Goods Worth $136 Million Stolen from Cannes Diamond Show

CTV News reported that this past weekend, a man snuck into the Cannes-based Carlton Intercontinental Hotel and stole $136 million worth of goods from a diamond show that was taking place.

As quoted in the market news:

Police had previously said Sunday’s theft at the Carlton Intercontinental Hotel had netted $53 million worth of treasure — even at that level, one of biggest jewelry heists in recent years. Reached by The Associated Press, Philippe Vique, an assistant prosecutor in the Riviera town of Grasse, said the Dubai-based organizer of the diamond show had since raised the value based on a more complete inventory.

Describing a canny — if quick and logistically simple — break-in, Vique said the suspect broke in through French doors at the hotel that open out onto Cannes’ famed Croisette, held up the participants of the show with a handgun, then fled on foot. The hold-up itself took place in the space of about a minute, and with three private security guards, two vendors and a manager of the sale-exhibit on hand, he said.

Click here to read the full CTV News report.