Five gun-toting thieves broke into the Paris apartment of an American millionaire couple early Saturday, tied up the elderly pair and made off with jewels valued at more than $2 million, police said.

Morgan Reynolds, 83, and his wife Jane, 79, told police they were robbed after midnight at their residence on the fashionable President Wilson Avenue after returning home from a restaurant, Police Commissioner Raymond Mertz said."The men broke into the building through a service entrance and were waiting for them when they got home," said Mertz. He said the men, armed with revolvers, forced the couple to open their safe and then tied them up while they ransacked the apartment.

The couple remained tied up until 4 a.m., when they were able to break free and notify police.

"No shots were fired and there were no injuries, but they (couple) were quite traumatized," said Mertz. He said the Reynolds were treated briefly at a local hospital and released.

Reynolds told police he is a banker in the United States and spends two or three months a year in Paris. Police had no U.S. address for the couple.

The couple told police the jewels were insured, Mertz said.