Monday, July 18, 2022

Armored car robbed while transporting gems and jewelry from a show near San Francisco to one in Los Angeles

LAT:

[A spokesperson] said between 25 and 30 bags were taken, containing an unknown number of individual pieces. She said 18 victims were reporting more than $100 million in losses. [But Brink's] said it was less than $10 million.

“According to the information the customers provided to us before they shipped their items, the total value of the missing items is less than $10 million,” Brink’s said in a statement. 

...

[The spokesperson] said vendors who travel between jewelry shows typically underinsure their merchandise because they can’t afford to insure it fully.

“That’s where the discrepancy comes in. These are mom-and-pop operators”