Four French men are accused of travelling to Australia to rob a Canberra home of more than 70 items worth about $10 million.

The luxury goods allegedly stolen include a Richard Mille watch worth more than $5 million, as well as handbags, rings and jewellery.

ACT police said they were called to a Canberra home on October 15 before viewing CCTV, which showed two men breaking into the property.

Police said a Mitsubishi Outlander was seen travelling to the site multiple times in the lead-up to the incident.

A watch with a yellow band and a colourful face with a smiley face in it.

A Richard Mille RM88 (Smiley) watch was among the items stolen from a Canberra home in October. (Supplied: Richard Mille)

Officers said they had discovered that a rented vehicle was hired by a French national shortly after their arrival in the country on October 7 with three others.

Police found the men in a Sydney fast-food restaurant four days after the alleged burglary.

A search warrant was then executed at a short-term rental property in Wentworthville where officers said they had found some of the loot, including Hermes bags.

A silver watch with a dark blue face.

A Patek Philippe 5711 40th anniversary watch similar to the one stolen from a Canberra home, allegedly by French nationals. (Supplied)

Global search for luxury loot

Local police are now working with French authorities to locate more of the items, after the Australian Federal Police and their French counterparts were able to find some of the allegedly stolen property in France.

The outstanding items include a $5 million Richard Mille RM88 (Smiley) watch.

Investigators are also searching for a Hermes Chaos and Gavroche rings, a Van Cleef Seoul necklace, a Patek Philippe 5711 Tiffany watch, and a Patek Philippe 5711 40th anniversary watch.

“These items are distinctive, valuable and cannot be easily on-sold,” ACT Policing said in a statement.

“These incidents are believed to have been a targeted operation by the alleged offenders — who travelled to Australia specifically to commit these offences.”

The men were extradited to the ACT on October 21 before a suppression order on the details of the case was lifted by the ACT Magistrates Court today. 

The case is due back in court in January.