Close X
Friday, November 15, 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

    Victim: Jian Ghomeshi Apology 'Clearest Path To The Truth;' Sex Charge Withdrawn

    Victim: Jian Ghomeshi Apology 'Clearest Path To The Truth;' Sex Charge Withdrawn

    TORONTO — Fallen radio star Jian Ghomeshi apologized publicly Wednesday to a former colleag...

    Victim: Jian Ghomeshi Apology 'Clearest Path To The Truth;' Sex Charge Withdrawn

    'It's Going To Create Hostility:' Fort McMurray Evacuees Want To Go Home Soon

    'It's Going To Create Hostility:' Fort McMurray Evacuees Want To Go Home Soon
    LAC LA BICHE, Alta. — Dave Cramm doesn't understand why he can't go home.

    'It's Going To Create Hostility:' Fort McMurray Evacuees Want To Go Home Soon

    Accused Killer Takes Stand In His Own Defence In Tim Bosma Murder Trial

    Accused Killer Takes Stand In His Own Defence In Tim Bosma Murder Trial
    Mark Smich, 28, of Oakville, Ont., testified that he considered his co-accused Dellen Millard a brother and best friend.

    Accused Killer Takes Stand In His Own Defence In Tim Bosma Murder Trial

    Saskatchewan Patients Can See Family More As Health Facilities Open Doors 24-7

    Saskatchewan Patients Can See Family More As Health Facilities Open Doors 24-7
      Health Minister Dustin Duncan says Saskatchewan is the first Canadian province to welcome families around the clock.

    Saskatchewan Patients Can See Family More As Health Facilities Open Doors 24-7

    Pastor's Role In Murder Case Highlights Issues With Religious Confessions

    Pastor's Role In Murder Case Highlights Issues With Religious Confessions
    Rev. Eduardo Cruz's report helped police solve a seven-year-old murder case involving an unidentified body found in a burning suitcase in an industrial parking lot north of Toronto in 1994.

    Pastor's Role In Murder Case Highlights Issues With Religious Confessions

    Under Fire, Health Canada Announces Mental Health Workers For Attawapiskat

    Under Fire, Health Canada Announces Mental Health Workers For Attawapiskat
    Health Canada says it will fund two additional mental health workers and a case manager for youth in Attawapiskat to assist with the northern Ontario reserve's suicide crisis.

    Under Fire, Health Canada Announces Mental Health Workers For Attawapiskat