Police are hunting two men for allegedly cutting and stealing a woman’s gold bracelet in a crowded wet market in Kowloon’s Kung Tong on Saturday.

At 10am, a 56-year-old woman was shopping in a stall in Shui Wo Street Market in Kwun Tong when she realised that her gold bead bracelet worth HK$4,000 (US$509) was lost, news website HK01.com reported.

The woman searched for the bracelet but was only able to find a few pieces on the ground. She reported the case to the police.

A surveillance camera at a nearby store captured the theft, which was all over in seconds. The video clip shows two men, one with a black cap and the other with a white t-shirt, targeting the victim while she was shopping.

The theft occurs about 35 seconds into the video below, after which the robbers hang around, waiting for opportunities to pick up pieces of the bracelet from the floor of the crowded market.

One of the men stayed behind to act as a lookout while the other approached the victim and used a pair of pliers to cut the gold bracelet from behind.

The two men then quickly picked up the gold beads that fell to the ground.

Although a worker at a nearby stall thought the men were behaving strangely, he did not check any further.

After about half a minute, the victim sensed that something had happened and when she checked her personal belongings she discovered that her gold bracelet was lost.

The two suspects walked away casually without rushing.

No arrest has been made. Police classed the case as theft and are looking for two men aged between 30 and 40, who are 1.75 meters tall and of medium build.

The same trick has been used before in Hong Kong. In 2011, a number of similar thefts occurred in Wong Tai Sin, Tze Wan Shan, Lok Fu and Cheung Sha Wan in Kowloon, Oriental Daily reported.

Most of the thefts involved two or three criminals working together. One cut the victim’s bracelet with a pair of pliers or scissors and others acted as lookouts.