A jeweller in the Bhuleshwar area of South Mumbai arrived at his shop in the early hours of 14 Jan 2022 to find the doors open and 17.5 kg of gold ornaments missing!
On investigation, the police found that the robbers had taken more than the ₹8.19 crore worth of gold accessories - they had also taken the shop CCTV’s DVR.
While this made finding the culprits trickier, the police were able to identify them with the help of a nearby CCTV camera. Turned out that one of the shop’s staff along with 3 other accomplices had carried out the theft.
The police sent 6 separate teams to Uttar Pradesh, Rajasthan, and Gujarat which led to 10 people being arrested in connection with the robbery. Parts of the loot were found buried in a field.
The police were able to recover 89% of the stolen gold. However, even if they didn’t the jeweller could have offset his losses with the help of a Jeweller’s block policy!
A Jeweller’s Block policy is specifically designed to protect the interests of jewellers. This insurance covers loss or damage to assets like jewellery, gold and silver ornaments, plates , pearls, precious stones, cash and currency notes.
These are protected against the risks of fire, lightning, burglary, house breaking, theft, hold up, robbery, riots, strikes, malicious damage and even terrorism.
In addition to the above, this policy also provides optional coverage for damage to ornaments stored in the custody of the jeweller or their representative, or whilst it is in transit via post or air freight.
A Jeweller’s Block policy is indispensable for such shops and comes in handy in the event of theft or robbery.
Enjoyed this piece? Read about how another shop in Ghansoli Mumbai was similarly robbed