PARIS -- French police say an estimated €40 million ($53 million) worth of jewels has been stolen from the Carlton Intercontinental Hotel in Cannes.
The hotel was hosting a temporary jewelry exhibit.
A police spokesman says one or more thieves nabbed the jewels in broad daylight around noon Sunday in the French Riviera city.
The spokesman could not say how many thieves were involved in the heist, or confirm if it was an armed robbery.
The spokesman requested anonymity because he was not authorized to discuss the matter on the record.
By THOMAS ADAMSON
The Associated Press