The woman reported that the theft occurred sometime between Nov. 23, 2010 and Sept. 9, 2011.
The woman reported four diamond rings, a woman's Rolex watch, a woman's Movado watch, two silver wedding rings, four additional watches, one pearl necklace, four gold chain necklaces and two gold pins missing.
Police interviewed the woman's 15-year-old grandson, who said he touched the jewelry box before his grandmother had taken it to police and that his fingerprints might be on it.
The grandson said he had nothing to do with the theft. The grandson said he found the jewelry box inside of another 15-year-old's closet.
He said he didn't ask where it came from, but assumed it was stolen.
The two juveniles took the watch and necklace to a pawn shop in Delavan, but were refused service because they weren't 18.
Vince Russo agreed to take the stolen jewelry to a "Cash for Gold" store in Illinois. Russo kept a portion of the proceeds for selling the jewelry.
On Nov. 2, police interviewed the juvenile who said he stole the jewelry and sold it with the help of Russo.
Russo told police that in August 2011 he took the jewelry, which he knew was stolen, and brought it to a Cash for Gold store in Fox Lake.