Friday, February 21, 2014

Australia: British Tourist, 29, Arrested for Theft of Pink Diamond Worth $225,000 in Queensland

According to, British tourist Matthew Osborne, 29, has been arrested in Queensland, for stealing of a rare pink diamond worth US$225,000 from the Diamond Gallery in Cairns.

Police said the suspect was seen riding away on a dark-colored mountain bike following the alleged incident at about 1100 hours on Friday. 
The diamond was still inside its container when it was taken. 
The store specializes in rare pink polished diamonds, some of which can sell for upwards of £1million pounds or US$1,214,340 million.
Of every million carats of rough diamonds mined, only one carat is suitable for sale.
Rare pink diamonds are on average valued 20 times the price of an equivalent white diamond.
The stolen diamond was said to be 0.31 carats.
COMMENT: The British suspect was arrested at Melbourne Airport today while attempting to board a flight to New Zealand.
Police said the man had a British passport and an Australian tourist visa.
Osborne is due to appear at Melbourne Magistrates' Court tomorrow charged with theft.
It is expected that authorities in Cairns will ask that Osborne be extradited.

Fortunately, Osborne was arrested in Melbourne as he was preparing to board a flight for Auckland. 

Sadly, the insured pink diamond is missing and Osborne is seemingly not talking.