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Business

Burglars tunnel by way of concrete wall into LA jewellery retailer

Editorial Board
Editorial Board Published April 16, 2025
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Burglars tunnel by way of concrete wall into LA jewellery retailer
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Burglars tunnel by way of concrete wall into LA jewellery retailer

Burglars tunneled by way of a concrete wall to realize entry to a Los Angeles jewellery retailer, making off with at the least $10 million price of watches, pendants, gold chains and different merchandise, police mentioned.

The heist occurred round 9:30 p.m. Sunday at Love Jewels on Broadway within the coronary heart of downtown’s jewellery district, based on Officer David Cuellar with the LA Police Division.

Investigators have been reviewing safety digital camera footage that reveals the suspects getting into the shop from a big gap they drilled from the property subsequent door, he mentioned.

“They tunneled through multiple levels of concrete into the target location,” Cuellar mentioned Tuesday.

An unknown variety of suspects fled by way of the identical gap and drove off in a late mannequin Chevy truck, he mentioned. The heist wasn’t found till retailer staff arrived for work Monday morning.

Preliminary estimates are that $10 million price of merchandise was stolen, Cuellar mentioned, including that the quantity may change. The proprietor advised The Related Press the loss was round $20 million, and that they didn’t have insurance coverage. No alarms went off and the feed to their in-store safety cameras have been lower.

On the retailer on Tuesday, employees lined up the outlet within the wall with a steel plate, repaired different injury and cleaned up overturned show instances and discarded packing containers. Two massive safes have been damaged into, containing all of the merchandise they’d within the retailer.

Prospects and pals stopped by to supply sympathy, with some even asking to buy objects.

Love Jewels’ web site advertises objects like a 14 karat yellow gold rope chain for $1,200, heart-shaped gold earrings for $200 and a gold cross pendant for $550. Movies on the shop’s social media reveals glass instances stuffed with rings, watches and necklaces.

Detectives examined the scene for fingerprints and DNA, police mentioned.

This story was initially featured on Fortune.com

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