After suffering a family tragedy, Carmen leaves Spain and emigrates to Paris, where she will make new friends among some of the most peculiar characters who inhabit the bohemian neighborhoods of the city. (Partially lost film.)
In the Almenares family there is a story involving a mysterious woman and a pearl necklace that obsesses the young heir. He meets Vera, a Polish woman, and invites her and some relations to a hunting weekend, where the necklace disappears.