Police are hunting a man (pictured) who allegedly robbed a jewellery store of a $300,000 five-carat diamond by swapping it with a worthless fake. The alleged thief pulled off the brazen switch at Cerrone Jewellers' flagship store (inset) in Sydney's Martin Place at 10am on Tuesday. He allegedly looked at the unset diamond before taking it and leaving one of much lesser value in its place, believed to be a cubic zirconia. Employees at the store realised the stones had been switched after the man left, calmly walking out into the bustling pedestrian thoroughfare. Cerrone retail manager Alison Kotevski said the man had visited the previous day and examined the $300,000 diamond. He returned on Tuesday and examined the stone before making the switch when a staff member’s back was turned. He then said he would return with a friend who knew about diamonds and left. The suspect is described as Asian, with a slim build and short black hair. He was wearing a grey jumper, dark-coloured pants, black Nike-brand sneakers, and carrying a shoulder bag.
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