Headlines

Woman Who Swapped $5.7M in Diamonds for Pebbles Is Headed to Prison

A woman who was accused of swindling a London jeweler by swapping $5.7 million in diamonds for pebbles has been sentenced to five-and-a-half years in prison.

Lulu Lakatos, 60, was convicted of stealing the gems from the Boodles jewelry store in the Mayfair district. In the March 2016 crime, she pretended to be valuing seven diamonds on behalf of a group of Russian buyers, The Associated Press reports. The store later found that she had surreptitiously replaced the diamonds with pebbles.

Lakatos and her co-conspirators fled to France after the swap.

Two men involved in the scheme have pleaded guilty to conspiracy to steal. They received prison sentences of three years, eight months.

Lakatos’s trial and sentencing were held at Southwark Crown Court in London.

Read more at The Associated Press

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

Recent Posts

Consumer Confidence Sputters Again in April

Concerns centered on food and gas prices.

4 hours ago

COUTURE Announces the Debut of the Luminaries by COUTURE

Six talented BIPOC designers to showcase diverse work to the COUTURE community.

4 hours ago

Only Half of Surveyed INSTORE Readers Still Use Direct Mail

But some say they’re considering using it again.

6 hours ago

Jeweler Recycles Clients’ Gold and Forges Relationships

It’s a service that keeps them coming back.

6 hours ago

Platinum Masterpieces Created by 11 Yellow Gold Designers for 3rd Annual Platinum Spotlight Program

Four designers new to the program, along with seven ‘alumni’, are pushing the boundaries of…

1 day ago

Oklahoma Jeweler Glenn Lewis Dies at 68

He served as the mayor of Moore for 30 years.

1 day ago

This website uses cookies.