1.5 Million Dollars In Diamonds Stolen From Newport Man

The bad news for Peter Kaplan is even worse than first reported.

The Newport North Carolina diamond broker, whose $1.5 million inventory was stolen in Albuquerque earlier this week, didn't have insurance.

Kaplan says he has no capital to restart his business, adding that the three minutes he and his wife stopped to use a restroom has destroyed his life.

Kaplan left a Samsonite suitcase containing more than 70 rings and 150 loose jewels in the back of his rental car during the brief stop Wednesday.

When the couple walked back to the car, they found someone had punched a hole in the rear passenger window and stolen the suitcase.

Adding to the mystery is a video surveillance camera that blacked out 10 minutes before the theft.


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  • by Robert Location: Hubert on Sep 8, 2009 at 06:54 AM
    Something fishy about this one. He's a scam artist and he'll probably be going to jail as soon as the investigation is complete. On the remote chance that it really did happen as he says I don't have any sympathy for him at all.
  • by Wow? on Sep 7, 2009 at 10:38 AM
    Maybe it is a way to declare bankrupcy and still hold onto those jewels until later down the road??? Also did everything belong to him? Did he have deposits from customers on any of the rings stolen? Were any of the rings samples from manufacturers?
  • by Chuck on Sep 7, 2009 at 05:46 AM
    Need to check into the car insurance are they paying off for the robbery. They only said they did not have the diamonds insured.
  • by Dumb Location: Eastern NC on Sep 7, 2009 at 05:13 AM
    How dumb can you be? Or possibly how smart. Does seem pretty shady. If he wasn't involved in this theft himself, someone should upload this onto the FAIL website. REST STOP---FAIL
  • by Chris Location: Greenville on Sep 6, 2009 at 08:57 PM
    Sounds like he was not very bright. I can't imagine that you would leave your entire business capital/supplies uninsured, unattended aand in plain sight. If he ever gets back into business I hope he learns the value of insurance.
  • by MrT Location: LaNC on Sep 6, 2009 at 07:15 PM
    Sounds kinda suspicious to me. Why on earth would this moron leave 1.5 million dollars worth of anything in the car in plain sight and walk away?
  • by Anonymous on Sep 6, 2009 at 07:07 PM
    Im going to put this where everyone can see it and it is holding oh only a million and a half. no biggy. Im glad one person see some things not right!!
  • by Wolfgang Location: Chocowinity,NC on Sep 6, 2009 at 06:15 PM
    That was a very, very ,expensive " P "
  • by Jacobi Location: Greenville on Sep 6, 2009 at 04:40 PM
    This is very sad for this couple. But why in the world would it not be locked in the trunk out of sight! With break-ins the way they are I never leave anything in my car insisight. I sure hope the wife was not the one that had to use the restroom!
  • by Verne Location: New Berne on Sep 6, 2009 at 04:03 PM
    Something smells fishy here... sorry, those are pearls. I think there will be a lot more bad news about this event, not neccesarily in the jeweler's favor... crime doesn't pay!
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