Ritz Paris raid bags millions in jewellery

Two suspected thieves are still on the run according to a police source

Armed robbers have carried out a daring raid at the luxury Ritz Hotel in Paris, seizing millions worth of jewels.

Three of them were tasered and arrested by police outside the hotel but two others managed get away on scooters.

It is estimated that the jewelry is worth 4.7 million euros.

"They were after the jewellery on display at the hotel".

The city's police commissioner issued a statement on Twitter thanking officers for their quick reactions, which led to the arrest of three men.

A police official said Thursday that one perpetrator dropped a bag with jewels and hatchets when his motorcycle hit a pedestrian during his escape.

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Witnesses described "total panic" breaking out and some reported hearing gunshots as the men raided the display cases in the hotel's Reza jewellery shop.

"Armed robbery at the Ritz: three of the presumed thieves already arrested by police from the 2nd arrondissement", Collomb wrote.

"The loss is very high and remains to be assessed", one police source was quoted as saying by Reuters.

Diana, Princess of Wales dined at the hotel shortly before she was killed in a vehicle crash on the night of August 31, 1997.

The five-star residence, owned by Mohamed Al-Fayed, is no stranger to controversy.

Several luxury brands display their jewels in the storied Ritz, famous as the lodging of choice for Coco Chanel and Ernest Hemingway as well as Princess Diana, who stayed there before her death in a vehicle crash in a Paris tunnel in 1997. The 19th century hotel, which reopened in 2016 after a four-year renovation, has housed such famous names as Ernest Hemingway and Coco Chanel.