CrimeAug 03, 2023
Thieves Nab Nearly $1M in Jewels in Calif. Smash-and-Grab CrimeAug 07, 2023
Police Investigating Multimillion-Dollar Heist at Piaget Paris
Two men and a woman made off with an estimated $11 million to $16.5 million worth of jewels, said authorities.
Police in Paris are searching for the three suspects behind the Aug. 1 robbery of the Piaget store on Rue de la Paix. They allegedly stole more than $10 million in jewels from the store. (Image courtesy of Piaget)
Paris—Parisian authorities are on the lookout for the suspects behind the recent armed robbery of a Piaget store.
On the afternoon of Aug. 1, two men in suits and a woman in a dress entered the store on Rue de la Paix next to the Place Vendôme, according to a translated version of an article from French news site Le Parisien.
The thieves had a handgun with a silencer, a police source told the newspaper, and threatened the staff, forcing everyone onto the ground at the back of the store.
One employee was forced at gunpoint to open the locked jewelry display cases and the safe, according to reports.
After grabbing the jewels, the trio fled on foot and have not yet been apprehended. There were no reported injuries.
The stolen jewels have an estimated worth of between €10 million and €15 million ($11 million to $16.5 million), police said.
On the afternoon of Aug. 1, two men in suits and a woman in a dress entered the store on Rue de la Paix next to the Place Vendôme, according to a translated version of an article from French news site Le Parisien.
The thieves had a handgun with a silencer, a police source told the newspaper, and threatened the staff, forcing everyone onto the ground at the back of the store.
One employee was forced at gunpoint to open the locked jewelry display cases and the safe, according to reports.
After grabbing the jewels, the trio fled on foot and have not yet been apprehended. There were no reported injuries.
The stolen jewels have an estimated worth of between €10 million and €15 million ($11 million to $16.5 million), police said.
An official investigation was underway to find the suspects who carried out an armed robbery at a Piaget store in central Paris https://t.co/zhWYPFn0f0 pic.twitter.com/TgOXURNkhp
— Reuters (@Reuters) August 2, 2023
The Richemont-owned jewelry brand, founded in 1874, is notable for its high-end watches and jewelry.
Richemont did not respond to a request for comment on the incident.
The Paris prosecutor’s office has opened an investigation into the crime, which will be handled by the Brigade de Répression du Banditisme (the banditry repression brigade), which specializes in jewelry store robberies.
In May, the nearby Bulgari store on Place Vendôme was also the target of an afternoon robbery at the hands of three armed robbers.
More on Crime
The Latest
MajorsFeb 05, 2026
Pandora to Begin Selling Platinum-Plated JewelryThe introduction of platinum plating will reduce its reliance on silver amid volatile price swings, said Pandora.
SourcingFeb 05, 2026
De Beers Lowers Production Guidance for 2026, Anglo Mulls Another WritedownIt would be the third impairment charge in three years on De Beers Group, which continues to grapple with a “challenging” diamond market.
IndependentsFeb 05, 2026
Borsheims to Undergo Massive Renovation in the Spring The Omaha jewelry store’s multi-million-dollar renovation is scheduled to begin in mid-May and take about six months.
Brought to you by
The MJSA Mentor & Apprenticeship Program: Attracting & Training the Next Generation of Bench JewelersLaunched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.
CollectionsFeb 05, 2026
Marco Bicego’s Amethyst Collection Travels to a Purple ParadiseThe “Paradise Amethyst” collection focuses on amethyst, pink tourmaline, garnet, and 18-karat yellow gold beads.
Weekly QuizFeb 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
FinancialsFeb 05, 2026
Watches of Switzerland Reports Strong Holiday Results in Q3The retailer credited its Roberto Coin campaign, in part, for boosting its North America sales.
ColumnistsFeb 04, 2026
January Jewelry Sales: More Dollars Spent, Fewer Units Sold Sherry Smith unpacks independent retailers’ January performance and gives tips for navigating the slow-growth year ahead.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
MajorsFeb 04, 2026
What Designers Should Know About Saks Global’s BankruptcyFrom how to get an invoice paid to getting merchandise returned, JVC’s Sara Yood answers some complex questions.
TrendsFeb 04, 2026
Amanda’s Style File: February Birthstone BlissAmethyst, the birthstone for February, is a gemstone to watch this year with its rich purple hue and affordable price point.
MajorsFeb 04, 2026
Marco Bicego Names New Global Marketing DirectorThe Italian jewelry company appointed Matteo Cuelli to the newly created role.
MajorsFeb 04, 2026
Frederick Goldman Updates Leadership TeamThe manufacturer said the changes are designed to improve speed, reliability, innovation, and service.
Policies & IssuesFeb 03, 2026
Tariff Relief on Horizon for India as Trump, Modi Make DealPresident Trump said he has reached a trade deal with India, which, when made official, will bring relief to the country’s diamond industry.
CollectionsFeb 03, 2026
Jade Trau Releases New Charms, Introduces RondellesThe designer’s latest collection takes inspiration from her classic designs, reimagining the motifs in new forms.
WatchesFeb 03, 2026
Casio America Calls Jersey City HomeThe watchmaker moved its U.S. headquarters to a space it said fosters creativity and forward-thinking solutions in Jersey City, New Jersey.
SourcingFeb 03, 2026
Nivoda Reveals Upgraded Gemstone MarketplaceThe company also announced a new partnership with GemGuide and the pending launch of an education-focused membership program.
GradingFeb 02, 2026
IGI to Acquire American Gemological Laboratories IGI is buying the colored gemstone grading laboratory through IGI USA, and AGL will continue to operate as its own brand.
EditorsFeb 02, 2026
Stars Choose Chokers, Elongated Earrings at 2026 GrammysFrom cool-toned metal to ring stacks, Associate Editor Natalie Francisco highlights the jewelry trends she spotted at the Grammy Awards.
CollectionsFeb 02, 2026
2026 Winter Olympic Medal Design Symbolizes UnityThe medals feature a split-texture design highlighting the fact that the 2026 Olympics are taking place in two different cities.
SurveysJan 30, 2026
These Are the Top Brands of 2026, Says YouGovFrom tech platforms to candy companies, here’s how some of the highest-ranking brands earned their spot on the list.
CollectionsJan 30, 2026
Follow the Beat With Etiq’s ‘Khol’ RingThe “Khol” ring, our Piece of the Week, transforms the traditional Indian Khol drum into playful jewelry through hand-carved lapis.
MajorsJan 30, 2026
Arch Crown’s 2026 ‘Tag & Label’ Catalog Is HereThe catalog includes more than 100 styles of stock, pre-printed, and custom tags and labels, as well as bar code technology products.
CollectionsJan 29, 2026
Ghirardelli’s ‘Chocolocket’ Returns for Valentine’s DayThe chocolatier is bringing back its chocolate-inspired locket, offering sets of two to celebrate “perfect pairs.”
AuctionsJan 29, 2026
These Were Bonhams’ Top 10 Jewelry Lots in 2025The top lot of the year was a 1930s Cartier tiara owned by Nancy, Viscountess Astor, which sold for $1.2 million in London last summer.
SourcingJan 29, 2026
Stuller Website to Mark AGTA-Sourced GemstonesAny gemstones on Stuller.com that were sourced by an AGTA vendor member will now bear the association’s logo.
WatchesJan 29, 2026
Audemars Piguet Opens AP House in AtlantaThe Swiss watchmaker has brought its latest immersive boutique to Atlanta, a city it described as “an epicenter of music and storytelling.”
SourcingJan 28, 2026
Ethical Gem Fair to Debut Designer Showcase in TucsonThe new addition will feature finished jewelry created using “consciously sourced” gemstones.
