Sunday, June 14, 2026
ADVT 
National

Gold, Diamonds Worth Less Than Intact Bejewelled $5-million Eagle: Experts

The Canadian Press, 01 Jun, 2016 10:01 AM
    VANCOUVER — If thieves are hoping to dismantle a stolen jewel-encrusted eagle and sell the gold and gems for cash, they should think again, say jewellery experts.
     
    Police have said the solid gold sculpture, known as the Maltese Eagle, was taken from its owner in a violent robbery on a street in suburban Vancouver on Sunday night.
     
    The eagle stands about 30 cm tall and weighs more than eight kilograms. Its head is adorned with 763 diamonds and it sits on 12.72-carat emerald.
     
    Owner Ron Shore has said the piece that was taken from him in the community of Ladner, B.C., is worth about $5 million.
     
    "It's going to be really hard to sell this because the industry knows about this, they're not going to want to touch it, even if it's in pieces. Unless they're really shady," said Suman Bakshi, who owns a jewelry store.
     
    People in the industry talk and dealers will be on the lookout for suspicious sellers, she said.
     
    Even people who haven't heard about the robbery would think twice if they were approached to take apart such artwork, Bakshi added.
     
    "If someone brought this to me and I didn't know, my alarm bells would go off. I'd be like, 'Why would you want to sell this? Look at this masterpiece!'"
     
    Dismantling the work likely wouldn't be a better option, said David Ritter, president of the Canadian Jewellers Association.
     
    Unsetting the jewels would be difficult, and a novice would likely end up breaking some of the gems, he said.
     
    If someone managed to get the stones out, reselling them to jewellers on high alert would be challenging, Ritter said, adding police would be called, and groups such as the Canadian Jewellers Association or Jewellers Vigilance Canada would likely be informed.
     
    Breaking down the piece and selling off the gems and gold would likely net less than hawking the eagle, he said.
     
    "The design of it is much superior to if you started to take it apart and melt the gold down and get the diamonds. It's just not worth the same."
     
    Bakshi said the eagle will likely end up in a private collection when someone offers the right price.
     
    "Whoever has this is going to have a really hard time selling it because it's such a unique piece."
     
    Police have said they are interviewing witnesses and working on a description of the suspect or suspects.

    MORE National ARTICLES

    Turbulent Battle As Golden, B.C., Fights To Save Local River Rafting Industry

    Turbulent Battle As Golden, B.C., Fights To Save Local River Rafting Industry
    Tourism officials in the southeastern B.C., town of Golden say letters of support are flooding in as they fight for access to the Kicking Horse River.

    Turbulent Battle As Golden, B.C., Fights To Save Local River Rafting Industry

    Vancouver And Toronto Markets Charge Ahead Despite Mortgage Rule Changes

    Vancouver And Toronto Markets Charge Ahead Despite Mortgage Rule Changes
    Moves by Ottawa to tighten mortgage lending rules did little to cool the country's two hottest real estate markets as home sales in Toronto and Vancouver continued to charge ahead last month.

    Vancouver And Toronto Markets Charge Ahead Despite Mortgage Rule Changes

    Canadian Bank Fined $1.1 Million For Failing To Report Suspicious Dealing

    Canadian Bank Fined $1.1 Million For Failing To Report Suspicious Dealing
    It is the first time the Ottawa-based Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac, has penalized a bank.

    Canadian Bank Fined $1.1 Million For Failing To Report Suspicious Dealing

    BMO CEO Defends Canadian Banking Sector's Anti-money Laundering Practices

    BMO CEO Defends Canadian Banking Sector's Anti-money Laundering Practices
    Bill Downe says Canadian banks have "dramatically" beefed up their anti-money laundering controls over the last seven to 10 years at the request of various governments around the world.

    BMO CEO Defends Canadian Banking Sector's Anti-money Laundering Practices

    Ontario Kids With Autism Aged 5 And Older Cut Off Of Government-Paid Therapy

    Ontario Kids With Autism Aged 5 And Older Cut Off Of Government-Paid Therapy
    The Liberal government has announced a new Ontario Autism Program with $333 million in funding, but changes include limiting Intensive Behavioural Intervention to children between two and four.

    Ontario Kids With Autism Aged 5 And Older Cut Off Of Government-Paid Therapy

    Manitoba Election: Tory Ad Warning Of Tax Hike Goes Under The Microscope

    Manitoba Election: Tory Ad Warning Of Tax Hike Goes Under The Microscope
    In the lead-up to the April 19 Manitoba election, The Canadian Press is running a series of stories called Ad-Curracy, in which we look at the facts behind claims made in political advertisements.

    Manitoba Election: Tory Ad Warning Of Tax Hike Goes Under The Microscope