LOS ANGELES — Jewelry and gemstones valued at millions of dollars are missing after a Brink’s armored truck was robbed near Los Angeles, officials said.
According to The Associated Press and KCBS-TV, Brink’s spokeswoman Dana Callahan said the incident occurred early July 11 in north Los Angeles County. The truck, which had been loaded after a jewelry event in San Mateo, was on the way to another exhibit at the Pasadena Convention Center when 25 to 30 bags of merchandise were taken, said Brandy Swanson, International Gem and Jewelry Show event director.
Although Callahan said the stolen items were worth less than $10 million, Swanson said victims have reported at least $100 million in losses, the AP reported. Swanson told the AP that vendors often underinsure their pieces because insuring them at their full value is too costly for the “mom-and-pop operators.”
“We are working with law enforcement, and we will fully reimburse our customers for the value of their assets that were stolen, in accordance with the terms of our contract,” a Brink’s statement read, according to the AP.
A Federal Bureau of Investigation spokeswoman said agents in Los Angeles are working with local law enforcement agencies to investigate the robbery, the AP reported. No further information was immediately available.
– The Associated Press contributed to this report.
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