Supplier Spotlight Sponsored by GIA
Jewelry Shop Bookkeeper Gets 9-Month Sentence for Embezzling
Shao Cai pleaded guilty to stealing more than $100,000 from San Francisco’s Jest Jewels.
San Francisco—A bookkeeper who pleaded guilty to embezzling more than $100,000 from the jewelry store that employed him was handed a nine-month sentence last week.
According to the San Francisco District Attorney’s Office, 60-year-old Shao Cai worked as the bookkeeper for jewelry and gift store Jest Jewels, which has three locations in San Francisco and one in Berkeley, from 2002 to 2017.
Officials said he used “various schemes” to hide his conduct.
Cai was arrested on felony charges in November and admitted Thursday to writing fraudulent checks and depositing them into his own personal bank account between 2012 and 2016.
He pleaded guilty to two counts of felony grand theft “with a white-collar crime enhancement,” which refers to a suspect committing multiple related felonies involving fraud or the embezzlement of more than $100,000.
Cai was sentenced to six months in county jail and three months in the Sheriff’s Work Alternative Program. He will be on probation for three years after he completes his sentence.
He also is required to pay $111,631.66 in restitution to his victims within a three-month period. If Cai fails to pay he will have to serve an additional two years and four months in state prison.
The Latest
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.