Monaco bombing: Prince Albert II releases statement as victims named among Ukraine’s wealthiest

Prince Albert II issued a statement on Monday night condemning the explosion that struck a residential building in Monaco as a “criminal explosion” and “a heinous crime”, as authorities confirmed three people were injured, two critically, in what officials described as the first attack of its kind in the Principality’s history. The Prince was attending the inauguration of a ‘Monaco’ district at the Europa Park theme park in Germany when the explosion occurred, and cut short his trip to return home.

In his statement, released by the Palais Princier, Prince Albert II said the explosion had come as “a shock to the entire Monégasque community.” He continued: “My thoughts go first to the victims, their loved ones and the residents directly affected by this heinous act. Princess Charlene, my family and I wish to express our compassion and unwavering support.”

The Prince praised the response of Monaco’s public security forces, saying they had “managed the situation with rigour and composure” and ensured the rapid care of victims and the securing of the scene, while confirming that all relevant state services were mobilised under the authority of the government, working closely with French authorities. “We trust them to establish the circumstances of this tragedy as quickly as possible, identify those responsible, and provide all the answers required, at every level,” he said.

He closed with a message of resolve: “More than ever, the Principality of Monaco will remain united and determined in the face of violence and crime. The security of our community has always been a priority; it will remain so more than ever, whatever the threats.”

What happened

The explosion struck a residential building on rue Révérend-Père-Louis-Frolla at around 9pm on Monday, close to Monaco’s border with France. According to Monaco’s general prosecutor, Stéphane Thibault, the explosive device had been placed in a bag or parcel left in the building’s entrance hall by an individual caught on CCTV before he fled on foot towards Beausoleil, on the French side of the border. The suspect remains at large.

The three people injured are reported to be members of the same Ukrainian family: a couple in their fifties or sixties, both in critical condition, and a 13-year-old believed to be related to them, who sustained lighter injuries.

According to multiple media reports, one of the victims is Vadim Ermolaev, a Ukrainian businessman ranked among the country’s wealthiest individuals by Forbes, with his wife and son believed to be the other two injured. The two adults were taken to the CHU Pasteur hospital in Nice, while the teenager was transferred to the Lenval children’s hospital. Four other people were also treated by emergency responders, including one person in shock and several with cuts caused by shattered glass.

This is a developing story and will be updated as more information becomes available.

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Wannenes brings rare jewels, watches and Hermès bags to Monte Carlo for summer auctions

Auction house Wannenes will hold three sales in Monte Carlo on 6th and 7th July, bringing fine jewellery, luxury watches and designer handbags to the Hôtel Métropole, with pieces by Van Cleef & Arpels, Cartier, Bvlgari, Patek Philippe, Rolex and Hermès among the highlights. Ahead of the sales, Monaco Life spoke with Teresa Scarlata, Head of the Jewellery Department and Director of the Monte Carlo office, who shared a preview of what collectors can expect.

The jewellery auction on 6th July brings together signed pieces from the 19th century to the present day, including lots by Mellerio dits Meller, Ravasco, Van Cleef & Arpels, Cartier, Bvlgari, Buccellati and Boucheron, alongside a substantial collection of 19th-century snuff boxes in semi-precious stones and micro-mosaics.

Among the standout lots is a platinum ring set with an unheated Burmese ruby of close to 6 carats, accompanied by an SSEF certificate, and a gold ring featuring a 16.42-carat octagonal-cut sapphire from Ceylon, also untreated. A pair of Van Cleef & Arpels clip-on earrings, set with two large untreated sapphires from Ceylon and Burma, carries an estimate of €70,000 to €90,000. Elsewhere, a long Bvlgari gold chain from the Monete collection, set with seven coins depicting the Roman emperor Maximian Herculeus, is estimated at €65,000 to €85,000, while a 1930s gold, platinum and diamond bracelet attributed to the architect-jeweller Ravasco, its design echoing Milanese lace, carries an estimate of €35,000 to €45,000.

Teresa Scarlata, Head of the Jewellery Department and Director of Wannenes, Monte Carlo

“Buyers are now much more selective and seek out the rarest and most distinctive items, which is why we take great care in selecting the lots we offer for auction,” Teresa Scarlata said. “Jewellery, watches and even handbags are now regarded as alternative investment assets that retain their value over the years. We can say that quality must be the cornerstone of our catalogues.”

Hermès handbags and a one-of-a-kind Gucci trunk

The ‘Sacs de Luxe’ sale brings together a private European collection of Hermès handbags, accessories and scarves, including Kelly and Birkin models in sought-after colours and leathers. A Birkin 35 in white Togo leather from 2004 is estimated at €7,000 to €11,000, and a Birkin 35 Crinoline from 2005, in burgundy leather and striped canvas, carries an estimate of €8,000 to €10,000.

The sale also features an ebony-coloured leather trunk by Gucci, created specifically for a member of an Arab royal family. “This item is virtually unique in the world and in mint condition,” Scarlata said. “It is a sale featuring carefully selected, high-quality items.”

The watch sale takes place on 7th July

A watch sale built for collectors of every taste

The watch auction on 7th July spans the world’s most prestigious names, including Rolex, Audemars Piguet, Patek Philippe, Vacheron Constantin, de Bethune and Urwerk. “Here, too, we can find some interesting pieces to suit a wide range of tastes,” Scarlata said, pointing to the Audemars Piguet Royal Oak ‘City of Sails’ in titanium, one of a limited edition of 300 made for the Swiss team competing in the 2000 America’s Cup in Auckland, as a particular standout. Also on offer is a Harry Winston Opus V, numbered 17 of 45, in rose gold, estimated at €40,000 to €60,000, and two examples of the Urwerk UR-102 ‘Night Watch’, with estimates ranging from €25,000 to €90,000 depending on edition and finish.

Rarity over everything

Asked about current demand among collectors, Scarlata said interest remains concentrated on vintage, designer and rare pieces, as well as high-quality coloured gemstones, certified wherever possible. “I always advise my clients that when preparing to buy a gemstone, they should always request a certificate issued by a reputable, internationally recognised laboratory,” she said, “not least because the sums involved are often substantial, so it is essential to know exactly what you are acquiring.”

She also pointed to a shift affecting one part of the market. “Diamonds are currently suffering from the use and marketing of lab-grown diamonds, which are of much lower value for the same gemmological characteristics but which subsequently have no resale value,” she said. “If we are talking about stones as an investment, natural diamonds must certainly always be considered.”

As for who is buying, Scarlata said the auction house’s clientele resists easy categorisation. “There are no specific types of collectors, partly because the range we offer caters to the widest variety of tastes and interests,” she said. “Quality and rarity are the key factors, which is why there are no age or geographical restrictions.”

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Main photo: Bvlgari gold chain from the Monete collection and ebony-coloured leather trunk by Gucci, created specifically for a member of an Arab royal family