Men Receive Lengthy Prison Sentences for 2023 Murder of Colorado Jeweler
Charles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.

The Colorado First Judicial District Attorney’s Office announced that on Monday, Michael James McCormack, 51, was sentenced to 75 years in prison after being found guilty of felony murder and aggravated robbery, among other charges.
The other man charged in the case, 42-year-old Charles Robinson Shay, was found guilty in a separate trial of 10 counts in connection with Arguello’s death, including first-degree murder, second-degree kidnapping, and aggravated robbery.
Jurors also found Shay, who has six prior felony convictions, to be a “habitual criminal” under Colorado law, a charge that can lead to longer prison sentences.
Shay was sentenced to life without the possibility of parole plus 120 years on Sept. 10, the DA’s office said.
Arguello, 64, was the owner of Peter Damian Fine Jewelry & Antiques, a store he opened in 2007.
According to the DA’s office, Arguello’s wife, Teresa Casillas, said during sentencing that after her husband’s death, they had to close their business because, “Peter was the reason customers came to the store.”
“He was committed to working at least 10 more years because he loved his little shop and took so much pride in its treasures. Unlike most of us, going to work was fun for him,” she said.
In a post on Facebook, the Wheat Ridge Police Department described the late jeweler as a friend, mentor, and father figure in the Wheat Ridge community.
“His shop was a welcoming, safe place where you were always greeted with a smile,” the post reads.
“Peter embodied the kind of optimism and compassion we try to exemplify in our community and in our police department … Justice will not bring Peter back, but we sincerely hope this outcome will allow Peter’s family to heal. They are part of our family now, forever and always. As we move forward, we honor his memory by living life with joy and kindness.”
Arguello was in his store on the morning of Nov. 29, 2023, when Shay and McCormack came in.
Prosecutors and Arguello’s family argued during trial that McCormack earned Arguello’s trust in order to gain access to the store and then target him, keeping tabs on the jeweler “like a lurking, cunning predator.”
During the robbery, it was Shay who bound Arguello with flex cuffs, assaulted him, and fatally shot him, the DA’s office said.
Both men were seen by witnesses fleeing through the back door and getting into a red Chevy Silverado—which police later determined had been stolen—that was found after it had been set on fire.
DNA found on the flex cuffs linked Shay to the crime, and he was formally charged in January 2024.
Police issued a warrant for McCormack on March 7, 2024, and arrested him on May 2 following a two-month search.
The Latest

Gretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.

Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.

With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.

Submit your pieces for a chance to win in this year's competition.

Laughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.


The California jeweler is renovating its store in Fresno, with plans to show off the new space in December.

A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.

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

The deadline to apply is Nov. 13.

The auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.

Zaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.

Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.

The British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.

The “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.

Cat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.

Arnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.

The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.

The stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.

Engagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.

Former Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.

The veteran luxury packaging executive was appointed to help the company grow its North American business.

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.

The “Worn Well” collection is Catbird's take on classic men's jewelry.

This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.

The former De Beers CEO, and perhaps its next owner, will be a featured speaker at the event, slated for Sept. 4-7 in Italy.

The employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.


























