The 23-carat fancy vivid blue diamond, set to headline Christie’s May jewelry auction, was expected to sell for as much as $50 million.
JSA Warns of Surge in Distraction Thefts
The Jewelers Security Alliance said the increase is due to a gang of “Romanian Gypsies” allegedly targeting retail jewelry stores in the United States.
New York--The Jewelers Security Alliance is warning store owners to be on the lookout for distraction thefts allegedly being perpetrated by members of the nomadic ethnic group Roma, also known as Gypsies.
The most recent distraction theft, described in JSA’s most recent weekly bulletin, happened Tuesday at a jewelry store in Gilroy, Calif.
According to the JSA, two women entered the store, one of which was carrying an infant.
They asked to see multiple gold chains and rings, and selected several that they said they wanted to purchase.
The sales associate brought the items to the register and one of the women asked to cut off the tags and wrap up the items in her own gift wrapping paper. As the sale continued, the suspects asked if the store accepted euros and, upon learning that it did not, they left, purportedly to go the bank to convert their money to dollars.

The incident in Gilroy was one of a number of distraction thefts possibly carried out by a large gang of “Romanian Gypsies” that the JSA said is now operating in the United States and targeting jewelry stores.
Other similar distraction thefts happened in North Olmstead, Ohio on Oct. 16; Salem, N.H. on Oct. 12; Madison Heights, Mich. on Sept. 25; and Grand Junction, Colo. on Sept. 14.
Some shared characteristics of these jewelry store distraction thefts believed to have been perpetrated by the Roma include:
1. Entering stores in groups of two, three, four or more, often with babies or multiple children in strollers;
2. Requesting to see large numbers of items, often gold chains, which they have placed or spread out on the showcase;
3. Seeking to distract the sales associate with wrapping requests, requests to have the items placed in a box to hold for them until they return, or covering the items with a large purse while counting out a cash payment;
4. Finding a reason to leave the store abruptly, such as having only foreign money or not having enough cash, just as the items are being rung up; and
5. Conversing in what has been described as an “unknown European language.”
In
One is described as being 5 foot 10 and 170 pounds with a stocky build and long, dark hair worn in a bun.
The second suspect, the one who was carrying the infant, was about 5 foot 6 and 145 to 150 pounds, also with a stocky build and long black hair.
These two women are believed to have attempted a distraction theft at a jewelry store in Bend, Ore. a month ago but the staff prevented it.
The JSA recommends that stores guard against distraction thefts by showing only one item at a time and keeping showcases locked, except when taking merchandise out or returning it to the showcase.
The Latest

G.B. Heron Jewelers in Salisbury, Maryland, is set to close as its owner, Jeff Cassels, retires.

Emmanuel Raheb outlines the differences between the two platforms and posits that the most successful jewelers use both.

Supplier Spotlight Sponsored by GIA

The miner said its April sale featured a mix of commercial-quality primary rubies and secondary rubies of varying quality.


Health monitors become statement pieces when paired with the brand’s new collection of stackable diamond-studded bands.

Ten organizations were selected this year.

Six new retail businesses were selected for the 2025 program, which began in January.

Kim Carpenter and Sam Gevisenheit have joined the brand.

“Shell Auranova” is the next generation of the brand’s bridal line, featuring half-bezel engagement rings with bold and fluid designs.

Boucheron and Pomellato performed well in an otherwise bleak quarter for Kering amid struggles at Gucci.

Designer Deborah Meyers created her birds from oxidized sterling silver, rose-cut diamond eyes, and Akoya Keshi pearl feathers.

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.

Sponsored by the Gemological Institute of America

Simon Wolf shares why the time was right to open a new office here, what he looks for in a retail partner, and why he loves U.S. consumers.

A third-generation jeweler, Ginsberg worked at his family’s store, Ginsberg Jewelers, from 1948 until his retirement in 2019.

The company failed to file its quarterly reports in a timely manner.

The organization also announced its board of directors.

Charms may be tiny but with their small size comes endless layering possibilities, from bracelets to necklaces and earrings.

Located in Valenza, the now 355,000-square-foot facility includes a new jewelry school that’s open to the public, Scuola Bulgari.

Paola Sasplugas, co-founder of the Barcelona-based jewelry brand, received the Fine Jewelry Award.

A platinum Zenith-powered Daytona commissioned in the late ‘90s will headline Sotheby’s Important Watches sale in Geneva next month.

The basketball stars wear men’s jewelry from the “Curb Chain” collection.

The Signet Jewelers-owned retailer wants to encourage younger shoppers to wear fine jewelry every day, not just on special occasions.

The 21 pieces, all from a private collector, will be offered at its Magnificent Jewels auction next month.

Lilian Raji answers a question from a reader who is looking to grow her jewelry business but has a limited marketing budget.

GCAL by Sarine created the new role to sharpen the company’s focus on strategic partnerships and scalable expansion.