French diamond heist estimated at $136M

PARIS (AP)

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.

(AP)

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.

(Copyright 2013 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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