Burglars tunneled through a concrete wall to gain access to a Los Angeles jewelry store, making off with at least $10 million worth of watches, pendants, gold chains and other merchandise, police said.
The heist happened around 9:30 p.m. Sunday at Love Jewels on Broadway in the heart of downtown’s jewelry district, according to Officer David Cuellar with the LA Police Department.
Investigators were reviewing security camera footage that shows the suspects entering the store from a large hole they drilled from the property next door, he said.
“They tunneled through multiple levels of concrete into the target location,” Cuellar said Tuesday.
An unknown number of suspects fled through the same hole and drove off in a late model Chevy truck, he said. The heist wasn’t discovered until store employees arrived for work Monday morning.
Initial estimates are that $10 million worth of merchandise was stolen, Cuellar said, adding that the number could change. The owner told The Associated Press the loss was around $20 million, and that they did not have insurance. No alarms went off and the feed to their in-store security cameras were cut.
At the store on Tuesday, workers covered up the hole in the wall with a metal plate, repaired other damage and cleaned up overturned display cases and discarded boxes. Two large safes were broken into, containing all the merchandise they had in the store.
Customers and friends stopped by to offer sympathy, with some even asking to purchase items.
Love Jewels’ website advertises items like a 14 karat yellow gold rope chain for $1,200, heart-shaped gold earrings for $200 and a gold cross pendant for $550. Videos on the store’s social media shows glass cases filled with rings, watches and necklaces.
Detectives examined the scene for fingerprints and DNA, police said.