Police: Local Jewelry Store Owner Arrested For Purchasing Stolen Property

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by Caryn Little

Story Created: Feb 26, 2013 at 1:05 PM EDT

Story Updated: Feb 26, 2013 at 1:05 PM EDT

STATESVILLE, N.C.--Police say a local jewelry store owner purchased stolen goods and other products for his store. 

Philip Razor has been charged with possession of stolen firearms, failure to obtain identification and trafficking a controlled substance. 

Investigators say Razor is the owner of North Carolina Gold and Diamond Exchange.  Police say they were tipped off about Razor buying stolen merchandise.

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