The FBI is conducting an investigation after millions of dollars worth of jewelry was stolen from a Brinks armored security truck on July 11 in California.
The armored truck was on its way from San Francisco to Pasadena when it was robbed and left abandoned near the mountain community of Frazier Park. Approximately 25-30 bags were stolen.
Details about how the crime unfolded are unknown, as are the whereabouts of the Brinks employees that were on board that day.
Brinks has estimated the value of the stolen items to be around $10 million; however, the exhibitors claim the value is actually $100 to $150 million.
The discrepancy is a normal occurrence, according to Arnold Duke, the president of the International Gem and Jewelry Show.
He explained: “They under-insure. Because the extra insurance is very, very expensive. And because everybody trusts Brink’s a million percent. And they’ve never lost anything of ours. After all these years, people are just very, very comfortable.”
Eighteen victims reported sizable losses. Some lost their entire life savings in the heist.
Duke said the stolen items include diamonds, gold jewelry, and high-end watches. Some of the merchandise may be recoverable as it has engraved serial numbers.
Brinks issued a statement, reading in part:
“According to the information the customers provided to us before they shipped their items, the total value of the missing items is less than $10 million. We are working with law enforcement, and we will fully reimburse our customers for the value of their assets that were stolen, in accordance with the terms of our contract.”