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

Windsor Jewelry in Indianapolis, Indiana
IndependentsFeb 06, 2025
106-Year-Old Jewelry Store Saved by New Owners

Two attorneys purchased Windsor Jewelry, which was set to close, and will retain all existing staff at the downtown Indianapolis store.

Two images of Adam Heyman in Sri Lanka
MajorsFeb 06, 2025
Oscar Heyman Employee Celebrates 60 Years With the Company

Adam Heyman joined the family business in 1965, just weeks after graduating from Columbia Business School.

De Beers Jewellers Embrace Bracelet
CollectionsFeb 06, 2025
De Beers Jewellers’ New High Jewelry Pays Homage to the Beauty of Trees

The “Essence of Nature, Chapter One” collection echoes trees and roots, literally and figuratively, through three sets of high jewelry.

Top Image.png
Brought to you by
3 Ways to Capitalize on America’s Newfound Love of Colored Gems

Colored stones are stepping into a jewelry spotlight typically reserved for diamonds—are you ready to sell color?

Hamilton Jewelers Worth Avenue interior
IndependentsFeb 06, 2025
Hamilton Jewelers Revamps Palm Beach Boutique

The fourth-generation, family-owned jeweler has given its Worth Avenue store a new look.

Weekly QuizFeb 06, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Pandora sparkling bow necklace
FinancialsFeb 05, 2025
Pandora Posts Double-Digit Growth After Strong Holiday Season

In its full-year results, the retailer shared its 2025 outlook and an update on the global rollout of its lab-grown diamond collection.

Seal & Scribe “Freedom Moon” Ring
TrendsFeb 05, 2025
Amanda’s Style File: Feeling Fabulous in February

Celebrate February birthstones and the gem shows in Arizona this month with a versatile stone like amethyst.

Resolutions - 2025.jpg
Brought to you by
3 New Year’s Resolutions for Jewelry Lovers

The new year feels like a clean slate, inspiring reflection, hope, and the motivation to become better versions of ourselves.

Diamond Council of America logo
MajorsFeb 05, 2025
DCA Promotes Kristen Scheetz to Director of Education, Membership

Scheetz has been with the nonprofit since 2007.

Trucks at the Orapa diamond mine in Botswana
SourcingFeb 04, 2025
New Deal With Botswana Is Done, De Beers Confirms

The agreement will allocate an increasing proportion of the country’s rough diamonds to the government of Botswana over the next decade.

Van Clef & Arpels Diane (Diana) Clip
Events & AwardsFeb 04, 2025
Van Cleef & Arpels’ Astronomy-Inspired Jewelry to Land at AMNH

“Cosmic Splendor: Jewelry From the Collections of Van Cleef & Arpels,” opens April 11 at the American Museum of Natural History.

Chocolate box ring by Mined + Found
SurveysFeb 04, 2025
Valentine’s Day Jewelry Spending Forecast to Hit Record High, Says NRF

Those celebrating Valentine’s Day this year are expected to spend a record $27.5 billion on jewels, flowers, candy, and more.

Lady Gaga Tiffany & Co.  necklace worn to the 2025 Grammys
EditorsFeb 03, 2025
Best Jewelry Moments From the 2025 Grammy Awards

From Lady Gaga’s 1930s Tiffany & Co. necklace to Taylor Swift’s “T,” Michelle Graff recaps the night’s most memorable jewelry looks.

HSN+ QVC+ logos on a television, laptop, and phone screen
MajorsFeb 03, 2025
Qurate to Close HSN’s Florida HQ Amid Restructuring

Layoffs will reportedly start next month as HSN plans to move into QVC’s location in Pennsylvania.

Jewelry designer Lauren Harwell Godfrey looking at colored gemstones
EditorsFeb 03, 2025
Q&A: 5 Jewelry Designers on Shopping the 2025 Tucson Gem Shows

A group of creatives talked to Associate Editor Lauren McLemore about their approach to the annual Tucson gem, mineral, and fossil shows.

Elizabeth Taylor diamond bracelet
AuctionsJan 31, 2025
Elizabeth Taylor’s Diamond Bracelet Outshines Estimate at U.K. Auction

The auction also featured the sale of a Cartier necklace made when Egyptomania was sweeping Great Britain.

Lalaounis Blossom Rosette charm
CollectionsJan 31, 2025
Piece of the Week: Lalaounis’ Good Luck Charm for 2025

The “Blossom Rosette” blooms with love, beauty, and hope for the year ahead.

Harvey Rovinsky, former owner of Bernie Robbins Jewelers
IndependentsJan 31, 2025
Harvey Rovinsky, Longtime Owner of Bernie Robbins Jewelers, Dies at 77

Rovinsky is remembered as a great mentor who made the employees of his stores feel like family.

Three diamonds in a row
Events & AwardsJan 31, 2025
Facets of Fire Has a Diamond Challenge for Retailers

For every jeweler who tries their luck, the company will make a donation to Jewelers for Children.

Women’s Jewelry Association logo
MajorsJan 30, 2025
WJA Chapter Leaders Resign as Fallout From DEI Remarks Snowballs

The boards of at least five chapters have resigned in response to controversial statements the WJA national board president made last month.

Jewelry writer and curator Melanie Grant
Policies & IssuesJan 30, 2025
RJC Executive Director Melanie Grant Is Stepping Down

An experienced jewelry writer and curator, Grant led the organization for two years.

Pharrell Williams and Tiffany Titan by Pharrell Williams Tahitian Pearl Necklace
CollectionsJan 30, 2025
Pharrell Williams Brings Tahitian Pearls to His New Tiffany & Co. Collection

Five new designs were added, all donning Tahitian cultured pearls and spear-like trident motifs, along with the new “Titan” setting.

Converge 2025 logo
Events & AwardsJan 30, 2025
Registration Open for Converge 2025

The inaugural event is being co-hosted by the American Gem Society and the Gemological Institute of America.

Annie Doresca, Jake Duneier, John W. Ford Sr., Margot Grinberg, and Ivette Stephanopoulos
MajorsJan 30, 2025
24 Karat Club of New York Elects 5 New Members

Jewelers of America’s Annie Doresca and AGTA CEO John W. Ford Sr. are among the new members.

Boucheron Scarabée Rhinocéros ring/brooch and Chardon necklace
CollectionsJan 29, 2025
Boucheron’s High Jewelry Takes the Form of ‘Untamed Nature’

The jeweler’s latest high jewelry collection looks into the Boucheron archives to create a “living encyclopedia of high jewelry.”

Elsa Peretti for Tiffany & Co. Bone Cuff
FinancialsJan 29, 2025
LVMH Watch, Jewelry Sales End the Year Down

Watch and jewelry sales slipped 3 percent in 2024, though the luxury conglomerate did see business pick up in the fourth quarter.

Olivier Kessler-Gay
MajorsJan 29, 2025
Chanel Names New General Manager of Watches, Fine Jewelry for US

Olivier Kessler-Gay will take over the role on March 3.

×

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