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Jeweler Finds Something Mysterious — and Cute — Outside His Door

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He seems fond of this surprise.

Bobby Coats of Coats Jewelers in Cleveland, TX, found quite a surprise outside his front door one recent morning.

About 150 rubber ducks had been placed along the sidewalk, each one with a unique detail such as a firefighter’s helmet, Chron.com reports.

It’s not yet clear who placed the ducks. But it was apparently done as an act of civic pride, because alongside the ducks was a sign reading “Cleveland has its ducks in a row.”

About a week earlier someone had placed a similar set of ducks outside Cleveland Hometown Sears.

Coats doesn’t seem to mind having a collection of ducks around. So far he’s chosen to leave them in place. 

Read more at Chron.com

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5 Arrested in $10M Jewelry Heist

A mother and son were among those taken into custody.

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Five people have been charged in connection with an Atlanta burglary in which thieves made off with jewelry worth as much as $10 million, the Atlanta Journal-Constitution reports.

Burglars may have made off with the jewelry from Icebox Diamonds & Watches in Atlanta in February after tying up the store manager and his wife in their home, authorities say.

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Police took four people into custody: Jose Hernandez Pearson, Gregory Andrews, Tameka Lashon Croskey and Meisha Sims. A fifth person, Crysell Croskey, was already in jail on unrelated charges. Authorities said Tameka Croskey and Crysell Croskey are mother and son.

The suspects face a variety of felony counts, including burglary, theft, weapons and narcotics charges, the Journal-Constitution reports. Racketeering charges are also anticipated.

Before the burglary, two gunmen wearing ski masks entered the home and demanded codes to the store safes, according to earlier reports.

The couple were not injured, although the gunmen threatened to kill them, the Atlanta Journal-Constitution has reported. But media reports say they were bound with zip ties and duct tape.

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Two men broke into the Buckhead store at about 11:30 p.m. and spent about two hours there, police said. They emptied two safes, taking jewelry and watches.

Cash and jewelry were also reportedly stolen from the jeweler’s home.

Read more at the Atlanta Journal-Constitution

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Jewelry Insurance Startup Firm Raises $2M

The founder is a third-generation jeweler.

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BriteCo, a jewelry-insurance startup company, announced a $2 million seed round.

The round’s investors include Brian Spaly, the founder of Trunk Club; and Jeff Taylor, the former chairman and CEO at Cole Taylor Bank.

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The firm provides verified appraisals and immediate replacement coverage by HDI global, an A-rated insurance carrier, according to a press release.

“As a third-generation jeweler, my family and I have a long history delighting customers and helping them celebrate moments of joy in their lives,” said Dustin Lemick, BriteCo founder and CEO.

“But the jewelry buyer is changing rapidly. Millennials now represent the largest jewelry buying demographic, and their expectations are different from those of prior generations. BriteCo helps jewelers by providing them with the optimal blend of online convenience and personal attention.”

Lemick and his family have owned and operated retail jewelry locations in the Chicagoland area for over 60 years.

BriteCo explains that its coverage has no deductible, automatically updates protection each year using advanced price analytics and predictive models, and offers a streamlined claims experience. It also “offers an easy to use, cloud-based Appraisal Management System (AMS) that is faster and more accurate than the jewelry industry’s traditional manual processes,” according to the release.

“What Dustin and his team have accomplished in such a short period of time is amazing,” said Jeff Taylor, one of the company’s investors. “Getting BriteCo licensed in virtually every state before officially launching is a testament to their hard work and the professionalism with which they’re approaching this big challenge.

“I’m excited to be a part of their push to modernize the jewelry insurance and appraisal process and to help millions of people across the US protect their most valuable possessions.”

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Fugitive Jeweler Arrested in $2B Fraud Case

India is seeking to extradite him.

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Nirav Modi, the billionaire jeweler who’s suspected in a $2 billion fraud case in India, has been arrested in London, The Telegraph reports.

He was arrested on behalf of Indian authorities, and he appeared Westminster Magistrates’ Court to fight extradition to India, according to the newspaper.

In court, he “spoke only to confirm his details and to refuse to submit to extradition” related to embezzlement allegations, The Telegraph reports.

He’s due in court again on March 29.

Modi had been staying in a high-dollar apartment in London’s West End, according to the newspaper.

Last year, The New York Times described Modi as being “on the run” and noted that figuring out his location had become something of a “national pastime” in India.

He remained at-large despite Interpol’s issuance of a reed notice for his arrest in July, according to The Telegraph.

Modi is at the center of a fraud case involving Punjab National Bank, where employees are “suspected to have steered fraudulent loans” to Modi’s businesses, Reuters has reported.

Modi has apparently been involved in a new new diamond business in the UK, according to The Telegraph.

Read more at The Telegraph

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