There is something of the soap opera to this breezy, semi-comic, story of jewel thievery. The eponymous stone, reputedly cursed throughout history, is the object for a gang of crooks who must obtain it before it's new owner cuts it up and sells it on. Handsome teen star Frankie Darro ("Lee/the Kid") assumes the guise of a boxer so he can infiltrate the boarding house that is run by the man charged with cutting the thing, but who really only manages to get himself embroiled in a bit of high jinx with undercover agent "Carter" (Kane Richmond) and a bit of a lively romance with the light and fluff...