ittybittycitykitty t1_isoebh6 wrote on October 17, 2022 at 2:25 PM

Reply to comment by _Maxolotl in Thieves run off with over half million worth of jewels in Manhattan smash-and-grab by CommonsCarnival

What is the fate of the stolen jewelry do you think? And what was it fenced for, presuming it was sold as is.

Maybe melted down, to get pennies on the dollar for the metal?

needlepark t1_isotgop wrote on October 17, 2022 at 4:16 PM

I am curious too, but usually jewelry store robberies are done by robbers who already have a customer for it. Unless they are robbing for themselves which would be the most idiotic plan ever. So the particular person this group is doing this for will do what he does best with it in order to cover the trail, most likely they will melt it down, ship it overseas and sell it to someone who can create fake certificates for each jewel he will in turn make out of the melt.

TonyzTone t1_isowv98 wrote on October 17, 2022 at 4:40 PM

It probably gets sold for 25-50% of the retail value to a fence with international reach. These jewels will be hanging off the wrists and necks of any number of millionaires around the world.