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.
French police: 'Thieves see Cannes as rich pickings'
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."
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