The police has also recovered diamond bangles worth Rs 11 to 12 lakh from their possession, an official release said here today.
The complainant, Luv Aggarwal had filed a complaint at Sushant Lok police station alleging that a group of people had entered the Gold Souk mall located in an upscale area of Gurgaon on May 6.
While some of the group members engaged the owner in their talks the remaining stole jewellery, the complainant had alleged.
The arrested persons have been identified as Jai Singh and Manoj alias Yunus, both residents of Ajmer, Rajasthan, by the police.
The police has managed to get information regarding other members of the gang and soon they would be arrested, the release added.