Dimitar Dilkoff/AFP/Getty Images via CNN Newsource

Paris (CNN) — Two suspects arrested in connection with the theft of France’s crown jewels from the Louvre museum have admitted involvement in the heist and have been remanded in custody, the Paris prosecutor’s office said on Wednesday.

The Paris prosecutor also said the stolen jewels are not in the authorities’ possession.

Both suspects were presented before an investigative judge on Wednesday and placed under formal investigation for organized theft and criminal conspiracy, according to Paris Prosecutor Laure Beccuau.

The heist – a brazen, seven-minute daylight raid on the Louvre’s Apollo Gallery – captured the world’s attention after thieves escaped with jewels worth tens of millions.

The two men were arrested Saturday evening

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