Jewels worth 40m euros 'stolen in Cannes heist'

An armed man has stolen jewels worth about 40 million euros from a hotel exhibition in the French Riviera resort of Cannes, the BBC has quoted French officials as saying.

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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.