After stealing an 86-carat (17.2 g) diamond in a heist in Antwerp, Franky "Four-Fingers" goes to London to see diamond dealer Doug "The Head" on behalf of New York jeweller "Cousin Avi". One of the other robbers advises Franky to obtain a gun from ex-KGB agent Boris "The Blade".
Meanwhile, Boris then plans to steal the diamond from him before he can turn it over to Doug.
Meanwhile, boxing promoter and slot machine shop owner "Turkish"
persuades gangster "Brick Top" to put boxer "Gorgeous George" in a
matchup against one of Brick Top's boxers. However, when Turkish sends
his partner Tommy and Gorgeous George to purchase a caravan from a group of Irish Travellers, George gets into a fight with Mickey O'Neil, a bare-knuckle boxing
champion who badly injures George. Turkish persuades Mickey to replace
George in his upcoming match by agreeing to purchase a new caravan for
Mickey's mother. Brick Top agrees to the change on the condition that
Mickey throws the fight in the fourth round.
Boris gives Franky a revolver in exchange for a favour: Franky is to
place a bet on Boris' behalf at Brick Top's bookies. Avi, knowing Franky
has a gambling problem, flies to London with his bodyguard "Rosebud" to
claim the diamond personally. Boris hires Vinny and Sol, two small-time
crooks, to rob Franky while he is at the bookies. The robbery goes awry
and Sol, Vinny, and their driver Tyrone are caught on-camera, but
manage to kidnap Franky.
Instead of throwing the fight, Mickey knocks his opponent out with a
single punch. Infuriated, Brick Top robs Turkish of his savings and
demands that Mickey fight again, and lose this time. Meanwhile, Boris
retrieves the diamond and murders Franky with a pistol. Brick Top tracks
down Sol, Vinny, Tyrone, and their friend, Yardie
"Bad Boy" Lincoln and plans on killing them for robbing his bookies.
Sol bargains for their lives by promising Brick Top the stolen diamond,
and is given 48 hours to retrieve it.
Avi and Doug hire "Bullet-Tooth" Tony to help them find Franky. When
the trail leads to Boris, they kidnap him and retrieve the diamond,
closely pursued by Sol, Vinny, and Tyrone. Coincidentally Turkish and
Tommy are driving on the same stretch of road at the time. When Tommy
throws Turkish's carton of milk out of their car window; it splashes
over Tony's windscreen, causing him to crash and killing Rosebud in the
process. Boris escapes from the wreck only to be hit by Tyrone's car.
Tony and Avi are confronted by Sol, Vinny, and Tyrone at a pub where
Tony realizes that the trio's pistols are replicas, which he contrasts
with his real handgun and intimidates them into leaving. The wounded
Boris arrives with an assault rifle with a grenade launcher
looking for the diamond back but is shot and killed by Tony, wounding
Tyrone at the same time. Sol and Vinny leave a wounded Tyrone and escape
with the diamond, which Vinny hides in his pants. When Tony catches up
to them, they tell him that the diamond is back at their pawn shop. Once
there, they produce the diamond, but it is promptly swallowed by a dog
that Vinny got from the travellers. Avi fires at the fleeing dog,
accidentally killing Tony. He gives up and returns to New York.
Mickey refuses to fight again unless Turkish buys a better caravan
for his mother, but Turkish has no money left since Brick Top stole his
savings. Furious, Brick Top has his men vandalize Turkish's gambling
arcade and burn down Mickey's mother's caravan while she is asleep
inside. Mickey agrees to fight to avoid more carnage, but gets so drunk
after his mother's wake that Turkish fears he will not make it to the
fourth round. If he fails to go down as agreed, Brick Top's men will
execute Turkish, Tommy, Mickey, and the entire campsite of travellers.
Mickey makes it to the fourth round, when he suddenly knocks out his
opponent. Outside the arena, Brick Top and his men are killed by the
travellers. Mickey has bet on himself to win, and waited until the
fourth round to allow the travellers time to ambush and kill Brick Top's
men at the campsite.
The next morning, Turkish and Tommy find the travellers campsite
deserted. When confronted by the police, they cannot explain why they
are there, until Vinny's dog suddenly arrives and they claim to be
walking it. Sol and Vinny are arrested when the police find Franky and
Tony's bodies in their car. Turkish and Tommy take the dog to a
veterinarian to extract a squeaky toy
that it had swallowed, and discover the diamond in its stomach, as
well. They consult Doug about selling the diamond and he calls Avi, who
returns to London.


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