Aug 07, 2013

    Lloyd's offers million-euro reward on stolen jewels

    LLOYD'S of London yesterday offered up to one million euros (S$1.7 million) for information leading to the recovery of jewels, worth an estimated 103 million euros, stolen from a Cannes hotel.

    "A reward of up to one million euros pro rata is offered to the first person who provides information which leads to recovery of the goods. Offer subject to certain conditions," the insurer said in a statement.

    On July 28, an armed man pulled off the heist in broad daylight at the luxury Carlton Hotel on the promenade of the French Riviera resort, in one of the world's biggest jewellery thefts.

    Brandishing a semi-automatic pistol, his head covered with a cloth, the robber stole jewels that were part of an exhibition by a group owned by Israeli billionaire Lev Leviev.

    The French authorities said he escaped with all kinds of jewellery, including rings, pendants and diamond-encrusted earrings.

    The exhibition was held in a wing of the hotel that has direct access to the street and police said they had not been informed of the exhibition.

    Lloyd's said: "Persons with specific information should contact SW Associates or send an e-mail to reward1millionE@"

    The heist was the biggest recorded in France and is on a par with a jewellery theft, valued at around 100 million euros, which took place in Belgium in 2003.

    While some of the Cannes stolen pieces that were worth millions of euros were insured, other jewels - worth between 20,000 and 40,000 euros - were not, a source said.