IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.19% USD/MXN17.32▲ 0.04% USD/CLP924.42▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.14% BRENT 83.83 ▼ 6.98% WTI 80.29 ▼ 5.17% IRON ORE 161.91 — — COPPER 6.55 ▲ 1.69% GOLD 4,110 ▲ 1.50% SILVER 58.41 ▲ 1.41% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.40 ▲ 0.26% PETR4 42.86 ▼ 1.29% VALE3 74.36 ▼ 2.52% ITUB4 43.01 ▲ 0.32% BBDC4 18.55 ▲ 0.76% ABEV3 15.81 ▼ 1.13% BBAS3 21.28 ▼ 0.33% B3SA3 15.58 ▼ 0.95% WEGE3 48.35 ▲ 2.44% PRIO3 58.85 ▼ 3.29% SUZB3 43.17 ▼ 0.35% RENT3 38.11 ▲ 1.33% AZZA3 16.28 ▼ 0.85% CSAN3 4.08 ▲ 0.25% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.41 ▲ 0.22% NATU3 8.54 ▲ 1.91% BRKM5 5.90 ▼ 1.17% RANI3 8.42 ▲ 3.82% CSNA3 4.54 ▼ 6.20% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.76 ▲ 1.71% CPFE3 45.89 ▼ 0.54% CMIG4 11.28 ▼ 0.53% EQTL3 38.84 ▲ 0.47% LREN3 13.88 ▲ 2.06% VIVT3 32.31 ▼ 0.98% RAIL3 14.14 ▼ 2.08% KLABIN 18.34 ▲ 0.49% RAIA DROGASIL 18.65 ▲ 0.92% RDOR3 34.04 ▼ 1.73% HAPV3 11.87 ▲ 5.23% FLRY3 17.29 ▲ 0.88% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.21 ▲ 0.44% BBSE3 41.36 ▲ 0.24% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.98 ▲ 0.56% VAMOS 3.28 ▼ 1.80% SANB11 28.95 ▲ 1.15% ASAI3 8.48 ▼ 0.24% SBSP3 27.41 ▼ 1.05% WALMEX 49.74 ▼ 1.01% GMEXICO 211.84 ▲ 1.98% FEMSA 216.60 ▼ 2.19% CEMEX 20.58 ▲ 0.34% GFNORTE 198.18 ▼ 1.20% BIMBO 61.35 ▼ 0.98% TELEVISA 9.61 ▼ 2.04% AMX 21.55 ▼ 2.36% GAP 376.50 ▼ 0.01% ASUR 275.26 ▼ 0.13% OMA 230.88 ▼ 0.19% KOF 185.34 ▼ 1.03% GRUMA 264.28 ▲ 2.34% KIMBER 40.06 ▼ 0.35% SQM-B 61,752 ▼ 1.51% COPEC 6,275 ▼ 1.18% BSANTANDER 79.86 ▼ 1.40% FALABELLA 6,303 ▲ 1.41% ENELAM 87.23 ▼ 0.86% CENCOSUD 1,955 ▲ 0.01% CMPC 1,063 ▲ 0.77% BANCO CHILE 191.61 ▼ 1.08% LATAM AIR 25.25 ▲ 2.06% YPF 8,110 ▼ 2.17% GGAL 7,945 ▲ 0.80% PAMPA 5,510 ▼ 0.81% TXAR 656.50 ▼ 0.45% ALUAR 969.50 ▼ 0.82% TGS 9,865 ▼ 1.84% CEPU 2,371 ▼ 1.04% MIRGOR 1,675 ▼ 89.76% COME 43.50 ▼ 1.20% LOMA NEGRA 3,575 ▼ 1.24% BYMA 293.50 ▼ 0.68% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.14 ▼ 1.49% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.87 ▼ 1.18% SOUTHERN COPPER 186.47 ▲ 2.06% BUENAVENTURA 30.38 ▲ 0.33% MERCADOLIBRE 1,899 ▲ 1.13% NUBANK 14.47 ▲ 0.98% XP 17.01 ▼ 0.29% PAGSEGURO 9.63 ▼ 0.10% STONE 11.32 ▼ 0.48% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.48 ▲ 7.00% GAP AIRPORT 217.46 ▲ 0.05% ASUR 275.26 ▼ 0.13% OMA AIRPORT 106.42 ▼ 0.45% AMX ADR 24.87 ▼ 1.89% FEMSA ADR 125.02 ▼ 2.32% CEMEX ADR 11.89 ▲ 0.55% PETROBRAS ADR 19.09 ▼ 1.62% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.46 ▼ 0.02% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.07 ▼ 1.29% CSN 0.91 ▼ 7.94% GERDAU 5.01 ▲ 1.01% LATAM ADR 54.41 ▲ 3.13% BTC 63,898 ▲ 0.65% ETH 1,870 ▼ 0.66% SOL 74.00 ▲ 0.75% XRP 1.08 ▼ 0.48% BNB 591.57 ▲ 0.68% ADA 0.19 ▲ 2.41% DOGE 0.07 ▼ 0.48% AVAX 6.59 ▲ 0.68% LINK 8.25 ▼ 1.43% DOT 0.83 ▲ 3.58% LTC 44.31 ▼ 0.73% BCH 213.86 ▲ 0.63% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.05% HBAR 0.07 ▲ 0.70% NEAR 1.74 ▲ 1.43% ATOM 1.36 ▲ 7.84% AAVE 93.05 ▲ 1.14% SELIC 14.25% EMBRAER 90.56 ▲ 4.22% EMBRAER ADR 71.24 ▲ 4.26% JBS 13.76 ▼ 1.89% JBS BDR 69.95 ▼ 1.06% MBRF3 17.70 ▲ 0.91% MBRFY 3.43 ▼ 0.29% INTER 5.60 ▼ 0.09% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.15% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.89▼ 0.36% USD/CNY6.75▼ 0.07% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▼ 0.25% GBP/USD1.34▼ 0.41% SPX 7,607 ▲ 1.57% DJI 53,190 ▲ 1.34% NDX 28,794 ▲ 1.84% RUT 2,980 ▲ 1.67% TSX 35,226 ▼ 0.79% VIX 15.78 ▼ 1.31% USD/CAD1.40▲ 0.24% US10Y 4.6860 ▼ 1.24% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.08 ▲ 0.19% USD/MXN 17.32 ▲ 0.04% USD/CLP 924.42 ▼ 0.72% USD/COP 3,228 ▲ 0.79% USD/PEN 3.39 ▼ 0.08% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 57.83 ▼ 0.28% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.10 ▲ 0.31% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.14% BRENT 83.83 ▼ 6.98% WTI 80.29 ▼ 5.17% IRON ORE 161.91 — — COPPER 6.55 ▲ 1.69% GOLD 4,110 ▲ 1.50% SILVER 58.41 ▲ 1.41% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.40 ▲ 0.26% PETR4 42.86 ▼ 1.29% VALE3 74.36 ▼ 2.52% ITUB4 43.01 ▲ 0.32% BBDC4 18.55 ▲ 0.76% ABEV3 15.81 ▼ 1.13% BBAS3 21.28 ▼ 0.33% B3SA3 15.58 ▼ 0.95% WEGE3 48.35 ▲ 2.44% PRIO3 58.85 ▼ 3.29% SUZB3 43.17 ▼ 0.35% RENT3 38.11 ▲ 1.33% AZZA3 16.28 ▼ 0.85% CSAN3 4.08 ▲ 0.25% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.41 ▲ 0.22% NATU3 8.54 ▲ 1.91% BRKM5 5.90 ▼ 1.17% RANI3 8.42 ▲ 3.82% CSNA3 4.54 ▼ 6.20% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.76 ▲ 1.71% CPFE3 45.89 ▼ 0.54% CMIG4 11.28 ▼ 0.53% EQTL3 38.84 ▲ 0.47% LREN3 13.88 ▲ 2.06% VIVT3 32.31 ▼ 0.98% RAIL3 14.14 ▼ 2.08% KLABIN 18.34 ▲ 0.49% RAIA DROGASIL 18.65 ▲ 0.92% RDOR3 34.04 ▼ 1.73% HAPV3 11.87 ▲ 5.23% FLRY3 17.29 ▲ 0.88% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.21 ▲ 0.44% BBSE3 41.36 ▲ 0.24% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.98 ▲ 0.56% VAMOS 3.28 ▼ 1.80% SANB11 28.95 ▲ 1.15% ASAI3 8.48 ▼ 0.24% SBSP3 27.41 ▼ 1.05% WALMEX 49.74 ▼ 1.01% GMEXICO 211.84 ▲ 1.98% FEMSA 216.60 ▼ 2.19% CEMEX 20.58 ▲ 0.34% GFNORTE 198.18 ▼ 1.20% BIMBO 61.35 ▼ 0.98% TELEVISA 9.61 ▼ 2.04% AMX 21.55 ▼ 2.36% GAP 376.50 ▼ 0.01% ASUR 275.26 ▼ 0.13% OMA 230.88 ▼ 0.19% KOF 185.34 ▼ 1.03% GRUMA 264.28 ▲ 2.34% KIMBER 40.06 ▼ 0.35% SQM-B 61,752 ▼ 1.51% COPEC 6,275 ▼ 1.18% BSANTANDER 79.86 ▼ 1.40% FALABELLA 6,303 ▲ 1.41% ENELAM 87.23 ▼ 0.86% CENCOSUD 1,955 ▲ 0.01% CMPC 1,063 ▲ 0.77% BANCO CHILE 191.61 ▼ 1.08% LATAM AIR 25.25 ▲ 2.06% YPF 8,110 ▼ 2.17% GGAL 7,945 ▲ 0.80% PAMPA 5,510 ▼ 0.81% TXAR 656.50 ▼ 0.45% ALUAR 969.50 ▼ 0.82% TGS 9,865 ▼ 1.84% CEPU 2,371 ▼ 1.04% MIRGOR 1,675 ▼ 89.76% COME 43.50 ▼ 1.20% LOMA NEGRA 3,575 ▼ 1.24% BYMA 293.50 ▼ 0.68% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.14 ▼ 1.49% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.87 ▼ 1.18% SOUTHERN COPPER 186.47 ▲ 2.06% BUENAVENTURA 30.38 ▲ 0.33% MERCADOLIBRE 1,899 ▲ 1.13% NUBANK 14.47 ▲ 0.98% XP 17.01 ▼ 0.29% PAGSEGURO 9.63 ▼ 0.10% STONE 11.32 ▼ 0.48% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.48 ▲ 7.00% GAP AIRPORT 217.46 ▲ 0.05% ASUR 275.26 ▼ 0.13% OMA AIRPORT 106.42 ▼ 0.45% AMX ADR 24.87 ▼ 1.89% FEMSA ADR 125.02 ▼ 2.32% CEMEX ADR 11.89 ▲ 0.55% PETROBRAS ADR 19.09 ▼ 1.62% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.46 ▼ 0.02% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.07 ▼ 1.29% CSN 0.91 ▼ 7.94% GERDAU 5.01 ▲ 1.01% LATAM ADR 54.41 ▲ 3.13% BTC 63,898 ▲ 0.65% ETH 1,870 ▼ 0.66% SOL 74.00 ▲ 0.75% XRP 1.08 ▼ 0.48% BNB 591.57 ▲ 0.68% ADA 0.19 ▲ 2.41% DOGE 0.07 ▼ 0.48% AVAX 6.59 ▲ 0.68% LINK 8.25 ▼ 1.43% DOT 0.83 ▲ 3.58% LTC 44.31 ▼ 0.73% BCH 213.86 ▲ 0.63% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.05% HBAR 0.07 ▲ 0.70% NEAR 1.74 ▲ 1.43% ATOM 1.36 ▲ 7.84% AAVE 93.05 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Society Brazil

Brazilian Drug Kingpins Flaunt Power Through Jewelry

By · July 15, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – Throughout Brazil, authorities are seizing significant quantities of gold and diamonds in the forms of ostentatious jewelry worn by high ranking narco-traffickers and criminals.

Jewelry and other items confiscated from a militia member in Rio de Janeiro (Photo: C.H. Gardiner)
Jewelry and other items confiscated from a militia member in Rio de Janeiro. (Photo C.H. Gardiner)
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According to police, the kingpins wear the jewelry as a form of identification within the criminal community. It also acts as a way of safekeeping their illicit profits, which, for obvious reasons, can’t be deposited in a bank.

A raid last March in Rio de Janeiro’s infamous Bangu prison – home to some of the highest ranking members of the criminal factions that dominate large swaths of Rio’s territory – resulted in police apprehending large quantities of bulky gold rings and designer watches, items prohibited within the institution.

Authorities said that some of the 36 rings were worth up to R$100,000 (US$25,000.) Two of the 169 watches, a Rolex and a Hublot, were valued at R$100,000 and R$75,000 (US$18,750), respectively. Police said the items were authentic.

Investigators in Ceará said that high ranking members of the Guardiões do Estado (Guardians of the State) narcotics organization used six rings to identify the leadership of the organization.

GDE is one of the most violent criminal organizations and responsible for the significant increase in homicides in Ceará after it initiated a narcotics war with rival factions.

Authorities seized two of the big gold rings following the arrest of a pair of high ranking GDE members. After conducting a forensic analysis of the prisoner’s phones, authorities were able to determine that the custom-made rings served as a form of differentiating the leadership.

Each ring bears the name of one of the leaders and costs about R$42,000 (US$10,000) to manufacture.

Jewelry belonging to a trafficker named Gilberto Coelho de Olivera, also known as “Hulk.”
Jewelry belonging to a trafficker named Gilberto Coelho de Olivera, also known as “Hulk”. (Photo internet reproduction)

Local residents of areas of Rio de Janeiro dominated by mafia-like militias said that the gangsters have also started to wear expensive watches, bracelets, and jewelry as a way of demonstrating their power and wealth. Raids by police against militias often turn up such costly items.

Drug traffickers that dominated Rio’s Governor’s Island for almost two decades would often walk the streets with custom-made jewelry. Gilberto Coelho de Oliveira, known as Hulk, had several necklaces and chains made of gold and precious stones in the shape of the comic book character.

To prevent grave robbers, the family of a drug trafficker shot and killed earlier in the year made it clear to the public that the body would be buried without his iconic gold teeth.

These ostentatious demonstrations of wealth not only show how lucrative the drug business is in Brazil but how public it is. Criminals make no effort to try to hide their identity, but instead go to impressive, and expensive, lengths to demonstrate just how good business is.

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