A Calgary jewelry store owner is reeling from a devastating loss after a late-night smash-and-grab robbery. The soaring price of gold has made the precious metal a lucrative target for thieves, and Jami Hughes, owner of Treasure Mountain, recently fell victim to such a crime. The theft, caught on security camera, involved a person using bolt cutters to smash the front door and enter the store with an accomplice. The thieves made a beeline for a large glass display case, stealing a kilo of gold rings, pendant necklaces, and brooches, among other items. The total value of the stolen gold jewelry is estimated between $140,000 and $200,000. Hughes believes the thieves had prior knowledge of the store's layout and the items they intended to steal. The incident has left Hughes feeling unsafe, and she is now considering selling off her remaining jewelry and closing the store permanently. The price of gold has been on a steady rise, with a 55% increase in 2025 and predictions of further growth in 2026. This economic uncertainty has led many investors to view gold as a safe haven for their money.
