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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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Estimated value of Cannes jewel heist goes up to £88m

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

A French prosecutor has said the estimated value of diamond jewels stolen in Cannes at the Carlton Hotel has been raised to $136 million (£88m).

Police had previously said $53 million (£34m) was netted in Sunday's theft, which was one of biggest jewellery heists in recent years.

An armed robber targeted a temporary exhibition from a diamond house owned by Israeli billionaire Lev Leviev in the daring raid in broad daylight.

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