During Mr Coleman’s sentencing at Newry Crown Court last month, a sum of £205 which was also seized at the incident was ordered by the court to be donated to charity.
Officers further seized a quantity of cocaine at the property during the raid in June 2021, which had an estimated value of approximately £6,000.
Detective Chief Inspector Kelly said: “The amount of jewellery forfeited shows the PCTF’s ongoing commitment to pursuing proceeds of crime generated from the criminal activities of paramilitary groupings.
"The public have specifically asked us to pursue the finances generated by paramilitaries and we will explore every avenue in order to do so. This money will now be put to good use in providing assistance to local initiatives and other worthwhile causes.”