28 Jun 2022
DiamondWorld Directory
Home |
Two wholesalers arrested for staging a $4 million jewellery heist
The robbery was staged in daylight New Years Eve
By: Diamond World News Service
Feb 25 2010 7:03PM
Reference: 4696  


Two diamond wholesalers, Atul Shah, (48), and Mahaveer Kankariya (43), from the New York Diamond District have been arrested for staging a jewellery robbery worth $4 million in 2008, at their Midtown store, reports the Antwerp Facets News Service. The robbery was staged on New Years Eve with the help of two purported thieves disguised as Hasidic Jews. Charges on both wholesalers include grand larceny, insurance fraud and falsifying business records related to the staged robbery, reports say.

As per the law enforcement sources, video surveillance footage revealed the owners stealing the jewellery before the supposed heist, reports add. While one man has been arrested by the police and is being questioned, his accomplice is on the loose. The staged robbery took place in daylight when the robbers dressed in black coats, hats and beards, showed fake IDs cards to the lobby security at 2 West 46th Street and went up to the fifth floor to Dialite Imports, reports say. Upon entering the store, they held up Shah and another employee at gunpoint, asking Shah to empty the safe of diamonds and jewellery, reports say. They tied up the two men with duct tape before escaping, reports inform.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31023
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8087
GJEPC Chairman Interview
Views: 27241
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37783
Promo for IJ Awards 2012 at NDTV Profit
Views: 51766
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65415
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21151
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49598
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50983
Member of:
Supporter of: