Members of the Maitland flying squad arrested a 45-year-old foreign national for possession of stolen property after they found watches and gems — including uncut diamonds — worth an estimated R8m at two second-hand gold dealers.
SAPS
A source with information about the operation said the owner of an International Watch Company watch received information that the timepiece was being sold from a Long Street hair salon doubling as a jewellery dealer.SAPS The source said the owner of the shop had a police-issued jewellery recycling permit and a second-hand dealer permit and he gave the police permission to search his shop.
When the police searched the premises, they found the allegedly stolen IWC timepiece among 51 other high-value watches.The police also found cut and uncut diamonds for which the shop owner was allegedly unable to produce any records or entries in his official register.
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