Axe-wielding robbers in spectacular €4m jewelry heist at Paris Ritz

BREAKING NEWS: Three arrested and two on the run after masked robbers open fire at Ritz Hotel in Paris before making off with £3.5million of jewellery

French police on patrol outside the luxury hotel caught three of the robbers after tasering them as they fled, but two escaped through a back door and got away on mopeds.

French TV station BFM reported some €4.7 million ($5.64 million) worth of jewels and other merchandise had been stolen.

Three perpetrators "entered by the service entrance, smashed the jewellery stands and grabbed jewels that were clearly expensive with the help of axes", said Jean-Michel Huguet of police union Alliance Police Nationale.

They seized watches from display cases and then targeted an Alexandre Reza jewellery boutique inside the hotel.

One of the suspects still on the loose left the scene on a motorcycle and later dropped a bag containing jewels.

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A police source has said: "The loss is very high and remains to be assessed,".

Three of the armed robbers were arrested at the hotel during the drama at around 6.30pm local time, RTL reports.

Police are still searching for the two missing suspects.

The hotel was bought in 1979 by Mohamed Al-Fayed, whose son Dodi was also killed in the fatal crash. It was the last place Princess Diana stayed before her fatal vehicle crash in a Paris tunnel, and hosts elite guests from around the world who prize the refined neighborhood.

Five men, some wearing jackets with police insignia, held Kardashian at gunpoint, making off with several pieces of gold and diamond jewelery as well as a ring - a total estimated worth of nine million euros. The 19th century hotel, which reopened in 2016 after an extensive four-year renovation, has housed such famous names as Ernest Hemingway and Coco Chanel.


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