Cannes Diamond Heist Value Up to $136 Million

The value of the Cannes jewelry heist was more than doubled today to $136 million as fresh details of the daring robbery emerged.

The brazen theft occurred about 11:30 a.m. Sunday at the Carlton Intercontinental Hotel before the exhibition opened to the public and as the jewelry was about to placed into secure display cases, Deputy Prosecutor Philippe Vique told ABC News.

At the time of the theft, the diamond encrusted jewelry was in two bags and those bags were both placed inside another bag. Vique declined to say where the bag was at the time of the robbery.

The thie