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

In her first column for National Jeweler, Jennifer Shaheen asks jewelers if they know how to connect with the next generation of consumers.

The annual awards cover tuition for an on-site educational course at the Swiss lab, as well as flights and lodging.

The jeweler partnered with the Tennessee resort to honor its 50th anniversary with limited-edition blackberry pendants and earrings.

Submit your pieces for a chance to win in this year's competition.

The third-generation jeweler shared how the North Carolina retailer is celebrating this milestone and the love story that started it all.


The class, led by renowned metalsmith Cynthia Eid, highlighted Argentium silver as an alternative to gold amid high prices.

The show is slated for Oct. 16-19 at the Miami Beach Convention Center.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The “Empresses” capsule uses 19th-century medals depicting Napoleon, Joséphine, and Marie-Louise across five one-of-a-kind pieces.

The retailers at the top of the list offer affordable products and fun, discovery-fueled experiences.

Daniel Bing was formerly the marketing director for the Americas at Vacheron Constantin.

In our Piece of the Week, the designers reimagine the tennis bracelet with green enamel wrapped around a strand of “Desert Diamonds.”

The industry veterans join the podcast to discuss diamond marketing, the FTC Jewelry Guides, and lobbying for lower tariffs.

Founder Vik Westermann said the app is a “starting point” to inspire people to work with appraisers and gem labs, not replace them.

The Verdura brooch, which belonged to the late Virginia Fortune Ryan Ogilvy, was sold to a private collector in Asia.

The five students were awarded a total of $10,000 through the nonprofit’s 2026 “Future of Jewelry Making” scholarship.

Steven Lerche is now beginning his term as the youngest member to become president of The Plumb Club’s elected executive committee.

Murphy will retire at the end of the year and Alexander, currently the company’s president, will take over at the start of 2027.

The jeweler is encouraging customers who own lookalike rings to come into the store and trade them for credit towards an authentic piece.

The new campaign, “You Are The Occasion,” discourages shoppers from saving their fine jewelry for special occasions only.

Mehta led India’s GJEPC through the 2008 financial crisis and was respected worldwide for his wisdom, integrity, and knowledge.

In a new column, Peter Smith posits that people actually enjoy putting together IKEA furniture, and the same is true for engagement rings.

9lakha Jewelers in Iselin, New Jersey, was the target of a smash-and-grab robbery on Aug. 8.

The jeweler has partnered with 818 Tequila to gift lab-grown diamond studs to a bride-to-be and their bridal party.

The exhibition will feature more than 100 drawings of stained-glass lampshades, windows, and more, many created by women and émigrés.

Marquise-cut diamonds in drop charms are the center of the new collection, reflecting the movement of a dancer in modular styles.

The inaugural Fort Lauderdale Jewelry, Antique, & Object Show will be held from Jan. 28 through Feb. 1, 2027.
























