Pursuits

How a Tiffany's Employee Stole $1.3 Million in Jewelry

How an executive almost got away with more than a million in precious gems
A model shows off a diamond ring and bracelet as she stands outside the entrance to the Wall Street store of Tiffany & Co.Photograph by Timothy A. Clary/AFP via Getty Images

An executive at Tiffany & Co. allegedly stole $1.3 million worth of jewelry from the company. How did she do it?

Very slowly, it seems. Ingrid Lederhaas-Okun, 46, worked as the vice president of product development at the jeweler’s Midtown Manhattan headquarters from January 2011 to February of this year, when her position was terminated due to downsizing. The F.B.I. claims that between November 2012 and her dismissal, 165 pieces of jewelry went poof, including “diamond bracelets, platinum, or gold diamond drop and hoop earrings, platinum diamond rings, and platinum and diamond pendants.” Lederhaas-Okun, authorities say, would check out the jewelry for professional reasons—marketing purposes, showing potential buyers, and so forth—and then not return them.