In the "New York Times", David Kehr wrote, "despite its many flaws, the film never loses its focus on its fascinating central figure. Grandly suffering, grandly triumphant or just plain grand, Ms. Deneuve is a spectacle to behold." Lisa Nesselson of the "Variety Magazine" said that the film is "an elaborate and elegant suspenser that gives Catherine Deneuve plenty of leeway to act up a storm, "Place Vendome" features coveted gemstones, the no-nonsense factions that want them and a woman's revised take on her own destiny, played out against luxurious backdrops".