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Jewels worth 40 million euros stolen in Cannes: investigators

An armed man held up a jewellery exhibition in the French Riviera resort of Cannes today, making away with jewels estimated to be worth about 40 million euros (USD 53 million), according to investigators.

Cannes 2013: Necklace worth $2.6 million stolen in another theft

In yet another shocking news, thieves made off with a $2.6 million necklace in the second such jewellery heist during the ongoing Cannes Film Festival.