Three suspects have been detained and two others are on the run, the source said.
French media said the three were seasoned criminals, well known to police.
The city's police commissioner issued a statement on Twitter thanking officers for their quick reactions, which led to the arrest of three men.
Police are still searching for the two missing suspects.
One eyewitness told Sky News: "My parents and I were sitting at the Hemingway Bar at the Ritz for a drink and we were about to leave when we heard shouting from the bartenders to get down".
BREAKING: Robbers armed with axes and guns steal £3.5m of jewellery in Ritz hotel raid
A picture taken on October 18, 2011 in Paris shows the entrance of the Ritz hotel.
'There were initial fears that a terrorist attack was going on, but it soon became clear that it was a robbery.
The motorcyclist dropped a bag containing jewels and hatchets when his motorcycle hit a pedestrian during his escape.
Gérard Collomb, the French interior minister, praised the police response following the arrests. It was the last place Princess Diana stayed before her fatal auto crash in a Paris tunnel, and hosts elite guests from around the world who prize the refined neighborhood.
Security had been boosted in the area, which also houses France's justice ministry, in 2014 after several daring armed raids on Place Vendome in which jewels worth between 420,000 and two million euros were seized.
The five-star residence, owned by Mohamed Al-Fayed, is no stranger to controversy.
If you use it on someone, they'll lose all of their admin privileges, and become standard group chat participants instead. The report says that anyone who controls the WhatsApp server can easily insert new people into private group chats.
Fascinated by science since childhood, Har Gobind completed his schooling from a school in Multan that gathered under the tree. Khorana was born on this day in 1922, in Raipur in Punjab, which is now part of present-day Pakistan .
He led a touchdown march that got Carolina within one score, but their next and final possession ended with a turnover on downs. After the game, Newton and Coach Ron Rivera said Newton had been hit in the eye.
The big difference? You're playing as a baddie Templar hunting down Assassins - the only game in the series where you can do this. Assassin's Creed Rogue debuted in November 2014 as a farewell letter from the series to past generation platforms.
Dickerson joined CBS News in April 2009 as an analyst and contributor to all of the network's broadcasts and platforms. Dickerson is no stranger to CBS-he's hosted Face the Nation since 2015 and served as the network's political director.
I know they don't want me - guy with accent, long hair ", Franco said in his signature Wiseau accent. "So I show them. Dave Franco told The Times, "trust me it was a whole thing" about trying to get everyone together.
Apple , however, has declined to do so, saying the latest generation iPhones do not have the FM radio chips. Many smartphones in the world are manufactured with hardware capable of receiving free FM radio signals.
The Alabama native played in the National Football League for four seasons, including one year with the Oakland Raiders in 2003. I don't know whose idea it was to kick off a press conference with a hype video, but I can get behind that idea.
Bills running back LeSean McCoy gutted out an ankle injury sustained in the regular-season finale win over the Miami Dolphins . Taylor does a great job of not turning the ball over but he was often inaccurate with his passes this season.
She said she had expressed her desire to write songs for the group as well as for her solo album but was continuously shut down. Confident enough in her tenure as a solo artist to discuss the nasty split, Cabello finally dished on her side of the drama.
Trump has criticised football players in the past for not treating the national anthem with sufficient respect. The president was reportedly greeted with a mixture of cheers and boos while taking the field.
There may be hazardous driving conditions as the freezing rain hits, especially on untreated services, the weather service says. Below, we take a closer look at what to expect over the next several days as Winter Storm Hunter tracks across the country.
Huawei announced that the Midnight Blue, Mocha Brown, and Titanium Gray models would be available in the United States. The company, effectively shut off from the US since this incident, has always been seeking to make a return.
Lawrence portrays a former Russian ballerina forced into a Russian intelligence program in order to get her mother medical care. That's the tagline for Jennifer Lawrence's new action-packed thriller Red Sparrow , which is hitting theaters this spring.
Trump said in September that he was ending Deferred Action for Childhood Arrivals, or DACA, but gave Congress until March to act. She delayed a decision affecting more than 50,000 Hondurans, leaving that decision to Nielsen.
Miller, who is known for his hard-edge attacks on political opponents and the news media, that he was wasting his audience's time. But Tapper responded: "The president has an approval rating in the 30s, I don't know what's magical that you're talking about".
President Donald Trump celebrates with Congressional Republicans after Congress passed tax reform in December 2017. Had that accident happened this year, though, Natali, 50, of Aliquippa, Pa., might be scrambling.
South Korean President Moon Jae-in has said the agreement with Japan was "seriously flawed" and made without proper consultation. What the elderly victims want "remains the same as ever" which is a "genuine, voluntary apology", according to the minister.
AL.com is reporting that Damien Harris is passing on the National Football League and will play for Alabama for his senior season. He had six tackles against Georgia, while his performance against Clemson included an interception and a touchdown reception.
" Ecuador knows that the way to resolve this issue is for Julian Assange to leave the embassy to face justice", the office said. The demand for an end to the state persecution of Julian Assange must be taken up by the worldwide working class.
In 2005, he became assistant offensive line coach before he moved to coaching linebackers from 2006 to 2010. If the Giants elect to hire Patricia , they will need to have a plan in place for offensive coordinator.
The reports that the 7.6 magnitude makes this one of the most powerful earthquakes to hit the Caribbean in modern day history. President Juan Orlando Hernandez tweeted that the emergency system had been activated and people should remain calm.
The company's share price plummeted amid the disappointing reports. "These factors make the aerial market untenable", GoPro said. GoPro is killing its drone business and slashing 20 percent of its staff after reporting weak demand for its products on Monday.
According to "Today", the fire is being described as a "one-alarm fire", and officials say no injuries have been reported . Trump's primary residence was in the building before his election victory and inauguration almost a year ago.
According to Variety , Jerry Van Dyke , Emmy-nominated actor and younger brother of Dick Van Dyke , died on Friday at age 86. Jerry's wife, Shirley Ann Jones, told the New York Times that his health had deteriorated since a traffic accident in 2015.