Armed robbers steal millions worth of jewelry from Piaget store in Paris

French police stand in front of the Piaget store following a robbery, on Rue de la Paix next to the Place Vendome in Paris, France, August 1, 2023. REUTERS/Stephanie Lecocq

PARIS (Reuters) - Armed robbers raided a store of the luxury Swiss watch brand Piaget in central Paris on Tuesday, escaping with between 10 million to 15 million euros ($11 million to $16.5 million) worth of jewelry, the Paris prosecutors office said.

The robbery took place around lunchtime at the store on the Rue de la Paix in the upscale Place Vendome area, home to several jewelers, watchmakers and luxury brands. The area has seen a spate of armed robberies in recent years.