Third Man Involved in $2.7M Smash-and-Grab Is Sentenced
In March 2022, the men went into a jewelry store in Beverly Hills and smashed the display cases with sledgehammers and crowbars.

Ladell Tharpe, 39, of Long Beach, California, was sentenced March 31 by U.S. District Judge George H. Wu after pleading guilty in September 2024 to one count of Hobbs Act robbery.
According to authorities, Tharpe and three other men—22-year-old Deshon Bell, 33-year-old Jimmy Lee Vernon II, and an unnamed minor—drove three vehicles, one of which had been stolen, to the jewelry store in the middle of the afternoon on March 22.
Authorities said Bell acted as the getaway driver while the others used crowbars and sledgehammers to break the store’s display cases while employees and customers were in the store.
They stole at least 20 watches, 19 bracelets, eight rings, seven pairs of earrings, four necklaces, and a pair of obelisks worth approximately $2.7 million.
Two days after the robbery, Tharpe posted pictures of stacks of cash on Instagram along with a caption praising his “Robbery Gang,” authorities said, while Vernon’s cell phone fell out of his pocket at the jewelry store and was recovered by investigators.
Bell and Vernon also pleaded guilty to one count of Hobbs Act robbery each.
Bell, the getaway driver, was sentenced to one year and one day in federal prison in February 2024, while Vernon was sentenced in February to 80 months (six-and-a-half years) in prison.
All three men were ordered to pay $2.7 million in restitution.
The Latest

The De Beers Group CEO discusses the company’s new “beacon” program, the likelihood diamonds will be exempt from tariffs, and “Origin.”

The Danish jewelry giant hosted its grand opening last weekend, complete with a Pandora pink roulette wheel.

Industry veteran Anoop Mehta is the new chairman and independent director of the IGI board.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The winners of the inaugural “Kering Generation Award x Jewelry” are student Lee Min Seo and China-based startup Ianyan.


“Ombré Desert Diamonds” will emphasize cream-, champagne-, and brown-colored diamonds, shades that set natural stones apart from lab grown.

It's one of the “Gresham grasshopper” rings English financier Sir Thomas Gresham was known to gift to acquaintances or business associates.

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

The brand also debuted its new “Zorae” collection featuring a talisman of protection and harmony inspired by a sheaf of wheat.

As Loudr’s new account manager, Johansen will partner with clients to craft and execute marketing strategies.

Designers were recognized in 12 categories, from platinum to pearls, before the evening ended with a new, retail-focused award.

The rare turquoise and diamond jewel was the top lot at Bonhams’ June jewelry sale.

This year’s honorees include a Midwest retailer and two multi-store independents, one in New York and the other in New England.

The deadline to submit is June 16.

The diamond wholesaler is working with the insurance provider to seamlessly offer personal jewelry insurance to RDI retailers’ clients.

As an homage to iconic crochet blankets, the necklace features the nostalgic motif through a kaleidoscope of cabochon-cut stones.

Discover the dozen up-and-coming brands exhibiting in the Design Atelier for the first time.

The “Royal Ruby” Collection is a quintet of untreated rubies curated by collector Jack Abraham.

The entrepreneur and “Shark Tank” star will share his top tips for success.

Two existing executives have been given new roles.

Meredith Tiderington, an electrical engineering student, was selected for the award.

It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”

From design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.

Her new role is director of strategic initiatives.

The designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.

On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.

The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.