Three members of the gang were arrested at the scene and two managed to escape  from the area on scooters
No one was hurt but witnesses report hearing gun shots during the raid by axe-wielding robbers who stole $5.7m in jewelry
Five men smashed windows at the famous Ritz-Carlton hotel to steal the goods – with two suspects currently being hunted by cops after they managed to flee
Police have launched a massive man hunt for the two escaped robbers