São Paulo jeweler allegedly made luxury items from stolen rings

A São Paulo jewelry store, Dimi Joias, known for luxury items and partnerships with funk artists, is under police investigation for allegedly creating high-end jewelry from stolen wedding rings. Police allege the stolen rings were acquired through street robberies, then passed to a gold trader who sold them to multiple jewelers, including Dimi Joias. The store reportedly handled over 90 million reais in four years, with gold lacking proper documentation. The investigation follows a 68% increase in ring thefts in São Paulo during the first quarter of 2025. Dimi Joias' owner's defense claims the investigation is preliminary and that the truth will be revealed.