Police hunt thieves after botched Ritz robbery in Paris

BREAKING NEWS: Three arrested and two on the run after masked robbers open fire at Ritz Hotel in Paris before making off with £3.5million of jewellery

Armed robbers have seized millions of euros worth of merchandise from a jewellery shop at the famous Ritz Hotel in Paris.

The two other thieves got away on a motorized scooter and are still on the run.

The loot is estimated to be worth more than €4.5 million (US$5.38 million), said local media.

The Guardian says the arrested men are "well known to police".

French police said Thursday some of the jewels stolen from the upscale Ritz Hotel in Paris have been found, while authorities were still searching for two suspects involved in the robbery.

Unlike the action movie, three of the five thieves were quickly caught and arrested by police the same day.

The officer would not confirm reports that jewels were stolen from a hotel shop or that the robbers had hatchets. Three of the raiders were soon arrested by police, but two of the gang escaped through a back door.

Interior Minister Gérard Collomb also offered praise, saying they were "a credit to our police".

Wednesday's robbery comes 18 months after the Ritz reopened to guests after almost four years of renovations and a major fire.

Reza is among several elite shops in the five-star Hotel Ritz, where rooms start at 1,000 euros ($1,200) a night.

Princess Diana famously dined at the hotel with Dodi al Fayed before they both died in a tragic vehicle accident in the Pont de l'Alma underpass. It was at the Paris Ritz that Diana, Princess of Wales, dined with Fayed's son, Dodi, the night before they died in a auto crash in August 1997.

The Ritz, which re-opened in 2016 after a four-year refurbishment, and is owned by the Egyptian businessman Mohamed Al-Fayed.

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