[QODLink]
Europe
Jewels stolen in $102m Paris heist
Four thieves, two disguised as women, rob Harry Winston jewellers in French capital.
Last Modified: 05 Dec 2008 15:51 GMT
The thieves stuffed brooches, rings, necklaces and other finery into bags [AFP]

Armed robbers have pulled off one of the world's biggest jewellery thefts at a Paris shop, making off with diamonds and valuables worth $102m.

The four robbers, two of whom were disguised as women, stole nearly all the jewellery on display at Harry Winston jewellers on the Avenue Montaigne, just off the Champs-Elysees in the French capital.

The robbery was well-planned, a source from the investigating team told AFP, the French news agency.

The men knew the names of some of the shop's employees and the location of some hidden storage cases for jewels.

Weapons brandished

The robbers managed to elude a high-security surveillance system and burst into the boutique at 1630 GMT on Thursday, during the busy holiday shopping season.

Brandishing weapons, they threatened some of the dozen employees and customers and herded them into a corner.

Investigators said some of the employees had suffered blows.

The haul, initially estimated at up to $79m, was revised early on Friday to $102m, making it France's biggest jewellery heist by far.

Police said they were dealing with "major pros" who had meticulously planned their crime and knew the boutique's lay-out, suggesting it may have been an inside job.

The thieves, who were said to be French-speaking, stuffed brooches, rings, necklaces and other finery into bags and quickly left, without firing a shot. 

Detectives said there was a possibility that the robbers may have connections in eastern Europe, where the loot could be sold more easily than in western Europe where such goods would be quickly detected.

Police described the eastern European market as a "new El Dorado for traffickers" trying to get rid of high-end stolen goods.

They were questioning customers, employees and pedestrians on Friday to try to come up with clues. 

Celebrity clientele

Harry Winston, which specialises in luxury jewellery for its wealthy international clientele, was hit by another heist in October last year when armed robbers stole an estimated $2.8m worth of valuables.

An insurance company offered a $500,000 reward for information leading to the thieves' arrest but they were never found.

The US jewellery chain has stores across the world and has sold precious stones to royal families and lent them to film stars for events such as the Cannes film festival and the Oscars.

Belgium holds the record for the world's biggest jewellery heist, when diamonds worth $127m or more were stolen on February 14, 2003, in Antwerp.

Among other notable heists, three Paris shops were targeted in October 2001 by a conman posing as a rich Kuwaiti who managed to make off with $2.8m in jewels.

Source:
Agencies
Topics in this article
People
City
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
The conservative UMP party suffers from crippling internal divisions and extreme debt from mismanagement.
More than fifty years of an armed struggle for independence from Spain might be coming to an end in the Basque Country.
After the shooting-down of flight MH17, relatives ask what the carrier has learned from still-missing MH370.
Human rights and corporate responsibility prompt a US church to divest from companies doing business with Israel.
Afghan militias have accumulated a lengthy record of human-rights abuses, including murders and rapes.
join our mailing list