Boy "Stole Dad's $62,000 Diamonds" to Buy iPhone

By John Jeffay / November 15, 2023 / www.idexonline.com / Article Link

(IDEX Online) - A diamond merchant reported his own 16-year-old son to police in Surat, India, for allegedly stealing polished gems worth over $62,000.

According to a report filed to police, the boy stole six packets of polished diamonds, with a total weight of 269 carats.

He then sold them for a tiny fraction of their real value, just $300, so he could buy an iPhone.

The father, who runs a diamond factory in Matawadi, told police that since the recession he had taken to storing diamonds at home, in his bedroom, according to a report in The Indian Express. He also gave officers named of the people he alleged had bought the diamonds.

Generic diamond pic

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok