By Adam B. Vary
Updated March 16, 2009 at 12:00 PM EDT

Paramount has acquired the rights to a forthcoming Wired magazine article about diamond thieves that J.J. Abrams will produce as a feature film, according to The Hollywood Reporter. The article tells the story of a ring of Italian burglars who allegedly stole at least $100 million from a Belgian vault thought to be impenetrable. The ringleader, Leonardo Notarbartolo, was arrested and convicted of the crime in 2003; although he was released this week, the stolen goods have never been recovered. Variety reports that Joshua Davis, the author of the Wired article, will adapt the story into a screenplay.