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Haroutioun Arakelian allegedly misappropriated diamonds valued at $170,000 in 2002, before fleeing to New Zealand. Credit: Nine
Haroutioun Arakelian allegedly misappropriated diamonds valued at $170,000 in 2002, before fleeing to New Zealand. Credit: Nine

Sydney diamond dealer faces court over missing stones

Former diamond dealer Haroutioun ‘Harry’ Arakelian has appeared in a Sydney court charged with 21 counts of larceny, relating to $170,000 in missing diamonds.

Warrants for Arakelian’s arrest had been active since 2002; it’s alleged he fled to New Zealand after police began an investigation into his business.

The 52-year-old allegedly received stones valued at $170,000 on consignment but they were neither returned nor paid for. Before he could be charged, Arakelian moved to New Zealand. Police then issued the warrants in his absence before arresting him in Sydney’s Wentworth Point last week.

According to Australian Government records, Haroutioun Arakelian previously traded under the business name Rubilit Jeweller from July 2000.

His solicitor indicated he would enter a plea of not guilty.

Arakelian was granted bail and his case will return to court on 15 November.











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Friday, 22 November, 2019 09:33pm
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