TBO.com: Tampa Bay Online.
Saturday, Sep 24, 2016
AP US & World News

Estimate of French diamond heist raised to $136 million

PARIS - 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. Police had previously said Sunday's theft at the Carlton Intercontinental Hotel had netted (euro) 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.