Axe-wielding robbers in spectacular €4m jewelry heist at Paris Ritz

Two suspected thieves are still on the run according to a police source

The axe-wielding thieves made off with the jewels after smashing glass display cases at the world-famous hotel in the French capital, police said.

The French TV station BFM said that 4.7 million euros (£4.16m) worth of jewels were taken.

Three men have been arrested, police said, while others remain on the run. Various witnesses reported hearing gunfire, with one witness telling Sky News they heard at least "10 rounds" fired during the incident.

As the robbers opened fire on the hotel, guests at the Hemingway bar were told to "get down", eyewitnesses have said.

"He had an axe in his hand".

"We heard a loud noise and lots of racket in the street", one hotel employee told AFP.

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According to BBC, the hotel includes a gallery shopping area near its rear entrance, which it says hosts five shops and 95 "showcases", selling jewellery, watches and luxury clothing.

The landmark Paris Ritz hotel re-opened its palatial doors to guests in 2016 after almost four years of renovations and a major fire.

Image: The robbery happened at the Ritz Hotel in Paris.

Mohammed al Fayed bought the hotel in 1979 and carried out major renovations to bring it back to its original popularity.

Princess Diana had dined in the hotel's Imperial Suite on August 31, 1997, shortly before her tragic death in a auto crash in Paris.

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