"Two men apprehended by French authorities this weekend as they attempted to flee the country have "partially" admitted involvement in a spectacular 88 million ($102 million) jewelry robbery at the Louvre Museum on Sunday, October 19, Paris prosecutor Laure Beccuau said on Wednesday. Speaking at a news conference, Beccuau said the men faced preliminary charges of theft committed by an organized gang and criminal conspiracy."
"In their race against time, authorities fear the stolen jewelry, which included Napoleonic crowns, brooches and necklaces, has likely been broken apart, smelted down, and the thousands of gemstones and diamonds in them recut to hide their historic provenance. Their destruction would be an obvious loss for the French nation and its people, but also for the museum, even more so considering the jewels were not privately insured due to their extreme value, meaning the Louvre will not receive an insurance payout."
Two men partially admitted involvement in the €88 million ($102 million) jewelry robbery at the Louvre on Sunday, October 19, and face preliminary charges of theft committed by an organized gang and criminal conspiracy. The suspects were arrested as they attempted to flee—one at Charles de Gaulle Airport and one in Seine-Saint-Denis—and were taken into custody while prosecutors decide whether to charge, release, or seek a court extension beyond 96 hours. At least two perpetrators remain at large and the stolen items, including Napoleonic crowns, brooches and necklaces, have not been recovered. Authorities fear the jewels have been broken apart, smelted down and gemstones recut to hide provenance. The treasures were not privately insured because of their extreme value, so the Louvre will receive no insurance payout. Paris police said the museum's analog security system was outdated, did not allow real-time imagery sharing, and had its operating authorization expire in July due to a clerical error.
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