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Home News Gold stolen from watchmaker Rolex

Gold stolen from watchmaker Rolex

Published on 03/06/2010

Luxury Swiss watchmaker Rolex has been robbed of more than 15 kilograms of gold -- worth almost 15 million euros -- and a foundry worker has been taken into custody, a judicial official said Thursday.

Rolex, whose status-symbol wristwatches cost several thousand euros/dollars apiece, says the employee, a temp, admitted stealing five kilograms (11 pounds) of gold from the plant in Plan-les-Ouates, the official said.

The man’s lawyer Francois Canonica said he has been detained and charged with theft and breach of trust, the ATS news agency reported.

“Whether he should be blamed for the extra 10 kilos remains an open question,” said the lawyer.

“It appears that the security system put in place by Rolex — supposing it has one — has shown its limitations,” Canonica added.