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Jeweler Who Shot Teen in Head After Robbery Won’t Be Charged, Attorney General Says

But a wrongful death lawsuit has been filed.

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Florida’s attorney general says no charges will be filed against a jeweler who shot a teenager in the head following a robbery.

Michael Dacey, owner of the Treasure Coast Liquidators store in Jensen Beach, FL, fired at 17-year-old Jakeem McMillan as the youth fled in an automobile, according to an article by Treasure Coast Newspapers. McMillan later died of his injuries.

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Assistant State Attorney David Lustgarten was quoted saying, “Under Florida law, when a forcible felony takes place, there is the authorization under the law for the use of deadly force to be initiated in certain circumstances.”

Florida’s statute on the matter allows for force to be used during the aftermath of a robbery if the entire incident is a “continuous series of acts or events,” Lustgarten. This situation qualified, he said, as it all happened within a matter of seconds.

McMillan allegedly entered the store and tried on some rings. He ran out of the store with $800 of merchandise and got into a Jeep, police say.

As the Jeep drove away, Dacey shot at the vehicle, authorities said. The vehicle then struck a truck.

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It’s alleged that John Clark, 16, was the getaway driver. He was charged on Dec. 28 with several crimes, including third-degree grand theft and grand theft of a motor vehicle.

Authorities originally said that if McMillan died, Clark, as his accomplice, could be charged with murder. Lustgarten now says Clark probably will not face that charge, but he would not elaborate on why, according to Treasure Coast Newspapers.

Jakeem’s family has filed a wrongful death lawsuit against Treasure Coast Liquidators in Martin County Circuit Court.

Read more at the Treasure Coast Newspapers

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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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This 13-Carat Pink Diamond Just Sold for $8.7M+

The sale represents a dollar-per-carat price of $656,933.

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Gem Diamonds Ltd. announced that a 13.33 carat pink diamond recovered at the Letšeng mine in February has been sold for $8.75 million.

The sale represents a dollar-per-carat price of $656,933.

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That’s a record for a Letšeng diamond, according to a press release from Gem. The company owns both the Letšeng diamond mine in Lesotho and the Ghaghoo mine in Botswana.

The diamond sold on tender in Antwerp. Gem did not reveal the identity of the buyer.

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Yahoo Finance reports that Gem mined about 127,000 carats of diamonds last year.

That amounts to under 1 percent of the worldwide total, making the company a relatively small player compared to industry titans such as Alrosa and De Beers.

 

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