Police believe that robbery was the incentive for the attack, but no witnesses have yet been found to confirm whether anything has been taken.
According to police, neighbors heard a sound coming from the shop at about 9:20 a.m., and saw two people running away from the scene.
The neighbors ran to the shop, where they found the 34-year-old owner fallen in a pool of blood.
The jeweler was rushed by ambulance to hospital, where he succumbed to his wounds shortly afterwards.
Police investigating the incident said that the jewelry shop was in disarray, which lends credence to the robbery theory.