Paris 1941. Mr Haffmann is a talented Jewish jeweller. Under the invasion of the German army, he made his wife and children leave for Zone libre. François, who works for Mr Haffman, is an ordinary man whose only goal is to start a family with Blanche, the woman he loves. As conditions become more and more arduous, both the employer and employee are forced to strike a deal which, over the following months, will upend the fate of our three protagonists.