Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.
3 Suspects Indicted in Fatal Robbery of CT Jewelry Store
The superseding indictment features a Hobbs Act robbery charge and two new ones: interstate transportation of stolen property and using a firearm to cause a death during a robbery.

Stamford, Conn.—A federal grand jury in Connecticut has indicted three men allegedly involved in the armed and fatal holdup of Marco Jewelers jewelry store.
Robert Rallo, Thomas Liberatore and Paul “Tony Pro” Prosano were previously charged with the federal offense of interference with commerce by robbery (Hobbs Act robbery).
A second federal offense of interstate transportation of stolen property has been added to their charges, according to a press release from the U.S. Attorney’s Office for the District of Connecticut.
The superseding indictment also charges Rallo, aided and abetted by Liberatore, with using a firearm to cause a death during a robbery.
The three men were taken into custody in early April.
Stamford police officers responded to Marco Jewelers on the afternoon of March 28, where they found evidence of a robbery and store owner Mark Vuono lying on the ground in front of an open safe.
Emergency medical personnel pronounced him dead at the scene.
Video surveillance obtained by investigators shows Rallo and Liberatore arriving in a black Jaguar and entering the store.
Armed with a handgun, Rallo got into a physical altercation with Vuono while Liberatore took items from the display cases, investigators said.
Rallo and Vuono, who also had a firearm, struggled next to the open safe.
During the struggle, Rallo reached into the safe and grabbed another gun, a .357 Magnum revolver, and shot and killed Vuono, investigators said.
Law enforcement traced the black Jaguar to Staten Island, New York and kept tabs on the car.
Two days after the robbery, on the night of March 30, investigators said Prosano pulled up beside the car in a black BMW X3. Rallo exited that car and got into the driver’s side of the black Jaguar.
Police followed as the two cars sped off, both later crashing with the two men attempting to flee on foot before being apprehended.
Investigators found 63 rings, eight bracelets, two tie pins, an earring and a cufflink inside the BMW as well as 23 pairs of earrings and three rings in Prosano’s home, all of which are suspected to have been stolen from Marco Jewelers.
Liberatore was also arrested on March 30.
All three defendants have been detained in New York on state parole violation charges since they were arrested.
A Hobbs Act robbery charge carries a maximum imprisonment term of 20 years, while interstate transportation of stolen property carries maximum 10 years.
If convicted of their third charge
Liberatore, meanwhile, was recently charged in a separate indictment for his alleged role in another jewelry store robbery in Greenwich, Connecticut.
The Latest

The “Victoria” necklace features a labradorite hugged by diamond accents in 18-karat yellow gold.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

The Kansas City Chiefs quarterback shares Hublot’s dedication to pursuing greatness, the Swiss watchmaker said.


The Type IIa stone, recovered from Botswana’s Karowe diamond mine last month, features unique coloration.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.

Breitling is now the NFL’s official timepiece partner, a move that puts the brand in front of the millions of Americans who watch football.

NYCJAOS is set for Nov. 21-23 in New York City’s Chelsea neighborhood.

U.S.-based investment company SMG Capital LLC is the new owner of the luxury brand.

A new court filing details the locations of the stores that will close, as well as the 830 that will remain open.

The new catalogs are “Tools, Equipment, & Metals” and “Findings & Metals.”

Sapphire’s variety of colors make it the perfect birthstone for September.

The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.

Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.

The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Sponsored by Clientbook

It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.