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Cannes thief 'steals $53m of jewels' Cannes thief 'steals $53m of jewels'
(35 minutes later)
Jewels worth 40m euros (£34.5m; $53m) stolen as man holds up jewellery exhibition in Cannes, French officials say An armed man has stolen jewels worth about 40m euros ($53, £34) in the French Riviera resort of Cannes, officials say.
More to follow. They say the hold-up took place on Sunday morning at a jewellery exhibition at the Carlton Hotel.
The hotel is located on the "Croisette" promenade - one of the most prestigious locations in Cannes.
It is the latest in a series of high profile thefts in the town, which is famous for its annual film festival.
It is not yet known who the jewels belong to.
Local media said the robber made off with the jewels in a briefcase.
Cannes film festival, which attracts celebrities from around the world, was hit by two jewellery thefts in May this year.
A necklace by Swiss jeweller De Grisogono reportedly worth 1.9m euros ($2.5m, £1.6m) vanished after a celebrity party at a five-star hotel in the resort town of Cap d'Antibes.
A week before, more than 777,000 euros ($1m, £650,000; ) worth of jewels were taken from the hotel room of an employee of exclusive Swiss jewellers Chopard.