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

    New Brunswick Launches Strategy To Become A World Leader In Cybersecurity

    Gallant made the announcement at the University of New Brunswick where he launched CyberNB — a strategy to create jobs and revenues in the various fields of cyber technology.

    New Brunswick Launches Strategy To Become A World Leader In Cybersecurity

    Lawyers Propose $50M Deal For Newfoundland And Labrador Residential School Case

    The settlement, affecting about 800 class-action members alleging abuse along with cultural losses, was revealed Tuesday as lawyers for both sides were in provincial Supreme Court in St. John's seeking approval to notify plaintiffs.

    Lawyers Propose $50M Deal For Newfoundland And Labrador Residential School Case

    Former Leader Of Alleged Cult Pleads Guilty To Several Assault Charges

    Former Leader Of Alleged Cult Pleads Guilty To Several Assault Charges
    OWEN SOUND, Ont. — The former leader of a southwestern Ontario church that police have described as cult-like pleaded guilty Tuesday in an Owen Sound, Ont., court to nine counts of assault.

    Former Leader Of Alleged Cult Pleads Guilty To Several Assault Charges

    Nunavut Plebiscite: Voters Reject Private Land Sales

    Nunavut Plebiscite: Voters Reject Private Land Sales
    In a plebiscite held on Monday, the idea was voted down in every one of the territory's 25 communities.

    Nunavut Plebiscite: Voters Reject Private Land Sales

    High-Profile B.C. RCMP Inspector Tim Shields Charged With Sexual Assault

    High-Profile B.C. RCMP Inspector Tim Shields Charged With Sexual Assault
    RCMP officer once in charge of the Mounties' communications strategy at E Division in Vancouver has been charged with sexual assault.

    High-Profile B.C. RCMP Inspector Tim Shields Charged With Sexual Assault

    Drive-By Shooting In Surrey: One Man Injured In Targeted Attack

    Drive-By Shooting In Surrey: One Man Injured In Targeted Attack
    One man suffered minor injuries following the latest shooting in Surrey’s Newton neighbourhood.

    Drive-By Shooting In Surrey: One Man Injured In Targeted Attack