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US$136m in gems now estimated to have been stolen in Cannes heist

Prosecutor probing US$136m French Riviera hotel heist says it was canny, quick and simple

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A lone thief hit a gem show at the Carlton.Photo: Reuters

Wearing a scarf to mask his face, the gunman sneaked into a posh Cannes hotel and held up a diamond show as three security guards looked on, then fled on foot about a minute later. In the end, he made off with a breathtaking US$136 million worth of valuables - the biggest jewellery heist in years, maybe ever.

It was a French Riviera robbery to make Hollywood scriptwriters smile. And it even happened at a hotel that was featured in Alfred Hitchcock's jewel-encrusted thriller To Catch a Thief.

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A state prosecutor provided new details about Sunday's brazen heist at the Carlton Intercontinental hotel - not least that the loot was actually worth more than twice the €40 million (HK$412 million) estimate that police first announced.

The noon caper along the town's seaside promenade, La Croisette - a playground for the rich and famous, sunbathing tourists, and world cinema stars every year - looked set to dwarf the value of two other jewellery thefts in the Riviera during the Cannes Film Festival in May.

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It also could eclipse two other big heists over the last decade. In 2008, thieves - some dressed in drag as women - stole €85 million in rings, necklaces and luxury watches from the Harry Winston store in Paris. A robbery five years earlier at Belgium's Antwerp Diamond Centre netted an estimated €109 million.

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