$1 million of gems stolen at Hong Kong trade fair

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Thieves steal diamond worth $450,000 and replace it with a fake.

A number of gems, worth a total of $1 million, were stolen on the opening day of the Hong Kong Jewellery & Gem Fair, as reported by the Independent Online.

Two men have been arrested by police in connection with the incident, during which a seven carat diamond – worth an estimated $450,000 – was replaced with a fake.

An emerald necklace, worth over $500,000, was stolen the same day from another booth and in two separate incidents, thieves grabbed pearls worth $25,000.

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With over 120,000 square metres of exhibition space, featuring over 3,200 exhibitors and 40,000 buyers, the Hong Kong Jewellery and Gem Fair is the largest show of its kind in Asia. It will be running until September 20 at two venues, the AsiaWorld-Expo and the Hong Kong Convention & Exhibition Centre.

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