Crime

Five Men Arrested in Connection to NYC Jewelry Store Robberies

CrimeJun 09, 2023

Five Men Arrested in Connection to NYC Jewelry Store Robberies

The alleged robbers stole $2 million worth of jewelry, including a diamond necklace weighing 76 carats.

Surveillance footage of NYC jewelry store robbery
Five men from New York and New Jersey have been arrested and charged in connection with the armed robberies of two jewelry stores in Manhattan. Seen here is surveillance footage of the May 20 robbery.
New York—Five men have been arrested and charged with the armed robberies of two jewelry stores in Manhattan, in which they got away with around $2 million worth of jewels.

The U.S. Attorney's Office in the Southern District of New York named the defendants in a press release Tuesday.

The men are Vincent Cerchio, 69, of Howard Beach, New York; Frank DiPietro, 65, of Red Bank, New Jersey; Vincent Spagnuolo, 65, of Monmouth Beach, New Jersey; Michael Sellick, 67, of Franklin Square, New York; and Samuel Sorce of Florham Park, New Jersey.

Defendants Cerchio, DiPietro, Spagnuolo, and Sellick are charged with the Jan. 3 robbery of a store on Madison Avenue, while Sorce is the sole defendant charged in connection with the May 20 robbery of a jewelry store on Elizabeth Street.

The store in Midtown was Bayco Jewels on Madison Avenue near East 61st Street, according to an NBC report, while the downtown store was not named.

On the morning of Jan. 3, the four men charged with the Midtown robbery traveled to the store via multiple vehicles.

At around 10:20 a.m., when a store employee was moving jewels into the front window display, DiPietro and Sellick entered the store dressed as construction workers, said authorities.

The store only lets customers in by appointment, as per court documents, but would routinely remove jewelry from the safe around that time to bring to the window display.

DiPietro allegedly pointed a gun at the employee and said, “Give it to me,” while Sellick told the employee to, “turn around and get in the closet.”

The two men allegedly stole three pieces of diamond jewelry, including a 73-carat diamond necklace, a 6-carat ring, and a pair of earrings weighing 17 carats, before all four defendants fled.

A diamond necklace, a diamond ring, and a pair of diamond earrings stolen from the Bayco jewelry store in Manhattan
These were the jewels stolen from the Bayco store in Midtown.


Surveillance footage shows all four men by the store the day before, likely “casing” the place, said authorities.

The second robbery took place on the morning of May 20. Similar to the first robbery, employees had just opened for business when DiPietro and Sellick allegedly entered wearing masks and construction vests.

Sellick allegedly pointed a gun at the store’s employees and instructed them to get down on the ground while DiPietro took jewelry.

The two men fled and got into a getaway car driven by Sorce, also dressed as a construction worker, said authorities, then switched to a second getaway car driven by Spagnuolo.

Sorce is the only suspect charged in the May 20 crime. 

 Related stories will be right here … 

The defendants are each charged with one count of Hobbs Act robbery and one count of conspiracy to commit Hobbs Act robbery, each of which carry a maximum sentence of 20 years in prison.

They are also charged with one count of brandishing a firearm during and in connection with a crime of violence, which carries a mandatory minimum sentence of seven years in prison, which would be in addition to any sentence imposed for Hobbs Act robbery.

The men are alleged to be linked to the Lucchese and Gambino crime families, as per the NBC report. DiPietro has previously served 19 years in federal prison in connection with the murder of a witness who testified against the Lucchese family, detailed in a report from a local Staten Island publication.

The defendants were taken to Manhattan federal court Tuesday and held without bail, said NBC.

FBI Assistant Director in Charge Michael J. Driscoll said, “The defendants allegedly brazenly robbed Manhattan jewelry stores of approximately $2 million worth of merchandise at gunpoint.  Violent robberies, especially those with firearms, will not be tolerated by the FBI and our partners in law enforcement. 

“The arrests today should serve as a warning to anyone willing to engage in armed robberies – you will face the consequences.”

NYPD Commissioner Keechant L. Sewell said, “The swift arrests in this case reaffirm the NYPD’s steadfast commitment, with its law enforcement partners, to hold everyone accused of violent acts accountable. The charges these defendants face reflect a callous disregard for life, and they will now be held accountable.”

The case is being handled by the Office’s General Crimes Unit with Assistant U.S. Attorneys Alexandra S. Messiter and Justin Horton in charge of the prosecution.

The Latest

Image from PGI USA Platinum Born campaign
MajorsOct 23, 2026
PGI USA Set to Close at Year’s End

The closure is part of a global restructuring that also includes PGI winding down its operations in Japan, South Korea, and Hong Kong.

Rachel Chalchinsky of Color Source Gems Survivor Tribute Ring
SourcingOct 23, 2026
Rachel Chalchinsky’s ‘Survivor Tribute’ Ring

The ring, our Piece of the Week, was designed by eight-year breast cancer survivor Rachel Chalchinsky of Color Source Gems.

Jewelers of America new logo
TechnologyOct 23, 2026
JA Unveils New Website, Logo

The website offers enhanced member benefit access, industry directories, educational resources, a job board, and access to the MJSA Journal.

DeBeersICONS_TITLE1_CUSTOMCONTENT_1872x1052 (1).jpg
Brought to you by
A Diamond Is Forever Launches 2026 Holiday Campaign Championing Natural Diamonds

A Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.

Pomellato Paraíba high jewelry choker necklace
FinancialsOct 23, 2026
Kering’s Jewelry Sales Up Double Digits in Q3

Boucheron and Pomellato had a strong third quarter, with Kering looking at jewelry as an increasingly important part of its portfolio.

Weekly QuizOct 22, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Verdura cuffs
MajorsOct 22, 2026
Neiman Marcus Has Gifts for the Jewelry Lover Who Has Everything

Bespoke experiences from Buccellati and Verdura are on the retailer’s 2026 “Fantasy Gifts” list.

JIS Fall 2026 jewelry
Events & AwardsOct 22, 2026
JIS Fall 2026 Reports Record-Breaking Attendance

The number of participants at the fall show was up 12 percent.

lab channel btyb 0926.png
Brought to you by
Open an Account, Get $50 Off Your First Order. No Code Needed.

Built on Relationships. Refined by Craft.

John Hardy Billie Eilish & Finneas Collection Campaign Imagery
CollectionsOct 22, 2026
Billie Eilish, Finneas Co-Design Collection for John Hardy

The Academy and Grammy award-winning siblings have collaborated with John Hardy on a new jewelry line inspired by their personal style.

Graphic for episode 10 of the My Next Question podcast
PodcastsOct 21, 2026
Episode 10: This Episode Is Haunted 

Diana Singer shared the stories of two “cursed” diamonds on this month’s podcast, which was inexplicably riddled with technical issues.

Gardner Collier Jewelry store in Kirksville Missouri
IndependentsOct 21, 2026
Gardner-Collier Jewelry to Close After 9 Decades in Business

The family-owned jeweler has three locations across Missouri and Iowa.

Underground shaft at the Venetia diamond mine
SourcingOct 21, 2026
Venetia Mines Final Carats Ahead of 2-Year Shutdown

The De Beers-owned diamond mine in South Africa is being put on ice as part of a round of previously announced cost-cutting measures.

Off-White Jewelry Collection Imagery
CollectionsOct 21, 2026
Helzberg, Nordstrom Carrying New Jewelry Collection From Off-White

The collection centers designs with clean geometric lines, chunky sculptural pieces, and recognizable details from the luxury fashion brand.

Gemfields rubies
SourcingOct 21, 2026
Gemfields’ Mixed-Quality Ruby Auction Earns $52M

The miner said it saw particularly strong prices for larger, fine-quality rubies at the sale.

David Gardner’s Jewelers interior
IndependentsOct 20, 2026
David Gardner’s Jewelers Unveils Newly Expanded, Revamped Showroom

The Texas jeweler added 2,000 square feet to its reimagined showroom, complete with a new design studio and an event space.

Kylie Jenner Fantasy Bra Victoria’s Secret Fashion Show
SourcingOct 20, 2026
The $50M Victoria’s Secret ‘Fantasy Bra’ By The Numbers

Jacob & Co.'s diamond masterpiece is the most expensive Fantasy Bra ever worn on the Victoria’s Secret Fashion Show runway.

Mignon Faget Atelier Collection Campaign Imagery
CollectionsOct 20, 2026
Mignon Faget’s Collection Chooses Handmade Over AI

The “Atelier” collection was inspired by the tools, rituals, and objects in an artist’s studio as a quiet rebuttal to an automated world.

 Rio Grande engagement ring and band
MajorsOct 19, 2026
The Knot to Acquire Rival Wedding Planning Platform Zola

The pending acquisition is an “exciting opportunity” for wedding vendors to grow their business, said The Knot Worldwide’s CEO.

The Secret Gems Thailand
SourcingOct 19, 2026
Jewelry Design Competition Show Airs in Thailand

"The Secret Gems" features eight Thai jewelry brands paired with a team of young craftspeople who create jewelry together to win challenges.

John Hardy Modern Talisman Collection Campaign Imagery
CollectionsOct 19, 2026
John Hardy Enters the Medallion Chat With Talisman Collection

The brand’s “Modern Talisman” capsule collection introduces pendants inspired by the mythology, natural world, and spiritual ethos of Bali.

Collage of independent jewelers celebrating their 100th anniversary in 2026
IndependentsOct 19, 2026
The Stories of 5 Jewelers Celebrating Their Centennials in 2026

Independent jewelers from New Mexico to New Jersey answer the question: What has kept your store in business for 100 years?

Hand holding shopping bags
SurveysOct 16, 2026
How Inflation, Gas Prices Will Affect Holiday Sales

The NRF is expecting holiday sales to increase this year, but consumers and retailers alike are facing Grinch-like headwinds.

Christina Puchi Gemstone Earrings
CollectionsOct 16, 2026
Christina Puchi’s Earrings Hold the Universe

Our Piece of the Week gathers the planets, represented by a variety of colored gemstones, in a pair of 14-karat yellow gold earrings.

Reeds Jewelers Fayetteville
IndependentsOct 16, 2026
Reeds Jewelers Expands, Relocates Flagship

The New York-based jeweler is moving its Amherst flagship store to a larger location in nearby Snyder.

Graff USA Executive Vice President Katy Chen
MajorsOct 16, 2026
Katy Chen Appointed Executive Vice President of Graff USA

Chen, who worked at Cartier and Tiffany & Co., will lead retail sales and operations for the luxury jeweler’s 11 U.S. stores.

Elise & Amy Greenberg
IndependentsOct 15, 2026
Retailer Hall of Fame 2026: Amy and Elise Greenberg

For 40 years, sisters Amy and Elise Greenberg have helmed their 126-year-old family business, leading with appreciation and integrity.

The Retail Smiths Principal Partner Peter Smith
ColumnistsOct 15, 2026
Peter Smith: What Is the Culture REP?

It’s a term Smith coined and felt compelled to share following a bad experience with an aborted flight and an unfeeling flight attendant.

×

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