A $20 million (£12.9m) robbery has hit Cartier in Cannes ahead of the Cannes Film Festival, according to JCK.
The brand has been robbed of jewellery and watches just one week before the famous festival is due to begin.
Four men looted one of Cartier’s stores in France at 11am Tuesday 5 May. According to AFP one man armed with a machine gun and wearing an elderly mask managed to break through the shop’s security and call in two accomplices while another kept watch outside.
The three suspects held the stores employees and customers inside, stashing their stolen goods into a briefcase. The four men then fled in a Mercedes which was later found burned in a residential suburb.
John Kennedy, president of the Jewelers’ Security Alliance, says this type of robbery isn’t rare suggesting that France often sees jewellery thefts that amount to double-digit losses in the millions.
The crime has yet to be resolved.