French police: Estimated $53 million in jewels stolen from famed hotel in Cannes

  • by: THOMAS ADAMSON , Associated Press
  • Updated: July 28, 2013 - 9:15 PM

PARIS — A staggering 40 million euro ($53 million) worth of diamonds and other jewels was stolen Sunday from the Carlton Intercontinental Hotel in Cannes, in one of Europe's biggest jewelry heists in recent years, police said. One expert noted the crime follows recent jail escapes by members of the notorious "Pink Panther" jewel thief gang.

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