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Home Featured

Louvre heist losses estimated at 88 million euros

The African Portal by The African Portal
October 26, 2025
in Featured, Global News
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A tiara adorned with pearls worn by French Empress Eugénie, which was among the items stolen by thieves during a heist at Paris' Louvre Museum on October 19, 2025, on display in this undated still frame from a video. © Louvre Museum via Reuters

A tiara adorned with pearls worn by French Empress Eugénie, which was among the items stolen by thieves during a heist at Paris' Louvre Museum on October 19, 2025, on display in this undated still frame from a video. © Louvre Museum via Reuters

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PARIS, Oct 26 (The African Portal) – A French prosecutor on Tuesday said that the financial damage from the audacious Louvre heist was estimated at 88 million euros ($102 million) after thieves made off with priceless royal jewels.

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Some 60 investigators are hunting for the group that committed the daring daylight robbery.

Paris prosecutor Laure Beccuau told broadcaster RTL the museum’s curator had estimated the losses at that amount but the thieves would not earn the equivalent if they had “the very bad idea of melting down these jewels”. The theft is the latest from French museums in recent months, and has left authorities scrambling to increase protection measures. ‘Worrying level of obsolescence’

The heist has reignited a row over the lack of security in French museums, after two other institutions were hit last month.

A report by France’s Court of Auditors seen by AFP covering 2019 to 2024 points to a “persistent” delay in security upgrades at the Louvre. Only a fourth of one wing was covered by video surveillance.

In January, Louvre president Laurence des Cars warned Culture Minister Rachida Dati of a “worrying level of obsolescence”, citing the urgent need for major renovations.

Interior Minister Laurent Nunez on Monday said he would tighten security outside cultural institutions.

In Sunday’s heist, thieves parked a truck with an extendable ladder, like those used by movers, below the museum’s Apollo Gallery shortly after it opened, climbing up and using cutting equipment to get through a window and open the display cases to steal the jewellery.

They made off with eight priceless pieces, including an emerald-and-diamond necklace that Napoleon I gave his wife, Empress Marie-Louise and a diadem that once belonged to the Empress Eugénie, which is dotted with nearly 2,000 diamonds.

The museum on Tuesday hit back at criticism that the display cases protecting the jewellery were fragile, saying they were installed in 2019 and “represented a considerable improvement in terms of security”.

Thieves last month stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at $7.6 million.

“Museums are increasingly targeted for the valuable works they hold,” according to the Central Office for the Fight against Trafficking in Cultural Property.

Labour unions have complained that security staff positions at the Louvre have been cut, even as attendance at the world-famous museum, whose extensive collections include the Mona Lisa, has soared.

“We cannot do without physical surveillance,” a union official said.

The Louvre was shut per its usual schedule on Tuesday, having been closed on Sunday and Monday after the heist, leaving crowds of disappointed tourists.In a separate case, a prosecutor said on Tuesday that a Chinese woman had been charged over taking part in the theft of more than $1 million worth of gold nuggets from another Paris museum last month.

Scores of investigators were still looking for Sunday’s culprits, working on the theory that it was an organised crime group that clambered up a ladder on a truck to break into the museum, then dropped a diamond-studded crown as they fled.

Beccuau confirmed that four people were involved in Sunday’s robbery and said authorities were analysing fingerprints found at the scene.

Detectives were scouring video camera footage from around the Louvre as well as of main highways out of Paris for signs of the four robbers, who escaped on scooters.

Credit: France24

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