Millions of dollars in jewelry stolen from armored car in California

0

July 18 (Reuters) – Millions of dollars worth of jewelry and gemstones belonging to exhibitors at a California trade show were stolen from an armored car traveling north of Los Angeles last week, authorities said on Monday.

The theft took place in the early hours of July 11 in the city of Lancaster as the vehicle, operated by The Brink’s Co, was heading for a storage facility, said Brandy Swanson, director of the International Gem & Jewelry Show , which hosts retailers. exhibits in venues across the country.

The theft involved about 25 to 30 jewelry and gemstone lockers belonging to 18 individual exhibitors at a trade show in San Mateo, south of San Francisco, she said. The merchandise was in storage ahead of another scheduled show in Pasadena.

Join now for FREE unlimited access to Reuters.com

Register

Brink’s said in a press release that the missing items were worth less than $10 million, while Swanson valued them at more than $100 million. The security company could not immediately be reached for comment.

Explaining the discrepancy, Swanson said smaller exhibitors tend to undervalue their exhibits for insurance due to the high cost of coverage.

Swanson said his group was working with local law enforcement and the FBI.

It’s unclear how the truck was stolen, if there were tracking devices on the lockers or if there were security cameras on the truck or in the area, she said.

“These victims are moms and pop-operators, but the value of these lockers is worth more than people realize,” Swanson said. “It’s their life. Their whole life savings are now gone.”

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Randi Love in New York; Editing by Richard Chang

Our standards: The Thomson Reuters Trust Principles.

Share.

About Author

Comments are closed.