Houston, Texas — An ABC store has reported that a $30 million dollar diamond engagement ring was stolen from a department store it was renting.

The robbery occurred around 8:30 a.m.

Wednesday, ABC News affiliate KPRC-TV reports.

The ring was reportedly stolen from the ABC store by a man who entered the store with a gun and demanded money.

The suspect fled in a silver Chevrolet Tahoe and was apprehended about two hours later, according to ABC News.

The store owner, David Kohl, told KPRI-TV he has lost his faith in the jewelry industry, and is working to make his own jewelry.

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