THERE HAS BEEN another high value jewel theft on the French Riviera.

In this latest incident, two thieves stole a €70,000 diamond ring from a Cannes jewellery store today, pocketing the gem while a saleswoman had her back turned.

Cannes police say the men who swiped the ring from a jewellery store near the luxury Gray d’Albion Hotel had eastern European accents. Police have opened an investigation and say they will examine security videos for evidence.

On July 28, an armed man pulled off a brazen heist in broad daylight at the luxury Carlton Hotel in the town, in one of the world’s biggest jewellery heists.

Brandishing a semi-automatic pistol, his head covered with a cloth, the robber stole jewels that were part of an exhibition by a group owned by Israeli billionaire Lev Leviev.

French authorities said he escaped with all kinds of jewellery, including rings, pendants, and diamond-encrusted earrings, worth an estimated 103 million euros.

Cannes has fallen prey to other jewel thefts several times recently, including several incidents during this year’s film festival in May.

During the festival, which attracts a glittering array of celebrities, thieves stole jewellery worth $1.4 million due to be loaned to movie stars.

Yet another theft during the festival saw robbers make off with a diamond necklace with an estimated value of $1.9 million.

At least two apartments rented by film executives were also burgled during the 2013 festival, with thieves taking cash, jewellery and other personal items.

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