The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Swedish Police Believe They’ve Found Stolen Crown Jewels
A security guard reportedly spotted them on top of a garbage can in a Stockholm suburb.
Åkersberga, Sweden—Police in Sweden believe they have recovered the 17th century royal jewels snatched from a cathedral in broad daylight last summer after a security guard reportedly spotted them on top of a garbage can in a Stockholm suburb.
In a translated version of the statement issued Tuesday, Swedish police said: “All indications are that Karl IX’s stolen funeral [jewels] have been found in the Stockholm area, but the police are working intensively to have it confirmed 100 percent.”
The police said the investigation, which has centered on a Stockholm-based gang, is ongoing as they search for additional perpetrators. One man is already on trial in connection with the jewelry theft.
No further information was available as of Thursday morning.
The movie-like heist happened in broad daylight on July 31 at the Strängnäs Cathedral, about an hour west of Stockholm.
About 20 tourists and employees were in the cathedral when the suspects rushed in, smashed the glass display cases and snatched the 17th century crowns and orb before escaping in an open motorboat through the network of lakes that surround Strängnäs.
At the time of the heist, Swedish newspaper Aftonbladet reported that blood found at the scene of the smash-and-grab jewelry theft had been tied to an individual who lives in Åkersberga, the same suburb where the jewels were found.
Valued at 65 million Swedish krona (about $7 million), the stolen crowns and orb were part of the funeral regalia of Karl IX (Charles IX) and Kristina (Christina), who ruled as king and queen consort of Sweden from 1604 until Karl’s death in 1611. (Kristina lived until 1625.)
Crafted in gold and set with what appear to be diamonds and pearls, the items were buried with the monarchs—Karl IX and his family were interred at Strängnäs Cathedral—but later exhumed to be put on display at the popular landmark.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.