.S. Attorney’s Office of the Southern District of New York is asking anyone with knowledge of the whereabouts of the stolen watches to contact them at 1-866-874-8900. 
 
In addition to Yakubov’s money laundering conviction, he was also convicted of two counts of making false statements to federal law enforcement agents. 
 
The former carries a maximum 20-year sentence and the latter a five-year maximum sentence each. 
 

The Latest

Screenshot of Taylor Swift's "Elizabeth Taylor" music video
CollectionsApr 03, 2026
Taylor Swift’s ‘Elizabeth Taylor’ Video Puts Jewelry Front and Center

Iconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.

Neiman Marcus store in Fort Worth, Texas
MajorsApr 03, 2026
Saks Global Says It Will Emerge From Bankruptcy This Summer

The luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.

NouvelleBox logo
Events & AwardsApr 03, 2026
JCK Luxury, NouvelleBox Partner on New Designer Ballroom

The NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.

GIA iD100®
Brought to you by
Protect Your Customers and Your Business

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Buddha Mama Moon Locket
CollectionsApr 03, 2026
Buddha Mama Brings Its ‘Moon’ Locket To Dallas

The one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.

Weekly QuizApr 02, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Pandora distribution facility Canada
MajorsApr 02, 2026
Pandora Opens New Canadian Distribution Center Amid Tariff Concerns

The new facility was also designed to better serve its growing customer base in Canada.

Michelle Yeoh Mikimoto
TrendsApr 02, 2026
Michelle Yeoh Fronts New Mikimoto Campaign

The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.

TopImageCrop.jpg
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.

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

GIA President and CEO Pritesh Patel at GIA Taiwan campus
GradingApr 02, 2026
GIA Debuts New Campus in Taiwan

It is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.

DCA Second Spark Workforce Initiative Graphic
MajorsApr 02, 2026
DCA Launches ‘Second Spark’ Workforce Initiative

The initiative connects veterans and parents returning to the workforce with careers in jewelry retail.

Michael Angelo
MajorsApr 02, 2026
Hoover & Strong Names New National Sales Representative

The wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.

Pandora and Foundrae medallion jewelry
MajorsApr 01, 2026
Foundrae Sues Pandora for Allegedly Copying Its Medallion Designs

Foundrae also accused the jewelry giant of copying its mood board style of marketing.

John Jacob Astor IV's Patek Philippe for Tiffany & Co., Battin & Co. pencil case
AuctionsApr 01, 2026
John Jacob Astor IV’s Titanic Pocket Watch Heads to Auction

A Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.

Stock image of a Shell gas station
SurveysApr 01, 2026
Consumers’ Outlook Improves Again in March

The Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.

Zach Bear and the Window Necklace Children’s Book from Zachary’s Jewelers
IndependentsApr 01, 2026
Zachary’s Jewelers’ Constance Polamalu to Release Children’s Book

The retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.

Accredited Gemologists Association Logo
Events & AwardsApr 01, 2026
AGA Opens 2026 Gemological Scholarship, Research Grant Applications

Applications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.

National Jeweler columnist and Smart Age founder and CEO Emmanuel Raheb
ColumnistsMar 31, 2026
Q1 Clues That Reveal Where Your Jewelry Store’s Sales Are Heading

These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.

Mejuri Puzzle Collection Campaign Imagery
CollectionsMar 31, 2026
Mejuri Adds Silver to ‘Puzzle’ Collection

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.

Ashley Longshore in Buddha Mama jewelry
CollectionsMar 31, 2026
Buddha Mama, Ashley Longshore to Host Pop-Up in Dallas

The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.

Natural Diamond Council world diamond day
SourcingMar 31, 2026
NDC Designates April 8 as 'World Diamond Day'

The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.

Jillian Wolk, the new CEO of Tracr
SourcingMar 31, 2026
GIA VP Jillian Wolk to Take Over at Tracr

Wolk’s first day on the job as CEO of Tracr, De Beers Group’s blockchain platform, will be May 1.

Tom Moses examining the “Motswedi” diamond
EditorsMar 30, 2026
Tom Moses Looks Back on His Decades at GIA

Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.

Oscar Heyman Spring Catalog Aquamarine and Diamond Necklace and Platinum Opal, Sapphire, Emerald, Diamond Bracelet
TrendsMar 30, 2026
Oscar Heyman Debuts First Spring Catalog

The new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.

Diavik Diamond Mine winter aerial shot
SourcingMar 30, 2026
Rio Tinto Hauls Last Load from Diavik

Production has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.

Tanishq Westborough Massachusetts store
MajorsMar 30, 2026
Tanishq Opens First New England Location

The store opening marks the 10th United States location for the India-based jewelry retailer.

Saks Fifth Avenue door sign
MajorsMar 27, 2026
Saks Global Has Changed Its Mind About Closing These 3 Stores

Two Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.

Jimmy West celebrating 40 years with Leading Jewelers Guild
IndependentsMar 27, 2026
Jimmy West, Longtime LJG Executive Director, Dies at 72

West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy