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Cannes jewels 'worth £88m'

The estimated value of jewels stolen from the Carlton Hotel in the French Riviera resort of Cannes has been raised to $136million (£88m), the Associated Press reports, citing a French prosecutor.

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Cannes' second jewellery heist in months

Today's daring jewels heist took place at the Carlton Hotel, located on the Croisette promenade, and one of the most prestigious locations to stay in France.

A satellite view of the Intercontinental Carlton hotel in Cannes, where jewels worth €40m were stolen this today in an armed raid. Credit: Google Maps

The hold-up, which took place in broad daylight, was reportedly the work of one armed man who is said to have made off with the jewels in a briefcase.

In May, during the city's famous Film Festival, jewels worth €777,000 (£650,000) were stolen from the Novotel hotel room an employee of Swiss jewellers Chopard.

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