"Construction Workers" Arrested over $2m Diamond Heists

By John Jeffay / June 20, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Five men have been arrested in New York after an armed gang posing as construction workers stole an estimated $2m of diamonds in two heists.The suspects, most aged in their 60s, are reported to have links with the Lucchese and Gambino families that dominate organized crime in the city.Among the items stolen was a 73-carat necklace, a six-carat ring, and a 17-carat pair of earrings.Bayco Jewels, on Madison Avenue, which counts Beyonce and Rihanna among its celebrity customers, was targeted in January. Another Manhattan store, not identified by police, was raided in May. CCTV footage shows the robbers wearing high-visibility construction gear before the Bayco raid.The suspects have been charged with Hobbs Act robbery (actual or attempted robbery or extortion) conspiracy to commit Hobbs Act robbery, and brandishing a firearm during and in connection with a crime of violence.Pic courtesy US Attorney's Office, Southern District of New York

Recent News

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com

Canada and US import tariffs remain low

December 23, 2024 / www.canadianminingreport.com

Major metals not gaining much on China stimulus announcements

December 16, 2024 / www.canadianminingreport.com

Spectre of stagflation looms over base metals

December 16, 2024 / www.canadianminingreport.com

TSXV large gold gains overall, but a mixed story underneath

December 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok