Police will have to hand back the ring if the original owner is not found.
Warkworth Police are trying to trace the owner of a diamond ring with a retail valuation of $24,000, before they have to hand it back to a man who claims to have bought it for $100.
Sgt Bede Haughey says Police found the ring in the possession of someone known to them.
“We have no record of this ring being stolen, but we have reason to believe it does not belong to the person who told us they purchased it for $100,” Sgt Haughey says.
The handmade, three-stone diamond ring is of an older style and Sgt Haughey urges people to check with elderly relatives.
“We have noticed an increase in thefts reported by people with elderly relatives who did not notice when the theft occurred.”
If the owner is not found, the ring will be returned to the person found with it.
“It sticks in our craw when we have to return what we strongly suspect is stolen property to a thief,” Sgt Haughey says.