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Jewelry Heist Makes Off With $3 Million

By Eric Richardson
Published: Tuesday, March 01, 2011, at 05:26PM
Broadway Gold Center Eric Richardson / blogdowntown

This March 2010 photo shows Broadway Gold Center (right), the store robbed last month.

On Saturday, February 19, burglars broke into a building on the 600 block of Broadway before tunneling into an adjacent jewelry store and making off with $3 million in merchandise, mostly gold wedding bands and engagement rings.

While most jewelry businesses take their merchandise to a safe at the end of each working day, police say that the owners of Broadway Gold Center at 601 S. Broadway had stopped doing so to save the three hours it would take them to set up and take in the merchandise daily.

The burglars appeared to know what they were doing. "It appears the suspects may have had knowledge of the building and were able to successfully tunnel in to the specific jewelry store," police said in Tuesday's release. The break-in took place between 7:30 and 9:30pm.

A low-resolution surveillance video released by LAPD on Tuesday shows two men in masks working their way through the store carrying backpacks and flashlights, emptying trays of jewelry into their bags.

Finding leads has proved difficult. "They were completely disguised, so you can't go by that," Central Area Burglary Detective Michael Mazzacano told blogdowntown. "They were gloved, so there aren't really any prints."

Police are hopeful that the video and information about the robbery might produce tips. Anyone with information is asked to contact Mazzacano at 213-972-1231.

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