Headlines

Robbers Take Jewelry Worth $4.8M in Ritz Hotel Heist

Published

7 years ago

January 11, 2018

INSTORE Staff

3 men were captured; 2 others are at large.

Jewelry thieves wielding hatchets stole millions of dollars worth of jewlry from the Ritz hotel in Paris, Agence France Presse reported.

Five men are believed to have been involved. Three have been taken into custody, while two others remain at large, police said.

At about 6:30 p.m. local time, the thieves broke windows at the hotel and took “several million euros” worth of jewelry, which amounts to several million dollars worth. CNN reports that the figure is thought to be at least $4.8 million.

The jewelry cases were located on the ground floor. AFP quoted a police source saying that “world-famous jewelers display their jewelry at the Ritz.”

The two men who escaped got away with the jewels, CNN reported. They reportedly fled by scooter.

Read more at AFP

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”