French police have recovered some of the jewels worth an estimated €4m (£3.5m) that were looted from the Ritz hotel in central Paris on Wednesday evening, a police source has told AFP, as officers hunt for two thieves who remain on the run. A gang of five masked men armed with axes and knives smashed the display windows of jewellery shops on the ground floor of the hotel on rue Cambon, near the Place Vendôme, at about 6.30pm (5.30pm GMT). “A part of the loot was recovered scattered about during the arrest of three of the suspected robbers,” the police source said, referring to the men detained immediately after the heist. More jewels and watches were found in a bag dropped by one of the two suspects still at large, added the source, who could not give an estimate for the value of the goods retrieved.(theguardian)…[+]