PARIS -- The Paris public prosecutor reported on Wednesday that investigators are making "major progress" in solving the brazen Oct. 19 Louvre Museum heist and said two suspects in custody will be charged with "organized robbery."

During a news conference on Wednesday, Laure Beccuau, the Paris Public Prosecutor, released new information about the two suspects arrested last weekend, but said the stolen jewels remain missing.

Beccuau said that if the suspects are convicted, they'll face a sentence of up to 15 years in prison and heavy fines.

A 96-hour deadline for charging or releasing the suspects was set to expire on Wednesday. Both suspects are from the Paris suburb of Seine-Saint-Denis, authorities previously said.

A police car parks in the courtyard of the Louvre museum, one week a

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