News

Man steals $93,000 ring from Stanford jeweler

Ring stolen from Shreve and Company at Stanford Shopping Center Thursday afternoon

A man who claimed he was shopping for an engagement ring at Shreve and Company at Stanford Shopping Center Thursday afternoon stole a ring valued at $93,000 and ran off, police said.

The man asked to see several rings when he entered the jewelry store Thursday. When a sales associate handed him a platinum ring with a 3.7-carat center diamond and several side stones he turned and ran out of the store, Palo Alto police Agent Rich Bullerjahn said.

"No weapon was seen, no threats were made, it was simply a ruse to look at the ring and take it," Bullerjahn said.

"It sounds like it was a grab and go."

Chased by the store manager, the man fled into a waiting van, described as a late-model gray Dodge Caravan. The vehicle, with an unidentified driver, then sped off. While employees provided a license plate number, police determined that the van was stolen from its owner in Foster City.

Employees described the suspect as a Hispanic male in his mid 20s, between 6 feet and 6 feet 2 inches tall, weighing 180 to 200 pounds with black hair and brown eyes, and well dressed, they said.

Investigators are currently processing the store's security footage in order to find leads.

"We'll try and get a picture of him so we can coordinate with other departments to identify him," Bullerjahn said. "Number one, we want to locate him and, number two, hopefully track down the ring."

Comments

Like this comment
Posted by anon
a resident of Midtown
on Jan 14, 2011 at 9:05 pm

That sounded too easy. I am surprised he was able to run off with such a valuable object. I was in a 7-11 the other day and the clerk was eyeing everyone. You could not pick up a slurpy cup without your motives being scrutinized. Hire that guy to work at Shreves!


Like this comment
Posted by Suspect
a resident of another community
on Jan 14, 2011 at 11:44 pm

I always thought those high end places had electronic doors, that locked you in. Never bought a ring or any high end jewelery for that matter, but I've seen places like that overseas.


Like this comment
Posted by qq
a resident of Barron Park
on Jan 15, 2011 at 4:34 am

I would question the $93k figure...

Have You Ever Tried to Sell a Diamond?
Web Link


Like this comment
Posted by Commander McBragg
a resident of another community
on Jan 15, 2011 at 8:10 am

That web link is an interesting story. I knew there is a cartel but I didn't know the details. It's interesting how they created the market from nothing. Now everyone has to buy a diamond ring for their betrothed, and hang on to it forever. And they have to buy it from DeBeers. It looks like DeBeers was able to get control of the Australian diamond market in the '80s.


Like this comment
Posted by Katie
a resident of Another Palo Alto neighborhood
on Jan 15, 2011 at 11:37 am

To the naked eye, the cubic zirconia is so well-made these days. Why pay more?

He also didn't get the paperwork for the diamond (assumption) so who can he really sell it to besides some scammy place? He'll still get a few thousand for it, perhaps.

Cartier does lock the door and have a security guard.


Like this comment
Posted by Alex
a resident of Midtown
on Jan 17, 2011 at 2:24 am

I applaud the robber for taking the ring. You all, who could afford such a thing, should be ashamed of yourselves.

I dare the Palo Alto Online staff to delete this post. I have been doing journalism in this town before most of you were born. Go ahead and I'll talk to you in person later.


Like this comment
Posted by Mr Fischer
a resident of East Palo Alto
on Jan 17, 2011 at 10:42 pm

It was an inside job. For your information. ain't nobody that stupid.


Like this comment
Posted by Esther
a resident of another community
on Mar 7, 2011 at 9:50 am

@Alex

What is wrong you with you? Good for him for stealing? When you are rich, you are free to deny giving your business to such extravagance, but that doesn't give anyone the right to steal. I am grateful to live in a society that depends on people being honest. The break down of society occurs when people decide to be dishonest and disobey the laws we all have agreed to live by. Applauding this type of behavior is repulsive. And who cares if you have been a journalist for a long time? Your credentials obviously haven't given you any sort of common sense or decency.


Sorry, but further commenting on this topic has been closed.

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