Dubai Police foil bid to smuggle rare $25 million pink diamond

In an operation named 'Pink Diamond', Dubai Police successfully recovered an exceptionally rare pink diamond worth $25 million after it was stolen by a 3-member gang and foiled the criminals' attempt to smuggle it out of the country. The thieves were arrested within 8 hours of the crime.

- Gulf Today, Staff Reporter

Dubai Police revealed that Operation Pink Diamond led to the arrest of the gang, who had been plotting for over a year to steal the rare diamond, which is certified by a leading gemological institute and has a unique purity rating, with only a 0.018 chance of finding another like it.

The criminals' scheme involved identifying the diamond's owner (a jeweller) and deceiving him into believing that a wealthy buyer was interested in purchasing it.

To establish credibility, the suspects posed as wealthy individuals by renting luxury cars and arranging meetings at upscale hotels, eventually persuading the merchant to move the diamond out of his secure shop, enabling them to steal it.

Leveraging advanced technologies, Dubai Police CID teams identified the three suspects, all of Asian nationality, tracked their locations, and arrested them — ensuring the diamond was safely recovered before it could be smuggled out of the country in a small refrigerator bound for an Asian destination.