How to fence $50 million in stolen diamonds

  @CNNMoney February 21, 2013: 10:30 AM ET
Can diamond thieves sell stolen jewels?
NEW YORK (CNNMoney)

It's one thing to steal $50 million worth of diamonds and make a getaway. How do you sell them without getting busted?

That was one of the questions raised by this week's daring diamond heist at Brussels Airport in Belgium.

Experts say the answer starts with the diamonds themselves. Are they uncut or polished?

Uncut diamonds are tougher to trace. Thieves will often rush to get them cut after they're stolen, changing their characteristics drastically and therefore making them harder to track down.

Polished diamonds, on the other hand, are more likely to be laser inscribed with a name or number on the stone, almost like a license plate, helping authorities readily identify them.

(Related: Notable diamond heists)

And the diamond industry is on high alert.

Thieves who get away with a big haul have one of two options: They can "bury" them -- hiding them for a few months or years before selling them. Or they can "fence" them immediately, selling them to illegal wholesalers they've set up beforehand.

Stolen diamonds are often sold at a fraction of their value to unscrupulous buyers who turn around and sell them at a hefty profit to unknowing retailers.

Related video: Diamonds for investment, love and bling To top of page



Join the Conversation
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.