AGTA President Takes Leave After Robbery

Richard Krementz is taking a three-month leave of absence as president of the American Gem Trade Association—the result of a $1 million robbery of one of his salesmen in Amarillo, Texas. “We are restructuring our business,” Krementz told JCK. “This loss brought other product and distribution issues to the forefront, and we are undergoing a total strategic revision. The plan is not complete yet, so I do not want to discuss it more at present.” The stolen goods are all jewelry, mostly rings, in both platinum and 18k gold. All pieces are stamped RKG1866 and include Brazilian Paraíba tourmaline; unheated blue, yellow, and pink sapphires; many fine tanzanite and emerald pieces; a color fashion line in 18k; and bridal goods with cubic zirconia centers. The robbery took place at 11 p.m. at a Fairfield Inn hotel parking lot on I-40, said Amarillo Police Department Sgt. Randy TenBr

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