Cannes film festival suffers $1m jewellery theft 17 May 2013 Last updated at 13:05 More than $1m (£650,000) worth of jewels have been stolen from a hotel in the French town of Cannes, police say. The jewels were to be loaned to celebrities who have arrived on the French Riviera for the famous annual film festival. They were stolen from a safe in the Novotel Hotel room of an employee of exclusive Swiss jewellers Chopard. Chopard is one of the official sponsors of the festival, which opened on Wednesday. The theft happened on the same day that the festival was shown The Bling Ring, a new film by director Sofia Coppola about some high-school students who find out when celebrities are attending red carpet events in order to break into their homes and steal their designer clothes, bags, and shoes.