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May 17, 2013 AT 12:34 PM
$1 Million worth of Chopard Jewelry set aside for celebrities to wear on the red carpet in Cannes was stolen from Hotel Novotel during the star studded film festival. The items were being kept in a security box that was smashed and taken away. The heist reportedly occurred during the premiere of Sofia Coppola’s new movie "The Bling Ring".