Member of the Month

JalmarKalmar
April, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

50 Million Dollar Diamond Heist:

profile picture
icon1234
Posts: 3081 - Karma: 1,475
This is some Hollywood shit:

http://www.usatoday.com/story/todayinthesky/2013/02/19/swiss-airline-targeted-in-gigantic-diamond-heist-helvetic-brussels/1929759/

They were driving Audi R8's, so badass lol.
Feb 19 2013 1:24PM
54 18
profile picture
Laurent.
Posts: 10054 - Karma: 25,277
Diamonds do keep their value on the black market, in generic sizes, they are pretty much untraceable.
May 8 2013 4:52PM
1 1
profile picture
deleted5
Posts: 14507 - Karma: 13,500
They absolutely do not keep their value on the black market. If you're going to a back alley to sell diamonds it's because people know they're stolen so they know they can buy them cheaper. If you want the real price for the diamonds go to a real jeweler.
May 8 2013 4:55PM
1 0
profile picture
Laurent.
Posts: 10054 - Karma: 25,277
Actually they do most keep their value, the black market discount is measured in percentage.
Usually only the first contact the "fence" which most thieves have already lined up knows they are 'dirty'.
They can sell it to someone who doesn't care about its provenance it goes to someone a little dirty, then less dirty and less dirty until it gets into the pipeline of the industry.
May 8 2013 5:02PM
1 2
profile picture
deleted5
Posts: 14507 - Karma: 13,500
you are so fucking stupid and have no idea what you are talking about, I worked in the diamond district in nyc for a few years. if you're going to buy any diamonds as a real jeweler/anyone in the world and it turns out they are stolen the police take them away and you get none of your money back. so if someone comes in with $50,000$+ worth of diamonds we have to say hey are these yours, where did you get them, where's the proof of sale? because no one wants to buy 100,000$ of anything them have them repossessed. so no they are less on the black market.
May 8 2013 5:08PM
1 0
profile picture
Laurent.
Posts: 10054 - Karma: 25,277
NYC might have small time diamond sales. But that's not where the stuff from Brussel was heading.
Dubai and Hong Kong are the major hubs, they don't care about source there and after the first sale it flows and it's source becomes more and more legit along the way.

And no one is gonna walk into a jeweler with 100K of stolen diamonds, unless they are idiots.

Yes they are less on the black market, but not substantially so.
May 8 2013 5:17PM
1 1
profile picture
deleted5
Posts: 14507 - Karma: 13,500
"NYC might have small time diamond sales." that may be top 5 most wrong things I have ever read on this site. Look I think its cute you just finished watching blood diamond but let people who know what they are talking about post because you clearly don't.
May 8 2013 5:36PM
1 1
profile picture
GayWolf420
Posts: 36720 - Karma: 111,000
Damn I was rooting for them to get away.
May 8 2013 5:37PM
1 0
All times are Eastern (-4)