London Heist Update

August 9, 2021
London Heist Update

This was an audacious theft, carried out in plain view of experienced and professional staff at a renowned jewelers.

Detective Sgt. William Man at London’s Metropolitan Police Service on a historic jewelry heist in London, as another sentence for the crime was handed out.
  • Lulu Lakatos posed as a gem expert in a 2016 London heist, switching pebbles for $5.7 million worth of jewels from a luxury store.
  • She was sentenced to prison on July 28, 2021 (more than 5 years after the heist took place). She received a 5 1/2 year sentence.
  • Three people have been sentenced to prison in conjunction with the crime. However, the gems have not been recovered.
  • A team of men and women performed the elaborate heist in London in March 2016.
  • The group was part of an international gang and consisted of "highly skilled criminals" who posed as wealthy Russian investors looking to purchase gems.
  • The gems were stolen when the team brought in Lakatos, who posed as a gem expert. She inspected the gems, then used a distraction to swap the bag of diamonds for an identical bag of pebbles. She exited the store and was not arrested until December 2020.

Why it matters: Prosecutors have identified the crime as the highest-value theft offense "of its kind" that has been committed in the UK – and the crime is still not fully solved.

For the London Police Department's full rundown of the heist, click here

by Jenna Lee,