Ritz-Carlton Guests Robbed Of $425,000 Seconds After Security Guard Vanishes—Was It An Inside Job? [Roundup]

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About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Who travels with nearly half-a-million dollars worth of anything? Still, that’s a decent Ritz-Carlton in STT. Ironically, it’s pretty close, geographically to… Little Saint James. Time for accountability, folks. Start at the top. The very top. Never forget. 249 days to go.

  2. A lot of expensive jewelry to wear at a resort.

    The article about fake parts is spot on. Anyone buying from a relatively unknown source has to do due diligence in making sure the parts are genuine and cannot only rely on the paperwork. I have worked in acceptance testing before and know it can add quite a bit to the cost of an item. Some items did not live up to their specifications.

  3. @jns — Now that diamonds can be made in factories, only precious metals really hold value. Even those who are into numismatics know that it’s basically tied to the cost of gold, silver, platinum, etc., and less so the rareness of that particular coin, year, etc., unless you’re a real freaky fella.

  4. Although diamonds can be made in the factory, they are not the same as the ones found in the ground and aren’t priced anywhere near as much. Maybe in the future the fakes will get so good that De Beers will collapse and not just lose value as they have been doing for a while. I suppose that fake diamonds are a threat to the economies of several countries.

  5. Huh. Insurance ( with a rider for each individual item) can be purchased. To rely on a random guard seems rather suspicious.

  6. Did the couple not insure their valuables back in the US sufficiently to cover theft of the reported stolen valuables? While many people with high-value personal jewelry self-insure, those are often the kind of people who don’t lug around high-value items when going to a hotel for a vacation..

    1990 asks the kind of question I do too: who travels from Michigan to St Thomas with $425k of valuables for vacation. Even sensible billionaires don’t commonly travel with that much in valuables when going to stay at a hotel resort. And if it’s high-value jewelry for a wedding or something, you ought to first think about arrangements that are more secure and insured than the not-so-safe room safes.

  7. About insurance riders for jewelry, a family friend who was a major honcho in the European insurance industry told lower net worth acquaintances that he wouldn’t’ seek to insure most personal jewelry, when asked about personal insurance costs for jewelry. We were talking about items in the $10k to $200k range for people who were making at least $200k+ per year in their mid- 20s or early 30s.

  8. @1990 – Let me know when we can get manufactured diamond windshields. My windshield took a debris hit the other day while driving to the airport. Again.

  9. Factory-manufactured diamonds can be identified as distinct from natural diamonds, and the former have a much lower market value than the natural ones even as otherwise the traditional quality distinctions under GIA grading would otherwise make the factory-manufactured ones are quite good and a non-professional/non-trained individual wouldn’t know the difference if not told.

  10. @GUWonder — Technically, St. Thomas is the US… it’s one of our territories, US Virgin Islands…

    @Denver Refugee — Glad you’re alright! Colorado remains one of the states where I’ve repeatedly had issues with windshields. Brutal. Have you guys finally gotten some real snow yet?

  11. As 1990 properly noted, St Thomas is part of the US territory, but it is not a state. And give the sort of US territory St Thomas is, people leaving St Thomas for the US (states) are subject to US CBP customs when leaving STT to the US50 and some other places under US jurisdiction.

  12. Gary you’re off by a factor of ten. He sold 5,627 parts for which he forged more than 60,000 certificates.

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