My "friend" Stole My Wife's Wedding Ring Set And Pawned It. What To Do?

Hello, as the title says my wife can't wear her wedding and engagement rings anymore and they were in the console of her car. She noticed her rings were missing and we had no idea who might have took them until a friend of mine asks me if my wife is missing some rings. She then produces my wife's class ring and says my "friend" Joe gave it to her as payment for a debt and tells me she knows who has the other rings. It's Joes girlfriend that has the other rings so I confront her and she says Joe sold the rings for $1000 at a pawn shop recently. Location: Tennessee

I was furious and surprised but I hadn't known Joe very long and tend to trust new acquaintances until they show me I can't. He has definitely proved he can't be trusted. I paid $4800 for the engagement ring alone. Almost at the same time I had approximately $600 worth of quarters, half dollars and Sacajawea dollars in a coffee can that I accidentally left at Joes house overnight and the very next day I go to retrieve them and Joe says he hasn't seen them. This was a blatant and insulting lie because he had attempted to trade numerous tools for the coins the previous night and I refused because I knew they held considerable value and was headed to coinstar the next day. I trusted this guy and counted him as a friend but I hung up when he played dumb about the coins.

This jerk knew money was very tight for my family at the moment and I haven't spoke to him since. Obviously the first thing to enter my mind is violence but he would have me arrested and still have my money. Do I just need to call the police? Will they arrest him on my word or how does that work? What would he be charged with and wouldn't this be my word against his ?I don't want to go to the police and then he faces no repercussions. We live in a small town and I will see him and if he asks me why I snitched on him I know I will lose composure and likely strike him about the head and neck with each blow being more fierce than it's predecessor until I achieve satisfaction. Just kidding about that last phrase, it's something my cousin used to say but for real I'll likely punch him and go to jail. It just seems like the correct thing to do when a friend takes advantage like this. Thank you for any suggestions