Police have arrested three men over a raid on a watch store in Tsim Sha Tsui on Saturday in which goods worth more than HK$10 million were stolen.

A gang of four dressed as construction workers burst into a shop in Chungking Mansions on Nathan Road, threatening staff with knives before making off with 46 Rolex and Patek Philippe watches, as well as cash.

At a media briefing, police said the men arrested are aged between 30 and 43 and were picked up in Sham Shui Po and Sheung Shui in the past two days.

One of them is suspected of having been among the robbers, another is thought to have been the getaway driver, while the third man owns a car believed to have been used in the raid.

Police said they seized helmets, vests, gloves and wigs that may have been used in the robbery.