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.

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.
The Latest

The Indian jewelry brand recently opened stores in Atlanta and Seattle.

CEO Beth Gerstein shared its most popular price points, what’s trending in non-bridal fine jewelry, and its holiday performance.

The 15 pieces were crafted from the “Insofu” emerald, discovered in Zambia in 2010.

Supplier Spotlight Sponsored by GIA

Chris Anderson is joining the insurance provider as the new chief financial officer and treasurer.


Jewelers of America is distributing a brochure for retailers to use when discussing the differences between natural and lab-grown diamonds.

The industry is changing as it grapples with new realities around distribution, supply, and the need for consistent, effective marketing.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Bhansali discusses the potential impact of U.S. tariffs, demand for diamonds by market, and the “cautious confidence” in India right now.

As lab-grown diamond brands pop up across India, academics are researching how to grow demand outside of the jewelry industry.

Govind Dholakia and Tanishq will be recognized for their contributions to the industry at the Diamonds Do Good Awards in Las Vegas.

The New York City-based brand has opened its first U.K. location with a permanent shop-in-shop at Liberty in London.

A metal detectorist discovered the ring that is believed to have belonged to a bishop in the late 12th to early 13th century.

Organizers looked to new partnerships and interactive experiences to enhance the spring show, set for March 16 to 18.

Kenewendo, Botswana’s minister of minerals and energy, will discuss the future of diamonds.

Ahead of the Gem Awards on Friday, Jen Cullen Williams and Duvall O’Steen share pro tips for taking the best photos.

Founded in 2000, Marco Bicego is commemorating its milestone anniversary with a “25 Best” collection and campaigns honoring its heritage.

Those attending the company’s upcoming Zoom workshop will receive early access to “The List,” its new resource for finding buyers.

The organization will present an award to Amy-Elise Signeavsky, law enforcement and diamond recovery manager at GIA.

Chandler started his jewelry career at Michelson Jewelers, joining the Diamond Council of America as president and CEO in 2001.

Scottish American designer Maeve Gillies collaborated with Platinum Guild International on jewelry created by direct metal 3D printing.

Ahead of its trade show in May, TJS awarded free registration and accommodations to five up-and-coming jewelry industry professionals.

The 2025 Gem Awards are set to take place Friday at Cipriani 42nd Street in New York City.

The annual star-studded campaign for International Women’s Day encourages collective action against domestic violence.

The statement piece is seen in Yeprem’s new “You Play the Game” campaign, created for International Women’s Day.

Longtime employee Kyle Slosson has been promoted to the role.

First-generation jewelers Dan and Hope Wixon are retiring and will close their Minneapolis-area jewelry store in May.