Jewels worth 40 million euros stolen in Cannes

An armed man held up a jewelry exhibition in the French Riviera resort of Cannes on Sunday, making away with jewels worth around 40 million euros ($53 million), according to investigators.

Authorities said the hold-up took place in broad daylight at the Carlton Hotel on the promenade in Cannes, famous for its annual film festival that attracts a glittering array of celebrities.