The elements of embezzlement

Xavier, is the owner of Midtown Jewelers. Xavier gives Yancey, a minor employee, a watch to deliver to Zelda, owner of Zelda’s Jewelers. Yancey decides to abscond with the watch before reaching Zelda’s.
DQ: (a) Based on the facts and, (b) based on the elements of embezzlement and/or larceny, can Xavier be convicted of embezzlement or larceny-theft of the watch? Why or Why Not? Explain