Estimate of French Diamond Heist Raised to $136 Million

Estimate of French diamond heist raised to $136 million
Lionel Cironneau/APA policeman is seen at the Carlton hotel, in Cannes, southern France, the scene of a daylight raid, Sunday, July 28, 2013.
PARIS - A state prosecutor says the organizer of a diamond exhibit and sale has more than doubled the estimated value of diamond jewelry stolen in a brazen weekend heist at a luxury hotel on the French Riviera - to some $136 million.

Police had previously said Sunday's theft at the Carlton Intercontinental Hotel had netted €40 million ($53 million) in loot - even at that level, one of biggest jewelry heists in recent years.

Assistant prosecutor Philippe Vique said the Dubai-based organizer of the diamond show has raised the value based on a more complete inventory.

Vique said authorities are looking for a lone suspect who broke in through French doors at the hotel that opens out onto Cannes' famed Croisette. The suspect then fled on foot.

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Still the same scam. Insure it for a lot more. Put it somewhere that a guy walking in off the street could take it. Collect millions more. Crooked, but smooth.

July 29 2013 at 1:22 PM Report abuse +1 rate up rate down Reply

All at once !,,, INSIDE JOB ,,,,

July 29 2013 at 12:40 PM Report abuse +1 rate up rate down Reply

Sorry. I meant, "Sacre Bleu!"

July 29 2013 at 12:20 PM Report abuse +1 rate up rate down Reply

Holy crap!

July 29 2013 at 12:20 PM Report abuse +1 rate up rate down Reply