Credit Crunch Could Lead To Diamond Thefts

Published on 27/10/08

The credit crunch may be responsible for an upturn in thefts involving items such as gold diamond rings, it has been claimed.

According to the Samara James blog, there has been a "spate of diamond robberies" recently, adding the value of gems and the current economic climate could be contributing to these incidents.

The blog states: "Let's face it - diamonds are worth so much now that it would be a great temptation to anyone who needs money in a hurry."

An example given by the news source is a Californian woman who had a bag containing diamond necklaces, rings and earrings stolen.

The crime victim is now offering a reward for the safe return of her six-carat diamond engagement ring, which was among the items taken.

Last week, it was reported by the Newcastle Chronicle that a £6,000 diamond band was stolen from the finacee of Premier League footballer Andy Carroll.