French police: 'Thieves see Cannes as rich pickings'

The Carlton Hotel is situated on the French Riviera resort's famous promenade. Credit: REUTERS/Regis Duvignau

French police have said they are urgently hunting the armed man who today robbed the Carlton Hotel in Cannes of jewellery worth 40 million euros (£34 million) in broad daylight.

A Cannes police spokesman, quoted by the BBC, said: "A full and urgent operation is under way to catch the culprit and recover these jewels. Thieves see Cannes as rich pickings."

Read: Cannes Film Festival hit by second jewellery heist

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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.