Investigation under way after theft at Swiss luxury watch shop on Rue de la Paix in high-end Place Vendôme area

Armed robbers have raided a store of the luxury Swiss watch brand Piaget in central Paris, escaping with between €10m to €15m ( £8.5m to 12.8m) worth of jewellery, the Paris prosecutors office said.

The robbery took place around lunchtime on Tuesday at the store on the Rue de la Paix in the high-end Place Vendôme area, home to several jewellers, watchmakers and luxury brands. The area has seen a spate of armed robberies in recent years.

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