Buying discipline at trade shows starts with clarity about your inventory levels, Smith writes.
Man Pleads Guilty in $9M Jewelry Scheme Run from Prison
James Sabatino, an inmate at a Florida federal penitentiary, posed as a music and movie executive who needed jewelry and watches for video shoots.
Miami--A man who scammed high-end retailers and brands out of more than $9 million in jewelry and watches from behind bars has pleaded guilty and faces up to 20 more years in prison.
James Sabatino, a 40-year-old native New Yorker described by the Miami Herald as a “serial” con man, was an inmate at the Federal Detention Center in Miami when, in October 2014, he obtained a Samsung cell phone through a prison guard.
Using the contraband phone, he created several email addresses and began contacting “luxury store employees and brand representatives” via telephone calls, emails and text messages, court papers state.
He told them his name was “James Prolima” and that he worked for Sony Music Entertainment and RocNation, the recording company founded by Jay-Z, and convinced them to send watches and jewelry, as well as clothing and handbags, to various locations in south Florida that he purported would be used in music videos that were being filmed in Miami.
Later, using iPhones obtained through another guard at the prison, Sabatino began using the aliases “Paul Castellana,” “Samuel Castro” and “Andrew Kronfeld” and pretending that he worked for Sony Music Entertainment, Sony Pictures International, Creative Artists Agency and Universal Music Group.
He convinced more than six “luxury jewelry companies”--including representatives of jeweler-to-the-stars Lorraine Schwartz--to send jewelry that would be used as props in videos featuring popular musicians and actors.
However, since Sabatino was a prison inmate--not a music or movie executive, as he claimed--the jewelry and watches never got used in any videos. Instead, they were sent to outside conspirators and got sold at pawn shops, court papers state.
Two of the co-conspirators deposited some of the money they got from selling the luxury goods into the commissary accounts of Sabatino and another inmate, Jorge Duquen. Court papers also state that some of the items were delivered to an associate of the Gambino organized crime family of La Cosa Nostra, of which Sabatino is also known to be an associate.
Sabatino pleaded guilty on Sept. 1 in federal court to charges of RICO (Racketeer Influenced and Corrupt Organizations), mail/wire fraud and interstate transportation of stolen property.
The Jewelers Security Alliance included a note about Sabatino in its crime alert circulated Thursday. It states that anyone who believes they might have been a victim of Sabatino’s scheme or has additional information should contact FBI Special Agent Robert A. Giczy at 754-703-2000.
The Latest

The deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.

The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

The “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.


The updated catalog has a newly dedicated section for gift wrapping.

Everett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Fourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.

The new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.

The addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.

Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.

The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.

Former Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.

The $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.

With gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.

Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.

In a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.

In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

This is what the nine recipients plan to do with the funds.

The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

Sponsored by A Diamond Is Forever
























