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| Arrest over £40m jewellery raid | Arrest over £40m jewellery raid |
| (11 minutes later) | |
| A man has been arrested in connection with a robbery at a central London jewellery shop in which items valued at £40m were stolen, it has emerged. | A man has been arrested in connection with a robbery at a central London jewellery shop in which items valued at £40m were stolen, it has emerged. |
| Police said the 50-year-old was arrested by officers outside a home in Ilford, east London. He was later released on bail. | Police said the 50-year-old was arrested by officers outside a home in Ilford, east London. He was later released on bail. |
| Details of the arrest were only released on Wednesday. | Details of the arrest were only released on Wednesday. |
| The robbery, carried out at Graff jewellers in New Bond Street, was Britain's biggest ever gem heist. | The robbery, carried out at Graff jewellers in New Bond Street, was Britain's biggest ever gem heist. |
| Two men with handguns threatened staff before taking 43 items. | Two men with handguns threatened staff before taking 43 items. |
| A female employee was dragged outside and the robbers fired a shot into the ground to warn off pursuing members of the public. No-one was hurt. | |
| Police described the two robbers as "extremely dangerous" | |
| A Metropolitan Police spokesman would not confirm why it took two days before the force released details of the arrest. | A Metropolitan Police spokesman would not confirm why it took two days before the force released details of the arrest. |
| He said: "Suffice to say it was operational reasons." | He said: "Suffice to say it was operational reasons." |
| The Met said the arrest was made after police searched several houses. | |
| The spokesman said it took several days for the value of the items taken in the 6 August raid to be confirmed because the shop's insurance company was still assessing the loss. | The spokesman said it took several days for the value of the items taken in the 6 August raid to be confirmed because the shop's insurance company was still assessing the loss. |
| Police are following up several other leads. | Police are following up several other leads. |
| The £40m haul is exceeded only by the £53m raid on a Securitas depot in Kent in 2006. | The £40m haul is exceeded only by the £53m raid on a Securitas depot in Kent in 2006. |
| The stolen jewellery included a pair of white round diamond double-hoop earrings, a yellow diamond flower necklace and a platinum white Marquise diamond ring. |