De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Jewelry Store Robbery Tied to ISIS Funding
Proceeds from an armed robbery in Edmonton, Alberta were used to fund Islamic State fighters in Syria, authorities say.
San Diego—Canadian national Abdullahi Ahmed Abdullahi was recently extradited to the United States, accused of robbing a jewelry store in Edmonton, Alberta to fund Islamic State fighters in Syria.
According to the U.S. Attorney’s Office in San Diego, Abdullahi and two accomplices robbed a jewelry store—identified in local media as VJ Jewellery—in January 2014 and used the money to finance the travel of Douglas McCain, the first known American who died fighting for the Islamic State, and others to Syria.
Approximately $3,100 was wired to Douglas, who traveled with a second person to Turkey and, later, to Syria where the two engaged in terrorist activities, authorities said.
Abdullahi sent an email to his co-conspirator a month after the robbery, explaining that he was having trouble pawning the jewelry, which caused a delay in sending the money, according to court documents.
This is the first case the Jewelers’ Security Alliance is aware of that involves proceeds from the robbery of a jewelry store in North America being used to fund terrorism, JSA President John J. Kennedy said in an email to National Jeweler Monday, although there have been cases in the Middle East and elsewhere in the world.
“The FBI and other law enforcement agencies have been aware for many years, at least since 9/11, that criminal acts to supply money for terrorist goals was possible,” he wrote.
The indictment alleges Abdullahi, a former San Diego resident, facilitated the travel of at least three Canadian nationals and two U.S. citizens—including McCain—to Syria to join and fight for ISIS, all of whom were reportedly killed.
Abdullahi, among others, also wired money to third-party intermediaries in Gaziantep, Turkey, located about 40 miles from the Syrian border, to support ISIS fighters believed to have engaged in terrorist activity, including the killing, kidnapping and maiming of persons, as per the U.S. Attorney’s Office.
“Terrorist networks like ISIS cannot exist without supporters,” U.S. Attorney Robert Brewer said in the press release announcing Abdullahi’s extradition.
“Protecting Americans from terrorists is our highest priority, and we will work hard to bring justice to those who provide material support to foreign terror organizations.”
In March 2017, a federal grand jury in the Southern District of California charged Abdullahi with conspiring to provide, and providing, material support to terrorists.
He was arrested by Canadian authorities in September 2017, following an extradition request from the U.S., and was held in Canadian custody without bail before
The two charges each have a maximum penalty of 15 years imprisonment and a $250,000 fine.
The Latest
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.