CANNES, FRANCE – Jewelry worth $1.4 million was stolen from a hotel in a predawn heist Friday during the Cannes Film Festival, officials said.
The robbery took place in the hotel room of an American employee of Swiss bijoutier Chopard as she was out for the evening. A strongbox was ripped out of the wardrobe and carried off.
The public prosecutor for the Cannes region, Jean-Michel Cailliau, said the loss was estimated at €1 million ($1.4 million).
Chopard downplayed the reported value of the jewels and contradicted police reports that they were intended to be worn by stars at Cannes. Chopard redesigned the Palme d’Or trophy and each year lends out jewelry to stars.