Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings

October 22, 2025

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings

October 22, 2025

Why South Korea’s Gen Z are falling prey to the scam gangs of Southeast Asia

October 22, 2025
Facebook X (Twitter) Instagram
Wednesday, October 22
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Louvre jewel heist now a race against time for authorities
Europe

Louvre jewel heist now a race against time for authorities

adminBy adminOctober 21, 2025No Comments6 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 2


PARIS (AP) — The glittering sapphires, emeralds, and diamonds that once adorned France’s royals could well be gone forever, experts said Tuesday after a brazen, four-minute heist in broad daylight left the nation stunned and the government struggling to explain a new debacle at the Louvre.

Each stolen piece — an emerald necklace and earrings, two crowns, two brooches, a sapphire necklace and a single earring — represents the pinnacle of 19th century “haute joaillerie,” or fine jewelry. But for the royals, they were more than decoration. The pieces were political statements of France’s wealth, power and cultural import. And they are so significant that they were among the treasures saved from the government’s 1887 auction of most royal jewels.

Laure Beccuau, the Paris prosecutor whose office is leading the investigation, said Tuesday that in monetary terms, the stolen jewelry is worth an estimated $102 million (88 million euros) but also noted that the estimate doesn’t include historical value. About 100 investigators are now involved in the police hunt for the suspects and the gems, she said.

The theft of the crown jewels left the French government scrambling — again — to explain the latest embarrassment at the Louvre, which is plagued by overcrowding and outdated facilities. Activists in 2024 threw a can of soup at the Mona Lisa. And in June, the museum was brought to a halt by its own striking staff, who complained about mass tourism. President Emmanuel Macron has announced that the Mona Lisa, stolen by a former museum worker in 1911 and recovered two years later, will get its own room under a major renovation.

Now the sparkling jewels, artifacts of a French culture of long ago, are likely being secretly dismantled and sold off in a rush as individual pieces that may or may not be identifiable as part of the French crown jewels, experts said.

“It’s extremely unlikely these jewels will ever be retrieved and seen again,” said Tobias Kormind, managing director of 77 Diamonds, a major European diamond jeweler, said in a statement. “If these gems are broken up and sold off, they will, in effect, vanish from history and be lost to the world forever.”

Crown jewels are symbols of heritage and national pride

At once intimate and public, crown jewels are kept secured from the Tower of London to Tokyo’s Imperial Palace as visual symbols of national identities.

In the Louvre’s case, the gems were stolen from the former palace’s gilded Apollo Gallery, itself a work of art rendered in “sun, gold and diamonds,” per the museum’s website. Interior Minister Laurent Nunez said more than 60 police investigators are involved in the manhunt for the four robbery suspects. The thieves were divided into two pairs, with two people aboard a truck with a cherry picker they used to climb up to the gallery, Nunez said. Photos showed the equipment’s ladder reaching to the floor above street level.

Taken, officials said, were eight pieces, part of a collection whose origin as crown jewels date back to the 16th century when King Francis I decreed that they belonged to the state. The Paris prosecutor’s office, leading the investigation, said that two men with bright yellow jackets broke into the gallery at 9:34 a.m. — half an hour past opening time — and left the room at 9:38 a.m. before fleeing on two motorbikes.

The missing pieces include two crowns, or diadems. One, given by Emperor Napoleon III to the Empress Eugenie in 1853 to celebrate their wedding, holds more than 200 pearls and nearly 2,000 diamonds. The second is a starry sapphire-and diamond headpiece — and also a necklace and single earring— worn by, among others, Queen Marie-Amelie, French authorities said.

Also stolen: a necklace of dozens of emeralds and more than 1,000 diamonds that was a wedding gift from Napoleon Bonaparte to his second wife, Marie-Louise of Austria, in 1810. The matching earrings also were stolen. The thieves also made off with a reliquary brooch and a large bodice bow worn by Empress Eugenie — both pieces diamond-encrusted, French officials said.

The robbers dropped or abandoned a hefty ninth piece, which was damaged: a crown adorned with gold eagles, 1,354 diamonds and 56 emeralds, worn by Empress Eugenie.

Left untouched were other items in the crown jewel collection, which before the heist included 23 jewels, according to the Louvre. Remaining, for example, is the plum-sized Regent, a white diamond said the be the largest of its kind in Europe.

Now it’s a race against time

Authorities haven’t given a monetary value for the stolen jewels. But they are worth many tens or hundreds of millions, even if they’re too famous to be sold on the open market in their original state. The emotional loss is keenly felt and easier to measure, with many describing France’s failure to secure its most precious items as a wounding blow to national pride.

“These are family souvenirs that have been taken from the French,” conservative lawmaker Maxime Michelet said in Parliament on Tuesday, quizzing the government about security at the Louvre and other cultural sites.

“Empress Eugenie’s crown — stolen, then dropped and found broken in the gutter, has become the symbol of the decline of a nation that used to be so admired,” Michelet said. “It is shameful for our country, incapable of guaranteeing the security of the world’s largest museum.”

The theft Sunday was not the first Louvre heist in recent years. But it stood out for its forethought, speed and almost cinematic quality as one of the highest-profile museum thefts in living memory. In fact, it echoed the fictional theft from the Louvre of a royal crown by a “gentleman thief” in the French television show “Lupin” — which in turn is based on a 1905 series of stories.

The romance of such a theft is mostly a creation of showbiz, according to one theft investigator. Christopher A. Marinello, a lawyer with Art Recovery International, said he’s never seen a “theft-to-order” by some shadowy secret collector.

“These criminals are just looking to steal whatever they can,” Marinello said. “They chose this room because it was close to a window. They chose these jewels because they figured that they could break them apart, take out the settings, take out the diamonds and the sapphires and the emeralds” overseas to “a dodgy dealer that’s willing to recut them and no one would ever know what they did.”

What happens now is a race against time both for the French authorities hunting the thieves and for the perpetrators themselves, who will have a hard time finding buyers for the pieces in all their royal glory, .

“Nobody will touch these objects. They are too famous. It’s too hot. If you get caught you will end up in prison,” aid Dutch art sleuth Arthur Brand. “You cannot sell them, you cannot leave them to your children.”

___

Kellman reported from London. Associated Press writer Mike Corder contributed from The Hague, Netherlands.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Europe

Things to know about ex-French president and now prison inmate Nicolas Sarkozy

October 21, 2025
Europe

Ukraine and European leaders accuse Putin of stalling peace efforts

October 21, 2025
Europe

Millions in Ukraine face power outages as Russia targets energy grid

October 21, 2025
Europe

Slovakia court sentences man behind attempted assassination of prime minister to 21 years

October 21, 2025
Europe

French ex-President Sarkozy going to prison on conspiracy conviction

October 21, 2025
Europe

Virginia Giuffre’s memoir on Prince Andrew and Epstein hits shelves

October 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan ranked among least resilient countries in Global Investment Risk and Resilience Index – Business & Finance

October 21, 2025

Coca-Cola tops quarterly revenue estimates on steady soda demand – Business & Finance

October 21, 2025

Pakistan reaffirms commitment to human rights, labour standards under GSP+ – Business & Finance

October 21, 2025

MENA, Pakistan economies beat expectations, says IMF – Business & Finance

October 21, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings
  • Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings
  • Why South Korea’s Gen Z are falling prey to the scam gangs of Southeast Asia
  • Capital One puts credit risk worries to rest, delivers a strong quarter and new buyback
  • How ‘paramount leader’ Donald Trump could prove to be a guard rail in US-China ties

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings

October 22, 2025

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms seeking listings

October 22, 2025

Why South Korea’s Gen Z are falling prey to the scam gangs of Southeast Asia

October 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.