
louvre admits stolen jewels are not insured art basel ubs collecting report shows growing influence of women and gen z and more morning links for october 23 2025 1234758550
The Louvre has admitted that jewels stolen from its collection in a daylight smash-and-grab robbery on Sunday are not privately insured, leaving the French state liable for the full $102 million loss if the items are not recovered. The heist targeted jewels once owned by Emperor Napoleon III and Empress Eugénie, and a leaked audit revealed the museum's security systems were "outdated and inadequate." French officials have struggled to track the thieves, and the culture ministry confirmed that the state acts as its own insurer for works in their usual place of conservation, meaning no reimbursement will be made if the jewels remain missing.























