Close X
Saturday, November 16, 2024
ADVT 
National

Gold, Diamonds Worth Less Than Intact Bejewelled $5-million Eagle: Experts

The Canadian Press, 01 Jun, 2016 10:01 AM
    VANCOUVER — If thieves are hoping to dismantle a stolen jewel-encrusted eagle and sell the gold and gems for cash, they should think again, say jewellery experts.
     
    Police have said the solid gold sculpture, known as the Maltese Eagle, was taken from its owner in a violent robbery on a street in suburban Vancouver on Sunday night.
     
    The eagle stands about 30 cm tall and weighs more than eight kilograms. Its head is adorned with 763 diamonds and it sits on 12.72-carat emerald.
     
    Owner Ron Shore has said the piece that was taken from him in the community of Ladner, B.C., is worth about $5 million.
     
    "It's going to be really hard to sell this because the industry knows about this, they're not going to want to touch it, even if it's in pieces. Unless they're really shady," said Suman Bakshi, who owns a jewelry store.
     
    People in the industry talk and dealers will be on the lookout for suspicious sellers, she said.
     
    Even people who haven't heard about the robbery would think twice if they were approached to take apart such artwork, Bakshi added.
     
    "If someone brought this to me and I didn't know, my alarm bells would go off. I'd be like, 'Why would you want to sell this? Look at this masterpiece!'"
     
    Dismantling the work likely wouldn't be a better option, said David Ritter, president of the Canadian Jewellers Association.
     
    Unsetting the jewels would be difficult, and a novice would likely end up breaking some of the gems, he said.
     
    If someone managed to get the stones out, reselling them to jewellers on high alert would be challenging, Ritter said, adding police would be called, and groups such as the Canadian Jewellers Association or Jewellers Vigilance Canada would likely be informed.
     
    Breaking down the piece and selling off the gems and gold would likely net less than hawking the eagle, he said.
     
    "The design of it is much superior to if you started to take it apart and melt the gold down and get the diamonds. It's just not worth the same."
     
    Bakshi said the eagle will likely end up in a private collection when someone offers the right price.
     
    "Whoever has this is going to have a really hard time selling it because it's such a unique piece."
     
    Police have said they are interviewing witnesses and working on a description of the suspect or suspects.

    MORE National ARTICLES

    Justin Trudeau to name date for 'Three Amigos' summit with U.S., Mexico: sources

    Justin Trudeau to name date for 'Three Amigos' summit with U.S., Mexico: sources
      The summit, which draws together the leaders of Canada, the United States and Mexico, is expected to take place in Ottawa towards the end of June.

    Justin Trudeau to name date for 'Three Amigos' summit with U.S., Mexico: sources

    ‘Driving Through The Apocalypse’: Watch, Fort McMurray Residents Seek Refuge From Wildfires

    ‘Driving Through The Apocalypse’: Watch, Fort McMurray Residents Seek Refuge From Wildfires
    While as many as 80,000 people make their way south from the far-flung northern municipality, a fuel tanker is en route to Highway 63 to help drivers who spent the night stranded without gas while trying to flee.

    ‘Driving Through The Apocalypse’: Watch, Fort McMurray Residents Seek Refuge From Wildfires

    Surrey RCMP Releases Sketch Of A Suspect Who Sexually Assaulted Female Realtor

    Surrey RCMP Releases Sketch Of A Suspect Who Sexually Assaulted Female Realtor
    Surrey RCMP is requesting the public’s assistance in identifying the suspect in a stranger sexual assault that occurred in north Surre

    Surrey RCMP Releases Sketch Of A Suspect Who Sexually Assaulted Female Realtor

    Kelly Ellard Denied Parole

    Kelly Ellard Denied Parole
    She admitted to the board on Tuesday that if she hadn't been there Reena Virk would probably be alive today.

    Kelly Ellard Denied Parole

    Vancouver Home Sales Hit Record For April, Prices Soar From Year Ago

    Vancouver Home Sales Hit Record For April, Prices Soar From Year Ago
    The board says sales totalled 4,781 for April, up 14.4 per cent from 4,179 in the same month last year.

    Vancouver Home Sales Hit Record For April, Prices Soar From Year Ago

    B.C. Mountie Says Sexual Harassment Settlement Still Means RCMP Need Policies

    B.C. Mountie Says Sexual Harassment Settlement Still Means RCMP Need Policies
    A British Columbia Mountie whose sexual harassment lawsuit against the RCMP prompted similar cases across the country has reached an out-of court settlement with the force.

    B.C. Mountie Says Sexual Harassment Settlement Still Means RCMP Need Policies