facebook
twitter
search
search

Russian police seize $82K in diamonds

Jan. 4, 2013 at 8:11 AM

VOLGORAD, Russia, Jan. 4 (UPI) -- Police in Volgorad, Russia, said they seized more than 1,000 diamonds and precious stones worth a total of approximately $82,000 in a raid Friday.

Police said they were tipped off about the gemstone trafficking and illicit distribution channels through area pawnbrokers and jewelry stores, RIA Novosti reported.

"It has been established that they [the suspects] were engaged in the manufacturing of jewelry involving precious stones in low-grade gold and silver. Fake stamps were applied to the jewelry from brands and factories that make products from precious metals. These products were then sold to consumers," police said in a statement.

Police arrested two suspects, aged 27 and 37, whose names were not reported. The two could face up to 12 years in prison if found guilty of trafficking gemstones and precious metals, RIA Novosti reported.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Pilot in Taiwan plane crash shut down wrong engine, black boxes show
Texas police body cam video shows fatal shooting
Law enforcement gives 'all clear' after U.S. Navy Yard lockdown
North Korea seeks help from Iran in battle against drought
Talks with NKorea come with conditions, says White House advisor