Toronto, ON (Nov. 5, 2025) – The recent jewelry heist at the Louvre Museum has captivated global attention, not only for the audacity of the thieves but for what it reveals about the vulnerabilities that still exist in even the most secure environments. For Canadian jewellers, the incident serves as a stark reminder that preparedness, vigilance, and adequate protection are more important than ever.
While such high-profile events may seem worlds away, the risks they highlight are strikingly relevant to the Canadian jewelry industry. From smash and grab robberies and transit thefts to employee dishonesty and underinsurance, jewellers face a complex and evolving threat landscape.
“The Louvre heist underscores one crucial truth, even the most fortified locations can be breached,” said Emily Newell, Underwriter at Jewelry Store Insurance. “For Canadian jewellers, this isn’t a story to observe; it’s a lesson to apply. The right security measures and insurance coverage can make the difference between recovery and ruin.”
Practical Lessons for Canadian Jewellers
- Reinforced Showcases and Windows
Today, anti-smash films and shatterproof glass are considered the industry norm. While even reinforced glass isn’t invincible an angle grinder could still penetrate it, such barriers can buy precious seconds and deter opportunistic thieves. Let’s just hope the robbers in Canada aren’t taking notes from Paris! - On-Site Security Presence
There’s no one-size-fits-all solution but having a physical security guard remains one of the most effective deterrents. Human presence continues to outmatch cameras when it comes to prevention. - Use of Replicas for High Value Displays
While the Louvre didn’t employ replicas, many museums and luxury retailers do. Displaying replicas of your highest value pieces reduces potential loss without compromising visual appeal, an especially prudent measure for storefronts in busy retail districts. - Adequate Insurance Coverage
The Louvre’s collection was self-insured, but for Canadian jewellers, that’s rarely an option. With gold prices at record highs, many stores are increasing their coverage limits to reflect true inventory value. Failure to declare updated figures can lead to underinsurance or, in some cases, policy cancellation if values are not properly reported.
Understanding the Modern Risk Landscape
Beyond physical security, Canadian jewellers must navigate risks such as:
- Organized theft rings targeting retail and exhibition sites
- Employee dishonesty or internal theft
- Loss or damage during transit or shipping
- Cyber threats, particularly for stores handling high-value transactions online
Traditional property policies often fall short of addressing these nuanced risks. Jewellers Block Insurance, a specialized coverage designed for precious metals, gemstones, and luxury watches, provides tailored protection for both on-site and in-transit exposures.
A Call for Proactive Risk Management
Security alone cannot eliminate risk but combining it with comprehensive, well-structured insurance creates true resilience.
“Insurance isn’t just about financial recovery after a loss,” added Newell. “It’s about foresight helping jewellers anticipate, prevent, and manage risks before they happen.”
About Jewelry Store Insurance (JSI)
Jewelry Store Insurance is Canada’s trusted Managing General Agent (MGA) specializing in Jewellers Block, Fine Art, and General Specie Insurance. With over two decades of underwriting experience, JSI partners with brokers nationwide to protect high value assets through tailored, comprehensive coverage solutions. For more information, visit jewelerystoreinsurance.ca.
Source: Jewelry Store Insurance (JSI)
Tags: theft, tips
