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Officers were called to the store to find the shop assistant shaken but uninjured.
A crime scene was established but police failed to locate the person responsible for the theft.
As the investigation continues, police have released a video of a man caught on shopping centre security cameras who may be able to assist with their inquiries.
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The ring was an 18-carat yellow gold diamond ring.(NSW Police Force)
He s described as being of Caucasian appearance, in his late 30s to early 40s, about 180cm tall, and was wearing a beige baseball cap, face mask, red and black long-sleeved checked shirt, dark jeans and grey sneakers at the time.
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He was hit on Pittwater Road near Balgowlah Road, Manly about 3.40pm.
The boy suffered severe head injuries and had to be placed in an induced coma before being flown by helicopter to the Sydney Children s Hospital at Randwick, NSW Ambulance said.
A 10 year old boy is fighting for his life after being struck by a ute on Sydney s Northern Beaches on Friday afternoon.
He was hit around 3.40pm and had to be placed in an induced coma and airlifted to Sydney Children s Hospital at Randwick
Paramedics said the accident, at Pittwater Road near Balgowlah Road, Manly, occurred at a low speed emphasizing how careful drivers need to be