Necklace and earrings from the emerald set of Napoleon's second wife Empress Marie-Louise shown at the Louvre Museum on May 20, 2021.
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The Paris prosecutor spearheading the investigation into the audacious Louvre heist has revealed that the stolen crown jewels hold an estimated value of 88 million euros ($157 million). However, this figure does not encapsulate their immense historical significance to France.

Prosecutor Laure Beccuau disclosed today that around 100 investigators are now dedicated to tracking down both the perpetrators and the priceless gems following Sunday’s daring theft from the iconic museum, known as the world’s most frequented cultural institution.

In a conversation with RTL, Beccuau remarked, “The culprits won’t see 88 million euros if they make the grave mistake of dismantling these jewels.” She expressed hope that those responsible might reconsider and refrain from destroying these irreplaceable artifacts without any clear motive.

Necklace and earrings from the emerald set of Napoleon's second wife Empress Marie-Louise shown at the Louvre Museum on May 20, 2021.
Necklace and earrings from the emerald set of Napoleon’s second wife Empress Marie-Louise shown at the Louvre Museum on May 20, 2021. (Maeva Destombes/Hans Lucas/AFP/Getty Images)

Adding to the complexity of the situation, the French government confirmed that these valuable items were not protected by private insurance, amplifying concerns over their recovery and preservation.

The French government has confirmed the precious objects were not covered by private insurance.

Typically, museum collections in France are considered state property and are only insured when being transported to another facility.

France’s culture minister said that the security apparatus installed at the Louvre worked properly during the theft.

Questions have arisen about the Louvre security — and whether security cameras might have failed — after thieves rode a basket lift up the Louvre’s facade, forced a window, smashed display cases and fled with priceless Napoleonic jewels on Sunday morning.

“The Louvre museum’s security apparatus did not fail, that is a fact,” the minister, Rachida Dati, told lawmakers in the National Assembly.

“The Louvre museum’s security apparatus worked.”

Empress Eugénie's crown is displayed at the Apollo Gallery in the Louvre museum in Paris on January 14, 2020.
Empress EugĂ©nie’s crown on display at the Apollo Gallery in the Louvre museum. (Stephane De Sakutin/AF/Getty Images)

Dati said she launched an administrative inquiry that comes in addition to a police investigation to ensure full transparency into what happened.

She did not offer any details about how the thieves managed to carry out their heist given that the cameras were working.

But she described it as a painful blow for the nation.

The robbery was “a wound for all of us,” she said.

“Why? Because the Louvre is far more than the world’s largest museum. It’s a showcase for our French culture and our shared patrimony.”

Interior Minister Laurent Nuñez said on Monday that the museum’s alarm was triggered when the window of the Apollo Gallery was forced.

Police officers arrived on site two or three minutes after they were called by an individual that witnessed the scene, he said on LCI television.

Officials said the heist lasted less than eight minutes in total, including less than four minutes inside the Louvre.

Soldiers patrol outside the closed Louvre after the robbery. (AP)

Nuñez did not disclose details about video surveillance cameras that may have filmed the thieves around and in the museum pending a police investigation.

“There are cameras all around the Louvre,” he said.

Sunday’s theft focused on the gilded Apollo Gallery, where the Crown Diamonds are displayed.

Alarms brought Louvre agents to the room, forcing the intruders to bolt, but the robbery was already over.

Eight objects were taken, according to officials: a sapphire diadem, necklace and single earring from a matching set linked to 19th-century French queens Marie-Amélie and Hortense; an emerald necklace and earrings from the matching set of Empress Marie-Louise, Napoleon Bonaparte’s second wife; a reliquary brooch; and Empress Eugénie’s diadem and her large corsage-bow brooch, a prized 19th-century imperial ensemble.

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