Stunning jewellery worth £2.5 million stolen from Versace’s Fifth Avenue boutique last month has been found hidden in an old £7 chair.

Police found the Versace gems in the chair in a Manhattan warehouse despite them having carefully being sewn into the foam padding.

Officers are now hunting for the 33-year-old former head of security at the store who has been missing since the raid and whose storage unit the jewellery was found in.