31.03.2011, 17:20 20916

Diamonds worth millions stolen from Basel jewel fair

Four million - dollar diamonds were stolen on Wednesday from the world's biggest watch and jewellery fair in the northern Swiss city of Basel, Kazakhstan Today reports.

Almaty. March 31. Kazakhstan Today - Four million - dollar diamonds were stolen on Wednesday from the world's biggest watch and jewellery fair in the northern Swiss city of Basel, Kazakhstan Today reports.

Four diamonds worth millions of pounds have been stolen from the world's biggest watch and jewellery fair in the Swiss city of Basel, The Telegraph reported.

Swiss Prosecutors office spokesman Markus Melzl says some of the thieves distracted an employee at a diamond trader's stall while others swiped the jewels from glass cabinet.

He said organisers of the annual Baselworld trade fair blocked the exits for half an hour shortly after Wednesday's heist but failed to stop the thieves escaping.

Mr Melzl added that the theft involved "probably four to five accomplices".

"Three diverted the attention of the diamond trader's employees, while two others opened the showcase," he said.

The thieves are believed to have checked out the display showcase several days before the theft, allowing them to make a quick move.

Mr Melzl noted that the Israeli trader, who was not identified, only realised the theft about 15 minutes after it was carried out, allowing sufficient time for the perpetrators to get away.

An investigation is now under way, with police examining video footage of the stand.

Some 1,892 exhibitors from 45 countries, including luxury brands such as Chopard, Patek Philippe, and Rolex as well as jewellery makers like Bulgari and Tiffany, are attending the Baselworld fair.

In 2009, 10 million euros worth of jewellery was stolen but the thief was quickly caught.

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