During the festival in May , a necklace worth $ 2.6 million was stolen from a hotel party shortly after jewels worth more than $ 1 million were stolen from a safe in a hotel room . A police official said earlier that the jewels were worth about $ 53 million . The heist is the third major gem or jewelry theft in the Cannes area this year . Today 's heist happened at a jewelry store at the Cannes Hotel .
A police official said earlier that the jewels were worth about $ 53 million . The heist is the third major gem or jewelry theft in the Cannes area this year . Today 's heist happened at a jewelry store at the Cannes Hotel .