A thief had no idea a diamond ring stolen in a burglary at his neighbour’s caravan was worth £16,000 – and sold it for less than £50.
James Fallon, 25, of Brandon Lane, Brandon, was jailed for eight months by a judge at Warwick Crown Court after pleading guilty to handling stolen property.
Prosecutor Andrew Tucker said that earlier this year a caravan on a site in Brandon Lane was broken into and a quantity of valuable property was taken.
Among the haul, which included electrical items, were a number of pieces of jewellery including a £16,000 diamond ring.
After receiving the ring Fallon, who was living in the neighbouring caravan at the time, unsuccessfully tried to sell the ring to one woman, before selling it to someone called Hayley Heath for less than £50.
When he was arrested Fallon, who has previous convictions in Ireland but none in this country, admitted what he had done, but said he had not known the true value of the ring.
Ian Windridge, defending, said: “He is realistic enough to know a sentence of imprisonment is inevitable.”
He added that since being remanded in custody Fallon had enrolled on various courses, and does not have a regular source of heroin which had blighted him while living on the caravan site.
Jailing Fallon, Judge Richard Griffith-Jones told him: “Because of your physical and chronological proximity to the theft of this very valuable property, this is a very serious case of handling stolen goods.”