According to official reports from the Paris prosecutors office, the robbers managed to make off with an estimated 10 million to 15 million euros ($11 million to $16.5 million) worth of luxury jewelry.

The incident took place during the lunchtime rush at the Piaget store located on the renowned Rue de la Paix, which forms part of the exclusive Place Vendome area. This upscale location is well-known for housing a range of jewelers, watchmakers, and luxury brands, making it an attractive target for criminals.

The area has experienced a troubling trend of armed robberies in recent years, adding to concerns about security in the vicinity.

As the news of the robbery spread, authorities quickly initiated an investigation into the matter. A reliable source with close knowledge of the case disclosed that the police are actively searching for three suspects believed to be involved in the brazen robbery.

The incident has left both the authorities and luxury brand owners on high alert, as they strive to bolster security measures and prevent similar occurrences in the future.

Updates on the ongoing investigation are expected to follow as law enforcement intensifies efforts to apprehend the perpetrators and recover the stolen jewelry. (ILKHA)