.
Interpol believes the gang carried out at least 380 armed robberies jewellery shops between 1999 and 2015.
Most of those arrested are from eastern Europe.
One of the men robbing the shop was armed, police said. German and Serbian authorities were involved in the build-up to the raid.
In February 2014, Pink Panther gang member Borko Ilincic was arrested in Madrid. He was accused of being involved in the spectacular robbery of a jewellery store in Dubai`s al-Wafi Mall in 2007.
He appeared in court in Dubai for the first time in June after his extradition to the United Arab Emirates.
Many of the gang`s members hail from the Balkans and have also hit Tokyo and London. Interpol estimates they have stolen close to €334m ($371m; £283m) of jewellery.
The Pink Panthers were given their name when police in London made an arrest in 2003, and found a diamond ring hidden in a jar of face cream - a ploy used in the original Pink Panther comedies starring Peter Sellers.
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