Luxury watch theft leads police to R8m gem stash in Cape Town pawn shops

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An investigation into the theft of a luxury watch from a house in Hout Bay led Western Cape police to precious gems and stolen watches in pawn shops in Cape Town's city centre.

SAPS

Members of the Maitland flying squad arrested a 45-year-old foreign national for possession of stolen property after they found watches and gems — including uncut diamonds — worth an estimated R8m at two second-hand gold dealers. The owner contacted a forensic investigation firm and asked them to look into the matter, and on Monday private detectives and police visited the Long Street shop.

By then the owner of the watch had realised that not only the watch, but also jewellery that had been stolen from their house over a period of time allegedly by an employee, was in the shop.

 

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We had a home invasion in Hout Bay in 2016 and I lost some very sentimental jewellery - is there any chance it could've landed up here? The pieces are very unusual and unique?

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