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Tokyo: About 200 luxury watches worth $3.2 million (Dh11.8 million) have been stolen from a jewelry shop in Tokyo's upscale Ginza district, police said Saturday.

Investigators discovered a 16 to 20 inch hole in one of the store's walls through which the watches are believed to have been removed, said Shinya Watanabe, a spokesman for the Tokyo Metropolitan Police.

It was unclear when the theft occurred, though a security guard monitoring the store onFriday afternoon did not notice anything unusual, he said.

Police had no witnesses but were interviewing employees at neighboring stores for possible leads.

"Whoever did this bored a hole into a concrete wall," Watanabe said. "The noise must have been quite loud."

The store, Tenshodo, is located in the heart of Ginza, the busiest high-end shopping district in Tokyo. It was founded in 1879 and sells jewelry and luxury watches such as Rolex, Chopard and Piaget.

Last February, $540,000 in jewelry was stolen from another Ginza store through a hole in a concrete wall. Police said it was not clear whether the two thefts were linked.