Jewelry Theft at Basel Fair

Jewelry worth about $825,000 was stolen at Baselworld on Tuesday just ahead of the fair opening, according to the Associated Press and the Basel prosecutor's office in Switzerland.

The jewelry was reportedly snatched as it was being brought to an exhibitor’s booth.

Since the Basel fair opened April 12, a number of reports about missing goods have surfaced.

At least one shipment of loose diamonds from Hong Kong destined for the show has apparently not arrived. Another shipment may have been delivered to the wrong destination.

The value of the missing diamonds is estimated by security people at well over a million dollars.