Provence & Côte d’Azur: Lloyd's of London was the insurer of De Beers' Millennium Star, a 203-carat diamond that was the target of a foiled robbery in 2000
A diamond reward
“A reward of up to 1,000,000 euros pro rata is offered to the first person who provides information which leads to the recovery of the goods,” says the supposed statement, which is due to be officially published today according to AFP. “The offer is subject to certain conditions.”
Following the robbery, Lloyd’s of London released a report that highlighted the risks of exhibiting and insuring high value diamonds.
“Bringing gems to be viewed at exhibitions is an important way for jewellers to get exposure,” said the report. “However, it also leaves their goods more vulnerable to theft. Unlike large masterpieces, precious gems and items of jewellery are typically small and easy to hide once they have been stolen.”
Lloyd’s of London has been a long time insurer of expensive and famous diamonds. In 2000, the company was the insurer behind the De Beers’ Millennium Star, the world’s sixth largest diamond, which was being displayed in London’s Millennium Dome (now the O2 Arena) at the time. The 203-carat jewel was the focus of a robbery plot in 2000 that was foiled by police in the run up to the attempt.
The brazen theft from the Carlton Hotel on Cannes’ famous La Croisette is set to go down in history as the largest ever diamond robbery if its 103 million euro estimation continues to stand.
Since the Cannes Film Festival earlier this year, a number of high profile robberies have rocked the Côte d’Azur, raising concerns about the level of security in the region.
On 6th August, France’s Interior Minister Manuel Valls visited the city to address the issue. “Cannes, and the Côte d’Azur as a whole, is a well known and prestigious tourism destination,” said Valls. “Cannes has one of the most prominent reputations in France and therefore the security of local retailers, residents and tourists is a priority.”
Valls commended the launch of the Comité Croisette, saying that the association created “a space for the exchange of information and ideas”. The group takes its inspiration from the Parisian Comité Vendôme, an elite version of a neighbourhood watch formed in 1936 by members of the luxury industry. The Comité Cannes will support local police forces in protecting property and people on La Croisette.