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That's an intriguing story. I don't think that makes him a gangster. More like something a common thief would do. That sounds like right out of a playbook of common street urchins in Paris or eastern Asia.
Glad the state department told Kraft to shove it. Could you imagine an international standoff over a fucking billionaire's ring.
That's a lot of gangsters though (in my opinion). There's this mystique that they're honorable and all-powerful when in fact the whole thing is based on just the capacity for shocking violence, coupled with this kind of skeevy pettiness. They're all just a bunch of step-daughter-fuckers with delusions about themselves.
And yeah, if you hand a precious object to a known thief because in your mind there's no way he would steal it from you, that's on you. If you won't or can't go head-to-head with him yourself to get it back, then chalk it up as a valuable lesson.