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According to authorities, thieves in Southern California took jewelry and gemstones worth millions of dollars from an armored car last week.
The value of the stolen rarities is estimated to be more than $100 million, according to Brandy Swanson, a director at the International Gem and Jewelry Show in San Mateo, south of San Francisco.
Brink's security spokesperson Dana Callahan stated that the goods were stolen while being transported to Los Angeles in one of their vehicles after the concert on July 10.
Swanson claimed that the vehicle had between 25 and 30 bags stolen from it, and that 18 individuals had suffered large losses as a result of the crime.
However, Callahan contested the calculated amount.
“According to the information the customers provided to us before they shipped their items, the total value of the missing items is less than $10 million,” Brink’s said in a statement. “We are working with law enforcement, and we will fully reimburse our customers for the value of their assets that were stolen, in accordance with the terms of our contract.”
Swanson said the “mom-and-pop operators” typically underinsure their jewelry because they cannot afford the costs and fees associated with insuring it fully.
“That’s where the discrepancy comes in. These are mom-and-pop operators,” Swanson said. “They’re devastated. Some of these people have lost their entire livelihoods.”
Laura Eimiller, an FBI spokeswoman in Los Angeles, said the robbery took place in the desert city of Lancaster, as the truck was heading from San Mateo to an event at the Pasadena Convention Center.
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