Gothamist

A non-profit newsroom, powered by WNYC.

Gothamist

WNYC Listen Live

Donate

 

 

News

Brazen Diamond District Robbery Could Be A "Scare Job"


By

Rebecca Fishbein

Published Nov 13, 2014

Modified Nov 13, 2014


Share

FacebookTwitterRedditEmail


Never miss a story

 Email address

By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .

NYPD


By

Rebecca Fishbein

Published Nov 13, 2014

Modified Nov 13, 2014


Share

FacebookTwitterRedditEmail


We rely on your support to make local news available to all

Make your contribution now and help Gothamist thrive in 2026. Donate today

Gothamist is funded by sponsors and member donations

Investigators are still looking for the two men suspected of stealing hundreds of thousands of dollars worth of watches from a store in the Diamond District earlier this week, in a heist so spectacular you can't help but think they may actually deserve the loot. We don't often get a good heist! Now, though, the NYPD's floating around a few ideas as to how these two men managed to pull off the burglary, with prevailing theories including that the thugs were sent to the shop by a rival jeweler, and that it may have been an inside job.

According to the Post, a Russian jeweler rival of the robbed Watch Standard Jewelry store at 23 West 47th Street has admitted to sending the two suspects over to intimidate the competition, though not to steal the goods. "They wanted to show they had muscle," a law enforcement source told the tabloid. "They have a beef over money and jewelry, and the Russian [whom the victim and his partners] are beefing with sends these two guys over there to scare them."

Then again, cops were reportedly turned onto this rival heist theory by Watch Standard Jewelry owner Danny Mikhaylov, who apparently has a lengthy arrest record and history of claiming to be a victim of heists. Police aren't ruling out that this was an inside job, noting that the heist occurred in daylight in a heavily secured area, and that the watch store was located on the eighth floor of the building. "The store was not on the ground floor, so there has to be some reason why they went there,” one police source told the Daily News. “Someone knew the fact they had stuff there.” CBS 2 reports that one shop employee even had a criminal record, and was suffering from financial woes.

Meanwhile, cops say that Mikhaylov's initial estimate that the thieves took $2 million worth of jewelry and watches was incorrect—in reality, the burglars made off with $500,000 in watches and about $6K in cash. And authorities have unearthed surveillance footage showing the suspects both before and after allegedly committing the crime—one suspect is in a suit, wearing a Kangol cap, while the other is wearing a red baseball cap:

Tagged

diamond district

nypd

robbery

thieves


Rebecca Fishbein

Read more

Gothamist is funded by sponsors and member donations


Gothamist is funded by sponsors and member donations


MORE news

Staten Island fire injures two, but spares historic 'Godfather' church

Dozens of firefighters responded to the blaze, which started in a vacant warehouse. It was contained within three hours.

By

Giulia Heyward

Published Oct 18, 2026 at 10:34 a.m. ET


Bail reform remains major issue in NY governor's race, 7 years after it became law

Repeat offenders are a big talking point in the governor's race.

By

Gino Fanelli

News

Bail reform remains major issue in NY governor's race, 7 years after it became law

Repeat offenders are a big talking point in the governor's race.

By

Gino Fanelli


NYPD searching for 'person of interest' in fatal Midtown subway platform shooting

By

Ryan Kost

and

Elizabeth Kim

Have you seen this Yorkie? NYPD looking for adorable pup dognapped from her Queens home

By

Ryan Kost

Being reigning champions is weird for Knicks fans, but we could get used to this.

By

Catalina Gonella


Never miss a story

Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.

Sign upEmail address

By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .