Rash Of Thefts Rocks Hong Kong Diamond Shops

diamond exchangeAuthorities in Hong Kong are wrestling with three cases of diamond jewelry theft that have made headlines in the wealthy province.

A Japanese manager of the Pan Pacific Diamond jewelry company was arrested for allegedly stealing diamonds. The Kowloon Magistrate Court refused her request for bail.

According to authorities, the manager stole 42 diamonds that are worth a total of over $740,000 and pawned them in Macau for cash. The next hearing in the case is scheduled for next month.

In another alleged theft, a Piaget diamond watch worth $116,000 was stole from the Emperor Watch and Jewelry shop in New World Tower.

Shortly afterward, two Chinese men walked into a jewelry store and asked to try luxury brand watches. While they were checking the watches, they allegedly performed a magic trick which concealed the watch, and left the shop. Police were notified, and the two men were filmed on closed-circuit television.

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