Man steals $93,000 ring from Stanford jeweler

Ring stolen from Shreve and Company at Stanford Shopping Center Thursday afternoon

By Sarah Traubem

Embarcadero Media

A man who claimed he was shopping for an engagement ring at Shreve and Company at Stanford Shopping Center Thursday afternoon stole a ring valued at $93,000 and ran off, police said.

The man asked to see several rings when he entered the jewelry store Thursday. When a sales associate handed him a platinum ring with a 3.7-carat center diamond and several side stones he turned and ran out of the store, Palo Alto police Agent Rich Bullerjahn said.

"No weapon was seen, no threats were made, it was simply a ruse to look at the ring and take it," Bullerjahn said.

"It sounds like it was a grab and go."

Chased by the store manager, the man fled into a waiting van, described as a late-model gray Dodge Caravan. The vehicle, with an unidentified driver, then sped off. While employees provided a license plate number, police determined that the van was stolen from its owner in Foster City.

Employees described the suspect as a Hispanic male in his mid 20s, between 6 feet and 6 feet 2 inches tall, weighing 180 to 200 pounds with black hair and brown eyes, and well dressed, they said.

Investigators are currently processing the store's security footage in order to find leads.

"We'll try and get a picture of him so we can coordinate with other departments to identify him," Bullerjahn said. "Number one, we want to locate him and, number two, hopefully track down the ring."

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