Fifth jewellery robbery in Madrid in a month, this time with assault rifles

A fifth jewellery store in Madrid has been robbed in a month, the latest by gunmen with assault rifles. Who is arming the gangs? The economic cost of insecurity is driving up alarm systems.

English · Original discussion in Spanish · Published

Madrid sees five jewellery robberies in a month, the latest with assault rifles

A video circulating on social media shows three hooded men storming a jewellery store in Torrelodones with assault rifles. Not knives or starter pistols: this is the fifth jewellery robbery in the Madrid region in barely thirty days. The armed escalation is ringing alarm bells across the sector, which is already counting losses in the millions from insurance premiums and private security.

A qualitative leap in weaponry

Until recently, jewellery robberies were carried out with knives or blank-firing pistols. The use of assault rifles — the same model used by armies — points to a worrying level of professionalism. According to police sources, the Torrelodones heist lasted less than two minutes, and the robbers fired at least one burst at the ceiling to deter security guards.

Who is supplying the weapons?

While police investigate the origin of the weapons, an uncomfortable hypothesis has gained traction in public debate: that part of the arsenal circulating on Spanish streets comes from surplus weapons from the war in Ukraine. There is no conclusive proof, but the timing and the type of rifles fuel the suspicion. Others point to weak border controls, although the flow of weapons from Eastern Europe has already been documented in Europol reports.

The economic cost of insecurity

Each robbery, on top of the loot itself, brings an increase in insurance premiums that can range from 20% to 40% a year. The affected jewellers — some in affluent areas such as Pozuelo and Torrelodones — have already announced they will step up their security with armed guards. Spending on private security in Madrid's jewellery sector could exceed €50 million this year if the trend is not reversed.

The unanswered question is who is behind the supply chain for these weapons of war. In the meantime, the police themselves have had to adapt their protocols: a special unit — some are already calling it the "MadridBOPE" — has been deployed in the north-west of the region to try to stop the spree. But with five robberies in a month and assault rifles involved, the room for manoeuvre is shrinking.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (15 replies).

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