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

The collection marks the first time GemFair’s artisanal diamonds will be brought directly to consumers.

The initial charts are for blue, teal, and green material, each grouped into three charts categorized as good, fine, and extra fine.

The new tool can assign the appropriate associate based on the client or appointment type and automate personalized text message follow-ups.

Criminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.

Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.


Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.

The retailer operates more than 450 boutiques across 45 states, according to its website.

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

The new members’ skills span communications, business development, advocacy, and industry leadership.

The jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.

The new features include interactive flashcards and scenario-based roleplay with AI tools.

Family-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.

The Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.

Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.

Ella Blum was appointed to the newly created role.

Sponsored by RapNet

Investment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.

It explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.

Retail veteran Sindhu Culas has stepped into the role.

Taylor Burgess, who has been at Stuller since 2013, was promoted to the newly created role.

Was 2025 a good year for jewelers? Did lab-grown diamonds outsell natural? Find out on the first episode of the “My Next Question” podcast.

Whether you recognize their jewels or are just discovering them now, these designers’ talent and vision make them ones to watch this year.

Morris’ most cherished role was being a mother and grandmother, her family said.

“Vimini” is the first chapter of the “Bulgari Eternal” collection that merges archival pieces with modern creations.

The third edition will be held in Half Moon Bay, California, in April.

The grant is in its first year and was created to recognize an exceptional fine jewelry designer whose star is on the rise.

Data built on trust, not tracking, will be key to success going forward, as the era of “borrowed attention” ends, Emmanuel Raheb writes.























