Crime

Former Tiffany & Co. Factory Supervisor Sentenced for Stealing Precious Metals

CrimeDec 11, 2024

Former Tiffany & Co. Factory Supervisor Sentenced for Stealing Precious Metals

A federal judge gave Benjamin Preacher 59 days in jail, plus 10 months of home confinement and two years of supervised release.

Stock image of a gavel
Boston—A former Tiffany & Co. factory supervisor accused of pocketing gold, platinum, and silver scrap from the facility will spend two months behind bars.

The U.S. Attorney’s Office in Boston announced Dec. 4 that 54-year-old Benjamin Preacher of North Attleboro, Massachusetts, has been sentenced to 59 days in prison by U.S. District Court Judge Angel Kelley.

Prosecutors had asked for a sentence of 30 months.

Preacher’s attorney, Michael DiStefano, said in email to National Jeweler that the sentence is a “full” and “fair” reflection of all the factors considered in criminal sentencing.

“Mr. Preacher’s personal history is exceptional. A proud military veteran, he has experienced the depths of homelessness and the gratification of eventually owning a home, which he has opened to many people in need of support and a place to stay,” DiStefano said.

“Additionally, the sentence accounts for the non-violent nature of the offense, the family and personal pressures he experienced at the time of the offense, and his lack of any prior interaction with the criminal justice system … Mr. Preacher is taking full responsibility for his conduct and looks forward to continuing to support his family.”

Preacher was arrested in March and pleaded guilty in June to one count of interstate transportation of stolen goods and one count of engaging in unlawful monetary transactions after being accused of stealing more than $1.7 million worth of precious metals scrap over a period of three years.

According to the U.S. Attorney’s Office, from 2018 until early 2024, Preacher worked as a manufacturing supervisor for a “Rhode Island facility operated by a company that sells luxury items, including jewelry made from gold, silver and platinum.”

A LinkedIn profile for Benjamin Preacher in North Attleboro lists him as a lean manufacturing supervisor at Tiffany & Co.’s facility in Cumberland, Rhode Island.

This is the factory that is home to the company’s holloware workshop that crafts, among many other things, the Vince Lombardi Trophy.  

According to the affidavit filed at the time of Preacher’s arrest in March, on March 1, about 30 minutes into his shift, workplace security cameras caught Preacher palming a one-inch piece of white gold flat stock worth about $2,200.

When he left the factory that day, cameras recorded him placing his security badge holder on top of the exit X-ray machine, walking through, and then reaching back to grab his badge holder, where he presumably had stashed the gold. 

 Related stories will be right here … 

According to the affidavit, when his employer confronted him about the theft two weeks later, Preacher wrote and signed a statement that he had stolen the white gold flat stock, and had been stealing precious metals from the company and selling them to a gold buyer since 2018. 

He also admitted his theft to the IRS, and law enforcement officials seized a bag of precious metal scraps from his home. 

Between about March 2020 and March 2023, Preacher took precious metal scraps to a dealer in Canton, Massachusetts, once or twice a month and made more than $1 million. 

He also sold gold, platinum, and silver to a different dealer in West Bridgewater, Massachusetts, between May and November 2023, with those sales totaling $177,062, according to the affidavit. 

In addition to two months in jail, Judge Kelley sentenced Preacher to 10 months of home confinement, 200 hours of community service, and two years of supervised release. 

He also was ordered to forfeit approximately $1.3 million. 

The Latest

Kendra Scott CEO Chris Blakeslee
MajorsJan 09, 2026
Kendra Scott Taps Activewear Exec as CEO

Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.

Wrapped holiday present boxes
SurveysJan 09, 2026
U.S. Holiday Retail Sales Up 4%, Visa, Mastercard Say

The credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.

Christie’s Kimberly Miller
AuctionsJan 09, 2026
Christie’s Names New Global Managing Director for Luxury

Kimberly Miller has been promoted to the role.

Recipients Collage 2025 - NJ (1872 x 1050 px) (1872 x 1052 px).png
Brought to you by
Impacting Tomorrow Today

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

Lionheart Serenity Opal Amulet Charm
CollectionsJan 09, 2026
Piece of the Week: Lionheart’s ‘Serenity’ Opal Charm

The “Serenity” charm set with 13 opals is a modern amulet offering protection, guidance, and intention, the brand said.

Weekly QuizJan 08, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Hannah Dodd and Claudia Jessie in Pandora Bridgerton campaign
CollectionsJan 08, 2026
Pandora’s New ‘Bridgerton’ Jewels Celebrate Bees, Bows, and Blooms

“Bridgerton” actresses Hannah Dodd and Claudia Jessie star in the brand’s “Rules to Love By” campaign.

Ana Khouri logo
Events & AwardsJan 08, 2026
Ana Khouri To Receive 2026 Gem Award for High Jewelry Excellence

Founded by jeweler and sculptor Ana Khouri, the brand is “expanding the boundaries of what high jewelry can be.”

roseco-catalog.png
Brought to you by
Roseco Releases New Full-Line Catalog

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

Stuller’s Color of the Year for 2026, “Signature Red”
TrendsJan 08, 2026
Stuller’s Color of the Year Is a Stark Contrast to Pantone’s White

The jewelry manufacturer and supplier is going with a fiery shade it says symbolizes power and transformation.

Gracie Abrams Chanel Coco Crush
CollectionsJan 08, 2026
Gracie Abrams To Front New Chanel Jewelry Campaign

The singer-songwriter will make her debut as the French luxury brand’s new ambassador in a campaign for its “Coco Crush” jewelry line.

Bobbi L. Avery, Jeffery Bolling, Britney Phillips, and Lindsay Salvo
MajorsJan 08, 2026
Diamond Council of America Names New Board Directors

The nonprofit’s new president and CEO, Annie Doresca, also began her role this month.

Headshot of National Jewler columnist Peter Smith
ColumnistsJan 07, 2026
Peter Smith: Physical Retail—The Beginning or the End?

As the shopping mall model evolves and online retail grows, Smith shares his predictions for the future of physical stores.

Pinar Hakim Rainbow Seahorse Pendant, Nue Fine Jewelry Irene Charm, Susannah King Venus Ring
Events & AwardsJan 07, 2026
Melee Adds 13 New Designers to NYC Show

The trade show is slated for Jan. 31-Feb. 2 at The Lighthouse in New York City's Chelsea neighborhood.

Akiva Gil garnet ring
TrendsJan 07, 2026
Amanda’s Style File: Go for Garnet

January’s birthstone comes in a rainbow of colors, from the traditional red to orange, purple, and green.

Diamonds Do Good 2025 Impact Report
SourcingJan 07, 2026
Diamonds Do Good Releases 2025 Impact Report

The annual report highlights how it supported communities in areas where natural diamonds are mined, crafted, and sold.

Rio Grande xTool F2 Ultra Portable Laser Engraver Bundle
MajorsJan 06, 2026
Rio Grande Says These Are the Top Personalization Tools for 2026

The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.

Zales storefront
MajorsJan 06, 2026
Zales Tests Out A New Look

The Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”

Linda Coutu
MajorsJan 06, 2026
LeachGarner Appoints New Director of Sales

Linda Coutu is rejoining the precious metals provider as its director of sales.

AGA board 2026-2029
SourcingJan 06, 2026
AGA Announces 2026 Board

The governing board welcomed two new members, Claire Scragg and Susan Eisen.

Jenna Blake diamond Fan earrings
TrendsJan 05, 2026
Amanda’s Style File: New Year’s Edition

Sparkle with festive diamond jewelry as we celebrate the beginning of 2026.

Ben Nighthorse Campbell
IndependentsJan 05, 2026
Jeweler Ben Nighthorse Campbell Dies at 92

The master jeweler, Olympian, former senator, and Korean War veteran founded the brand Nighthorse Jewelry.

Jacquie Aiche Alien Heart Eye Inlay Necklace, Cicada Dragonfly Brooch, Harkness After the Rain Earrings
TrendsJan 05, 2026
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool Blue

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.

Saks Fifth Avenue flagship window installation
MajorsJan 02, 2026
Marc Metrick Out as CEO of Saks Global

Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.

Couture Retailer Liaison Jan Mohr
Events & AwardsJan 02, 2026
Jan Mohr, Couture’s ‘North Star,’ Dies at 71

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah Real Gems
SourcingJan 02, 2026
IDCA Elects New President, Board of Directors

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

Lalaounis good luck charm 2026
CollectionsJan 02, 2026
Lalaounis’ 2026 Good Luck Charm Speaks to Resilience

This year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.

Collage of NationalJeweler.com’s most-read stories of 2025
EditorsDec 31, 2025
The Top 5 Stories of 2025

Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.

×

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