As haute culture horology and jewelry brands across the globe conveyed at Baselworld, Switzerland, for one of the biggest industry fairs; a gang of five stole diamonds and gemstones worth millions of dollars.

The incident was an absolute shocker to the industry experts and designers who showcased their latest offerings and innovations at the various pavilions inside the venue.

As per reports, the diamonds were stolen at around 11 a.m. local time from a showcase in Hall 3. A spokesman of the Swiss Prosecutors office informed that three of the thieves broke into the display and stole the diamonds while two others distracted an employee at a diamond trader stall.

Following the incident, the exhibition hall was immediately shut down and all the visitors were checked for nearly 30 minutes.

AFP reported that an investigation has been launched and police are examining closed-circuit camera footage and looking into possible DNA traces and fingerprints.

Covering an area of around 160,000 meter square, Baselworld is regarded as one of the biggest watch and jewelry exhibition across the globe. The current exhibition has a total of 45 countries showcasing their latest collections to a visitor profile of over 100,000 and around 3000 media professionals.