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Thieves steal gold worth nearly ISK 30 million from Mjódd shop

Monday 9th November 2026 on 17:01 in Iceland

burglary, crime, Iceland

Two men stole gold worth an estimated ISK 30 million from the Gullsmiðinn jewellery shop in Mjódd overnight, mbl.is reports. The shop’s owner said the break-in appeared to be carefully planned.

Owner Jón Tryggvi Þórsson said he was alerted at 6am after a man making his morning rounds in the area noticed a broken window and called him and the police. When he arrived at about 6.30am, the shop had been ransacked and all the gold that could be taken was gone.

The value of the stolen items is still being assessed, but Jón Tryggvi estimated it was close to ISK 30 million. He said the timing was particularly difficult, as sales at the shop usually double in the weeks before Christmas.

Security camera footage shows two men entering the shop. They crawled in through the front after breaking part of the interior, avoiding a sensor, Jón Tryggvi said. He described the break-in as highly organised and said the men took only gold, which they appeared to know was the most valuable stock.

The men first entered around midnight and left, then returned, possibly twice. They were last seen at about 1.30am. Police arrived that morning, and the shop is sending them its footage while investigators seek recordings from other cameras in the area that might show the men’s car.

Jón Tryggvi said the car appeared to have been parked somewhere outside the reach of the cameras. He also said he was frustrated that the security system he pays for had not worked as intended.

Source 
(via mbl.is)