Estimate of French diamond heist raised to $136M

French police say an estimated 40 million euro ($53 million) worth of jewels has been stolen from the Carlton Intercontinental Hotel in Cannes.

MGN Online

PARIS (AP) - A state prosecutor says the organizer of a diamond exhibit and sale has more than doubled the estimated value of diamond jewelry stolen in a brazen weekend heist at a luxury hotel on the French Riviera - to some $136 million.

Police had previously said Sunday's theft at the Carlton Intercontinental Hotel had netted €40 million ($53 million) in loot - even at that level, one of biggest jewelry heists in recent years.

Assistant prosecutor Philippe Vique said the Dubai-based organizer of the diamond show has raised the value based on a more complete inventory.

Vique said authorities are looking for a lone suspect who broke in through French doors at the hotel that opens out onto Cannes' famed Croisette. The suspect then fled on foot.

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French police say an estimated 40 million euro ($53 million) worth of jewels has been stolen from the Carlton Intercontinental Hotel in Cannes.

The hotel was hosting a temporary jewelry exhibit.

A police spokesman says one or more thieves nabbed the jewels in broad daylight around noon Sunday in the French Riviera city.

The spokesman could not say how many thieves were involved in the heist, or confirm if it was an armed robbery.

The spokesman requested anonymity because he was not authorized to discuss the matter on the record.


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