Close X
Sunday, November 17, 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

    Equipment Failure Caused Horse-drawn Buggy Crash That Injured Eight: Police

    Equipment Failure Caused Horse-drawn Buggy Crash That Injured Eight: Police
    Ontario Provincial Police say equipment failure caused a horse-drawn buggy crash that injured eight and left a toddler with serious injuries.

    Equipment Failure Caused Horse-drawn Buggy Crash That Injured Eight: Police

    Yukon River Ice Breakup Shatters Previous Record For Spring Thaw

    Yukon River Ice Breakup Shatters Previous Record For Spring Thaw
    DAWSON CITY, Yukon — Residents of Yukon have experienced something that has only happened a handful of times in the last 120 years.

    Yukon River Ice Breakup Shatters Previous Record For Spring Thaw

    UPS Plane Lands Safely In Halifax After Diversion For Mechanical Problem

    A UPS plane that was diverted to Halifax because of mechanical problems has landed without incident.

    UPS Plane Lands Safely In Halifax After Diversion For Mechanical Problem

    Philippines Seeks To Rescue Hostages, Including 2 Canadians

    Philippines Seeks To Rescue Hostages, Including 2 Canadians
    Philippine forces were moving in an effort to rescue two Canadians and a Norwegian after their Muslim militant captors threatened to behead one of them if a huge ransom was not paid by Monday afternoon

    Philippines Seeks To Rescue Hostages, Including 2 Canadians

    Provincial Police Probe Officer-Related Incident Involving Montreal Cop

    MONTREAL — A man is in critical condition in hospital after allegedly being injured by Montreal police this morning.

    Provincial Police Probe Officer-Related Incident Involving Montreal Cop

    London Ont., Killing, Dismemberment Case Is Manslaughter, Not Murder: Defence

    London Ont., Killing, Dismemberment Case Is Manslaughter, Not Murder: Defence
    lawyer Lynda Lamb says James McCullough had no prior plan to kill his friend, cut up his body, dispose of the parts and escape detection.

    London Ont., Killing, Dismemberment Case Is Manslaughter, Not Murder: Defence