Dan Hutchinson was identified by police as the man shot and killed in Oak Park, Michigan on Wednesday, June 1.
Hutchinson, 47, is the well-known owner of Hutch Jewelry in Detroit.
According to FOX 2, a man approached Hutchinson after he closed his store and shot him multiple times as he sat in a GMC Yukon on Greenfield Road between 8 and 9 mile.
The gunman fled on foot but was later taken into custody by police. Hutchinson was pronounced dead at a nearby hospital.
News video footage from the scene shows the bullet-riddled GMC Yukon parked outside a closed pawn shop. The shooting occurred about a mile from Hutch Jewelry.
As the news spread on social media, grieving employees of Hutch Jewelry gathered at the scene to console each other.
Rappers and clients paid tribute to the man they affectionately called "Hutch the Jeweler" in posts on social media.
Hutch Jewelry is a family-owned business founded in the 1990s. Hutch provided high-quality gold and diamond jewelry to clients including rapper Rick Ross, boxer Adrien Broner, R&B singer Jacquees, and other artists.
Oak Park police ask anyone with information to contact them at (248) 691-7511 or (248) 691-7513.