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The restitution comes in addition to the $55,000 California jeweler Ramil Abalkhad was already ordered to pay.
Proceeds from an armed robbery in Edmonton, Alberta were used to fund Islamic State fighters in Syria, authorities say.
The Jewelers’ Security Alliance also issued a special set of recommendations for jewelers impacted by the power cuts in California.
The JSA’s annual report details the most common crime perpetrated against the industry, the states with the most and least incidences, and more.
Included in the bust were 3,200 fake Cartier bracelets law enforcement officials traced to a North Carolina church pastor.
Police in Glendora are still on the lookout for a second suspect.
The gang allegedly has carried out gunpoint robberies between 11 and 11:30 a.m. at four jewelry stores in southern California.
The Jewelers’ Security Alliance said the group cut power to stores in New Jersey and Connecticut.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.