By  on July 14, 2009

A Cartier jewelry store in Cannes, France, was robbed Monday morning by three armed men who fled with a haul estimated at up to 15 million euros, or $20.9 million.

The holdup follows a series of similar heists across Europe, the most recent being a robbery in May at the Chopard store on Place Vendôme in Paris, which was hit by a lone robber posing as a customer. The thief, wearing a fedora and an elegant suit, drew a gun and ordered staff to give him jewels from the window display. He escaped with merchandise valued at 6.5 million euros, or $9.2 million.

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