What does it mean that the French state was its own insurer for the jewels? How do stolen jewels enter the black market? Why are art thefts on the rise in Europe?
The crown jewels that were stolen from the Louvre in Paris last month have been valued at 88 million euros (about $103 million). It was a brazen daylight raid on the world’s most famous museum. Several suspects have since been arrested, but the jewels have not been recovered.
The crown jewels that were stolen from the Louvre in Paris last month have been valued at 88 million euros (about $103 million). It was a brazen daylight raid on the world’s most famous museum. Several suspects have since been arrested, but the jewels have not been recovered.
What does it mean that the French state was its own insurer for the jewels? How do stolen jewels enter the black market? Why are art thefts on the rise in Europe?
Those are just a few of the questions that came up in my recent conversation with FP economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity. For the full conversation, look for Ones and Tooze wherever you get your podcasts. And check out Adam’s Substack newsletter.
Cameron Abadi: The French state is said to be its own insurer for the jewels stolen from the Louvre.
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