London jewel heist nets daring thieves $300 million


Fortune

This article is published in partnership with Time.com. The original version can be found here.

By Helen Regan @hcregan

A crack team of thieves broke into a vault in central London’s gem district over the weekend and raided up to 70 safety deposit boxes, making off with a staggering fortune in jewels, cash and other heirlooms.

Though police have not confirmed the value of the haul, the former chief of the Flying Squad (a London police branch that specializes in organized crime) Roy Ramm estimates the jewelry stolen during the heist could be worth as much as $300 million, reports the BBC.

Users of the safety deposit boxes at Hatton Garden Safe Deposit Ltd. still do not know if they are among the victims, as police continue to forensically examine the scene.

One local jeweler, Michael Miller said he “felt sick” at the prospect of losing up to…

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