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.

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.

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.
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

The Indian jewelry brand recently opened stores in Atlanta and Seattle.

CEO Beth Gerstein shared its most popular price points, what’s trending in non-bridal fine jewelry, and its holiday performance.

The 15 pieces were crafted from the “Insofu” emerald, discovered in Zambia in 2010.

Supplier Spotlight Sponsored by GIA

Chris Anderson is joining the insurance provider as the new chief financial officer and treasurer.


Jewelers of America is distributing a brochure for retailers to use when discussing the differences between natural and lab-grown diamonds.

The industry is changing as it grapples with new realities around distribution, supply, and the need for consistent, effective marketing.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Bhansali discusses the potential impact of U.S. tariffs, demand for diamonds by market, and the “cautious confidence” in India right now.

As lab-grown diamond brands pop up across India, academics are researching how to grow demand outside of the jewelry industry.

Govind Dholakia and Tanishq will be recognized for their contributions to the industry at the Diamonds Do Good Awards in Las Vegas.

The New York City-based brand has opened its first U.K. location with a permanent shop-in-shop at Liberty in London.

A metal detectorist discovered the ring that is believed to have belonged to a bishop in the late 12th to early 13th century.

Organizers looked to new partnerships and interactive experiences to enhance the spring show, set for March 16 to 18.

Kenewendo, Botswana’s minister of minerals and energy, will discuss the future of diamonds.

Ahead of the Gem Awards on Friday, Jen Cullen Williams and Duvall O’Steen share pro tips for taking the best photos.

Founded in 2000, Marco Bicego is commemorating its milestone anniversary with a “25 Best” collection and campaigns honoring its heritage.

Those attending the company’s upcoming Zoom workshop will receive early access to “The List,” its new resource for finding buyers.

The organization will present an award to Amy-Elise Signeavsky, law enforcement and diamond recovery manager at GIA.

Chandler started his jewelry career at Michelson Jewelers, joining the Diamond Council of America as president and CEO in 2001.

Scottish American designer Maeve Gillies collaborated with Platinum Guild International on jewelry created by direct metal 3D printing.

Ahead of its trade show in May, TJS awarded free registration and accommodations to five up-and-coming jewelry industry professionals.

The 2025 Gem Awards are set to take place Friday at Cipriani 42nd Street in New York City.

The annual star-studded campaign for International Women’s Day encourages collective action against domestic violence.

The statement piece is seen in Yeprem’s new “You Play the Game” campaign, created for International Women’s Day.

Longtime employee Kyle Slosson has been promoted to the role.

First-generation jewelers Dan and Hope Wixon are retiring and will close their Minneapolis-area jewelry store in May.