After tracking the diamond’s arrival in Dubai from Europe, the gang devised a “sophisticated plan,” in order to steal it. The thieves passed themselves off as wealthy dealers by renting luxury cars and holding meetings in high-end hotels. They even went as far as to hire a diamond expert to authenticate the stone, said police.

Dubai Police foiled a $25 million pink diamond heist within eight hours of it being reported. The three Asian suspects posed as wealthy buyers, lured the trader to a villa, and stole the rare 21-carat gem.