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You are here: Home / News / $28,000 Ring Gone! Woman Swaps Expensive Diamond Jewelry for a Cheap One at Costco, Then Buries It - Clerk Clueless of What Happened

$28,000 Ring Gone! Woman Swaps Expensive Diamond Jewelry for a Cheap One at Costco, Then Buries It - Clerk Clueless of What Happened

Last Modified: October 28, 2023 by Sylvia Silverstone | This post may contain affiliate links for products we love and suggest. The views expressed in the article are solely the author's opinions.

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We often think of thieves as subtle, but this one New Jersey woman blows any idea of stealth we had way out of the park. Somehow being able to switch a valuable ring with a less valuable one without anyone suspecting a thing.

49-year-old Izaebela Kolano was recently arrested and charged with theft after she managed to swap out a $2,000 ring for a $28,000 ring at Costco. Both of which she stole from the franchise in different areas.

Reportedly, she went to the jewelry department in a Clifton, New Jersey Costco, and requested to see the stunning $28,000 diamond ring she saw inside of the case. 

The clerk, thinking nothing of it, gave her the ring to which she held it up in her hand, tried it on, and then handed it back to the employee before walking off and leaving the store.

But apparently, she did more than that.

Management in the jewelry department determined the ring that was returned after the woman viewed it, was not the ring they initially handed her.

They eventually discovered that the ring they had was not the $28,000 ring, but a $2,000 ring stolen from another Costco in Wayne, N.J., 9 miles away.

They immediately contacted authorities to report the stolen ring, and they were able to track the woman down back to her home in Nutley, N.J.

She was arrested immediately and taken into custody for theft charges. However, when they tried to get the stolen ring from her, she claimed she could not find it. 

But after further questioning, she said that the ring was hidden under a rock on a dead-end street in Wallington, N.J. 5 miles away from her home in Nutley.

Officials, however, eventually found the ring buried under a fence next to the Passaic River, which was a whopping 18 miles away from her home.

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