Cannes: Jewels Stolen In Armed Hold-Up

An armed man has stolen jewels worth around 40m euros (£35m) from a hotel in the French Riviera resort of Cannes, police say.

Authorities said the hold-up took place during a jewellery exhibition at the Carlton Hotel in the city, which is best known for its annual film festival.

The lone gunman managed to evade security and escape with a briefcase containing the valuable stones.

A Cannes police spokesman said: "A full an urgent operation is underway to catch the culprit and recover these jewels. Thieves see Cannes as rich pickings."

It comes after a heist at the event last May that saw thieves make off with £910,000 worth of jewellery that was due to be loaned to movie stars from a local hotel.

That robbery took place in the hotel room of a female American employee of Swiss jeweller Chopard, while she was out for the evening.

Police said a strongbox containing jewels was ripped out of the wardrobe and carried off.

In a second theft during the festival, robbers stole a diamond necklace with an estimated value of £1.2m.

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