AGTA Pres. Robbed of Jewelry Worth Millions
Diamonds.net, NY
The American Gem Trade Association (AGTA) revealed details of the million dollar robbery which resulted in the sudden three month leave of absence of AGTA president, Richard Krementz, beginning July 17.
Richard Krementz, of Richard Krementz Gemstone, was robbed of over one million dollars worth of fine jewelry on June 26 in Amarillo, Texas.
In a statement issued on July 28 by the AGTA, Krementz said he expects to return to his position as president of the AGTA in October, following a reorganization of Richard Kremetz Gemstone, established in 1866. “This robbery does not impact our financial strength,†said Krementz. “It did however cause us to strategically review our business and address some of our challenges long-term.â€
Krementz added that the company will be dropping its bridal business by the end of 2006, in order to focus on color, which is the core of the company’s business Read more about AGTA Pres. Robbed of Jewelry Worth Millions …