Armed robbers have raided a store of the luxury Swiss watch brand Piaget in central Paris, escaping with between €10m to €15m ( £8.5m to 12.8m) worth of jewellery, the Paris prosecutors office said. The robbery took place around lunchtime on Tuesday at the store on the Rue de la Paix in the high-end Place Vendôme area, home to several jewellers, watchmakers and luxury brands. The area has seen a spate of armed robberies in recent years. An investigation is now under way and a source close to the matter said police were looking for three suspects. Nobody was hurt, a police source said. In May last year, armed thieves robbed a Chanel watch and jewellery store in the area and then sped off on motorbikes. Bulgari and Chaumet stores have also been robbed in recent years. Piaget, founded in Switzerland, makes luxury watches with price tags that can reach several tens of thousands of euros, and high-end jewellery.