Friday, April 10, 2015

Unprecedented Easter Weekend Several Hundred Million Dollars Bank Heist, Mazed in the Underworld of London's Jewellery Quarter

""There is a complex and hidden geography to the jewellery quarter of Hatton Garden, unknown even to those who have been working there for decades, that is sure to receive more attention since it became the scene of the biggest heist recorded in British history.

A labyrinthine network of subterranean spaces exists deep below the area: abandoned railway platforms buried far underground, decommissioned bunkers, ancient passageways rumoured to be built by the monks of Ely, and the remains of London’s second-largest river – the Fleet, which still flows through Joseph Bazalgette’s sewers underneath Farringdon Road.

“It amazes me the place doesn’t cave in,” said Mitzy, a former ring-maker from Hatton Garden. “With the weight of gold and heavy metal above and all those ancient, watery passageways honeycombing the ground underneath.”

Just above these underground spaces there is another level of concealed rooms – heavily guarded underground vaults filled with safety deposit boxes and stores of gold and silver; workshops lined with steel where specialist items are painstakingly made to order by master craftsmen; secure basements where goldsmiths work using methods and tools that are centuries-old; small locked rooms where precious-gem dealers operate and Hasidic diamond merchants sit examining glittering stones; as well as state-of-the-art offices with the latest hi-tech equipment and security systems.

On Hatton Garden itself there are over 60 retail jewellery shops. There are hundreds of other small workshops and offices dotted around the area. These places can only be accessed by those in the trade. Dark stairwells lead to tiny rooms above. Security to get into these places is tight. If you are recognised on the CCTV monitor, the first of three steel doors might open; each has to lock shut before the next can be accessed.
Inside these rooms, deals are still often sealed with a handshake and the Yiddish words “Mazel und broche” (luck and blessing). This is the way business has taken place in Hatton Garden for over a century. It is a hidden world that operates according to unspoken laws based on trust.

There is a village atmosphere within “the Garden”. Everyone knows each other within this tight-knit community, still reeling from the news of the recent robbery – particularly as this is not the first time a major heist has taken place at the safety deposit premises on Hatton Garden.

In 2003 diamonds and jewels worth over £1.5m were stolen from there. At first this theft appeared to have been conducted by a Jewish diamond dealer. The imposter, who went by the names of Goldberg and Ruben, spent months integrating himself into the Orthodox Jewish diamond community, opening up safe-deposit boxes, acting like the other dealers, slowly gaining their trust until they began to deal with him, buying and selling stones.

One Saturday this man entered the building and CCTV footage shows him leaving the vault shortly afterwards, carrying a black holdall. The robbery was not discovered until the Monday morning when a customer found his strongbox glued shut.

Alongside many other hidden security measures, a network of constant electronic contact exists now between the guards, the shops, the trading floors, vaults and workshops. Anyone or anything that looks out of place and everyone in the Garden will know about it in seconds. 

One of the elderly dealers I spoke to, who did not want to be named, told me: “Things have changed so much already and now security will become much tighter again.” He remembered a different time, before the war, when diamond deals would be conducted openly on street corners or across tables in the many little kosher caf├ęs that once existed in the area. “That would never happen now.”

He was concerned about the small craftsmen still working in the area, people like Mitzy who operated from a dusty attic room near Clerkenwell Green. My father remembers visiting his workshop before he died: “It was at the top of a steep flight of stairs and very run down. You could barely move in there because there was stuff everywhere: files, papers, boxes, rolls of gold thread, tools.""

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