Gems stolen in one of the largest and most daring jewellery heists ever will already be out of the country, a former Flying Squad chief believes.
Jewellery and precious stones, which could be worth millions of pounds, were snatched by thieves from a vault in Hatton Garden, London, over the weekend.
The audacious villains are believed to have broken into the building through the roof and abseiled down a lift shaft to access the vault.
A statement from the Metropolitan Police said heavy cutting equipment was then used get into a vault at the premises, where 60 to 70 safe boxes were raided.
The vault is believed to be reinforced with thick metal and concrete protection doors, up to 2ft thick.
This afternoon, questions were raised about security at the premises amid reports guards responded to an alarm on Friday, but left without checking inside.
Safe box owner Gerry Landon said he was devastated after losing the precious items in his safe box, and found the break-in "unbelievable".
"Apparently, as you may have read, the alarm went off at one o'clock on Friday and the the security guards came down," Mr Landon said.
"They more or less looked through the window to see that there was no activity there - and then they left."
Speaking to Sky News earlier, former Flying Squad chief Barry Phillips described the heist as "sophisticated" and "highly organised".
He said the robbery will have been carried out by a "professional team".
"This has all the hallmarks of a TV or Hollywood film production," Mr Phillips said.
"It was a highly organised, sophisticated crime.
"It's highly likely that any gems or jewellery will have already been sourced and out of the country.
"If past jobs of this nature are taken into account, the thieves will have placed all of the jewellery prior to the robbery.
"That takes a high degree of organisation on behalf of the villains."
Neil Duttson, a diamond dealer who buys stones for private clients, said tracing any gems stolen in the heist would be nearly impossible.
He said: "Once diamonds have been re-cut and polished there is no geological map.
"I imagine they will be sat on for six months. You can expect some cheap diamonds will be coming on the market soon."
Police have not put a value on the goods stolen, but estimates vary widely from hundreds of thousands of pounds to £200m.
One victim of the heist, a jeweller from the area, has spoken of his "extreme shock".
He said he feared that a £5,000 watch he bought for his son on the day he was born might have been stolen.
Michael Miller told Sky News he "felt sick" at the prospect of losing up to £50,000 of jewellery and watches during the burglary.
Mr Miller said his goods - like those of many with deposit boxes there - were uninsured.
The safe boxes might be worth up to £2m each, he said.
Sky's Crime Correspondent Martin Brunt said: "The suspects have had perhaps several days (over the Easter weekend) in which to get in.
"One report, I'm told, suggested that they used a lift shaft at some stage to get into the centre, which must be pretty heavily protected.
"It's probably going to be some days before we get an idea of exactly how much has been stolen or what indeed has been stolen."
Hatton Garden is known as London's jewellery quarter and the safe deposit boxes are mainly used by local jewellers to store loose diamonds in packets.
Other boxes - around 10% of them - are rented by private individuals and so the true value of the heist may never be known, Mr Phillips said.
Lewis Malka, a diamond jewellery expert who works in Hatton Garden, tweeted: "Quiet day in the office and then I found out one of my client's antique bracelets was stolen in the Hatton Garden robbery."
Mr Malka added: "Most of the people who have got safe deposits there are people in the trade.
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