The men broke into the boutique on Via Serlas in the early hours of Wednesday, cantonal police said in a statement released the same day.
Police say one of the two men used a white Audi 80 stolen two days earlier to ram the front window of the shop.
The two men then entered the boutique through the broken windows and gathered the fur garments, according to the statement.
The stolen car was left at the scene of the break-in and police believe the two men fled in another vehicle.
The culprits were filmed by a surveillance camera and police have issued images on the internet of the men, one of whom was wearing a winter hat while the other had a hood covering his head.
Police describe the men as around 30 to 35 years old and 175 to 180 centimetres tall.
Anyone with information in connection with the burglary or the pictured men is asked to contact police in Saint Moritz on 081 837 54 60.
The robbery comes two years after a similar break-in at a boutique, when furs and other clothing worth several hundreds of thousands of francs was stolen.