5-man gang cart away jewelry worth $5m from Ritz Paris hotel

Axe-wielding armed robbers invaded the Ritz Paris hotel stealing over five million dollars worth of jewellery from a store, Police says.

A 5-man gang carried out the robbery at the hotel in the afternoon. Three of the 5-man gang were arrested were two got away.

“The loss is very high and remains to be assessed,” one police source said.

NAN reports that another put the figure at 4.5 million euros (5.38 million dollars), but said that a bag had been recovered possibly containing some of the loot.

The hotel first opened in 1898 and was the first Paris hotel to boast electricity on all floors and bathrooms that were inside rooms.

The former home of fashion designer Coco Chanel and author Marcel Proust, the Ritz was a favourite drinking hole of American writer Ernest Hemingway.

It was at the Ritz that Diana, Princess of Wales, spent her last night in 1997 before the car crash that killed her and her lover Dodi Fayed, son of the hotel’s owner Mohammed al-Fayed.

Armed heists targeting jewellery stores are not uncommon in the ultra chic avenues near Place Vendome square in central Paris where the Ritz is located.

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