Crime

Man Convicted of First-Degree Murder in Death of Colorado Jeweler

CrimeAug 11, 2025

Man Convicted of First-Degree Murder in Death of Colorado Jeweler

Peter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.

Vigil for slain Wheat Ridge, Colorado jeweler Peter Damian Arguello
Shortly after the November 2023 murder of jeweler Peter Damian Arguello, the community held a vigil outside his store, Peter Damian Fine Jewelry & Antiques. Last week, one of the two men charged in connection with Arguello’s murder was found guilty of first-degree murder, among other charges. (Photo courtesy of @WheatRidgePD on X)
Wheat Ridge, Colo.—A jury in Jefferson County, Colorado, has convicted the man charged in the November 2023 murder of a jeweler in a Denver suburb.

According to an update from the Colorado First Judicial District Attorney’s Office, which serves Jefferson and Gilpin counties, 42-year-old Charles Robinson Shay was found guilty on all 11 charges brought against him in connection with the death of Peter Damian Arguello.

Arguello, 64, was the owner of Peter Damian Fine Jewelry & Antiques in Wheat Ridge, Colorado.

Police found Arguello dead inside of his jewelry store on the morning of Nov. 29, 2023, and began investigating the case as a possible robbery homicide.

They were looking for two men.

One was caught on surveillance video inside the store and was seen attempting to bind Arguello with flex cuffs before shooting him, while another was seen fleeing the scene with the first suspect.

Witnesses told police they saw two men leave through the back door of the jewelry store and jump in a red Chevy Silverado pickup truck that, police later determined, had been stolen and was found torched.

On Dec. 27, 2023, police arrested Shay and charged him with second-degree burglary, as well as felony motor vehicle theft in the second degree and criminal possession of an identification document, after he admitted to police that on Dec. 26, he had pried open the door and entered Peter Damian Fine Jewelry & Antiques.

According to an affidavit filed after Shay’s arrest, he told police he’d heard about the robbery homicide and decided to break in and steal what he could from the store because he knew it was unoccupied.

Ultimately, though, there was nothing in the store for him to take, Shay said.

Evidence recovered from the scene indicated that Shay knew more about Arguello’s murder than he was telling police, as DNA recovered from the flex cuffs left at the scene came back to Shay via the Combined DNA Index System, better known as CODIS.

Shay was charged in Arguello’s murder a couple weeks later, on Jan. 18, 2024.

 Related stories will be right here … 

According to the DA’s office, Shay’s trial lasted seven days, with deliberations beginning on Aug. 4 and the jury returning guilty verdicts on 10 of the 11 counts on the afternoon of Aug. 6.

There then was a second phase of the trial during which the jury weighed an 11th charge, called “habitual criminal,” that, under Colorado law, could add to Shay’s prison sentence.

Jurors heard from four additional witnesses about Shay’s six prior convictions and, after deliberating for an hour, found him guilty of being a habitual criminal, concluding that the prior convictions were “separate and distinct” criminal episodes, the DA’s office said.

Mugshots of Charles Robinson Shay and Michael McCormack
Charles Robinson Shay, right, was found guilty in the murder of jeweler Peter Damian Arguello, while Michael McCormack’s trial is scheduled to start later this month. (Photos courtesy of the Wheat Ridge Police Department)


The other charges the jury found Shay guilty of are: murder in the first degree, murder in the second degree, second-degree kidnapping, aggravated robbery, second-degree motor vehicle theft, second-degree arson, tampering with physical evidence, second-degree motor vehicle theft, and second-degree burglary.

His sentencing is set for Sept. 10, the DA’s office said, and he faces a mandatory sentence of life in prison without parole on the first-degree murder charge alone.

The second man arrested and charged in connection with Arguello’s murder, 51-year-old Michael McCormack, is slated to go to trial Aug. 22.
 

The Latest

The Retail Smiths partner and National Jeweler columnist Peter Smith 
ColumnistsJul 28, 2026
Peter Smith: Why Your Job Postings May Be Working Against You

Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.

Tiffany & Co butterfly necklace
FinancialsJul 28, 2026
Tiffany & Co., Bulgari Lead the Way for LVMH in H1

LVMH’s jewelry and watch brands outperformed the company’s other divisions in an environment the company described as “disrupted.”

Lionheart Sacred Heart Charm Necklace
CollectionsJul 28, 2026
Lionheart’s New Collection Unites Spiritual Iconography

“Sacred Heart” features symbols like crosses, angel wings, the Star of David, and the evil eye as a representation of coexistence.

1872-x-1052-July-ad (1).png
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying Events

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Events & AwardsJul 28, 2026
The Edge Funding 2 Scholarships Via 24 Karat Club SEUS

The scholarships will go to early-career professionals looking to study gemology, bench work and jewelry design, or store operations.

Weekly QuizJul 23, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Mikimoto L'éclat high jewelry brooch
SurveysJul 27, 2026
Jewelry Leads Luxury Market Amid Stabilization, Bain Says

Bain & Company delved into the trends shaping the luxury market, the impact of AI, and more in its recent study.

Harvard Rubies Exhibit The Soul of Flame II Brooch by Austy Lee
SourcingJul 27, 2026
‘Rubies’ Goes on Display at Harvard Museum

The exhibition reveals the gemology, geology, and cultural history of the iconic red gemstone.

Brought-To-By-Article-Top-Image.jpg
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center Stage

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

Stock image of shipping containers in port
Policies & IssuesJul 24, 2026
New Trump Tariffs: What They Mean for Jewelry

The new sweeping slate of tariffs impacts 60 countries, including India, China, Thailand, Hong Kong, and the United Arab Emirates.

Jorge Adeler Gods & Heroes coin pendant
TrendsJul 24, 2026
Amanda’s Style File: Ode to ‘The Odyssey’

From coin pendants to diamond shields, these old world-inspired jewels are the perfect accessory for an epic journey.

Courtney Leidy Amethyst Silk Cord Pendant
TrendsJul 24, 2026
Courtney Leidy’s Silk Cord Pendants Center Unexpected Pairings

Our Piece of the Week pairs a checkerboard-cut amethyst with an ivy green silk cord.

NJ Article image.png
PodcastsJul 23, 2026
Episode 7: Reinhold Jewelers on the Power of Relationships

Mildred Marcano Abrams and Yael Reinhold join the podcast to talk community connections, holiday plans, and preserving Reinhold’s legacy.

Trucks at De Beers’ Orapa mine in Botswana
SourcingJul 23, 2026
De Beers’ Production Jumps 88 Percent in Q2

Production also was up in the first half of 2026 but is expected to “substantially” decrease in H2 as two key mines undergo maintenance.

Silvia Furmanovich Enchapado en Tamo Wooden Wheat Straw Sun Earrings
CollectionsJul 23, 2026
Silvia Furmanovich’s New Collection Travels Back to the 1920s

“Art Deco” fuses ancestral techniques, rare materials, and modern perspectives as a tribute to the optimism and curiosity of the movement.

Sissy’s Log Cabin Saracen Casino
IndependentsJul 23, 2026
Sissy's Log Cabin Opens Casino Store

The jeweler’s newest store is inside Arkansas’ Saracen Casino Resort.

Kate Spade New York watches
WatchesJul 23, 2026
Movado Inks Licensing Deal With Kate Spade New York

The watch company will design, manufacture, and distribute Kate Spade New York watches.

Stock photo of loose polished diamonds
Policies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods

The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.

Monica Rich Kosann Enchanted Garden Cherry Necklace
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is Fruitful

The “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.

Liljenquist new Rolex boutique McLean Virginia
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New Boutique

It’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.

NY Now exhibitor booth
Events & AwardsJul 22, 2026
NY Now Returns in August Under New Ownership

The show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.

The Retail Smith Principal Partner and National Jeweler columnist Sherry Smith
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond Market

Smith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.

Emerald logo
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald Acquisition

Former Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.

Graff Seraphina Brooch and Lina Pendant
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches Metamorphosize

The 12-piece capsule collection transforms from brooches to pendants.

Rough diamonds from De Beers’ Gahcho Kue mine in Canada
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De Beers

A Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.

Stock image of shipping containers
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones Exempt

The new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.

Vhernier Freccia High Jewelry Necklace
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High Jewelry

The collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.

Krista Collins Walters
MajorsJul 20, 2026
Krista Collins Walters Promoted to Publisher of Instore

She will also take on the role of vice president of jewelry for SmartWork Media, a newly created position.

×

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