According to a PSU Text alert, an armed robbery occurred at Kranich’s Jewelers this morning on 216 East College Ave.

The suspects were described as three black males wearing black hoodies, one carrying a black duffle bag. One of the suspects was also carrying a silver pistol.

No details are being released at this time but anyone with information should call the borough police at 814-234-7150.

We will have more as this story develops.

UPDATE: 11:30 a.m.

State College police searching for 3 black males who entered a downtown businessrobbing a person with a gun at about 10:20 am.

— State College Police (@StateCollegePD) January 9, 2013

UPDATE: 11:58 a.m.

Three men entered Kranich’s this morning and held a gun to an employee’s head. @LC_Nichols is reporting that “a significant” amount of jewelry was stolen. All three suspects remain at large.

UPDATE: 2:57 p.m.

State College police sent out a release with updated information on the robbery. The first of three suspects demanded keys to the display cases from employees while holding up a handgun. Two additional suspects then entered the store as employees were placed on the floor while the display cases were looted.

The men also robbed an employee of a  ring, watch, and wallet, and fled down the walkway between Kranich’s Jewelry and the Tavern Restaurant.

UPDATE: 6:45 p.m.

Suspect photos and information have been released by the State College Police Department.

Suspect #1 is approximately 5 feet 8 inches tall, and approximately 180 pounds, wearing a navy blue running suit and grey hoodie.  He has a round face with a full, “stubbly” beard, is missing a tooth, and is lighter-skinned than the others.  He was armed with a long barrel silver handgun that appeared to be a revolver.

Suspect #2 is approximately 5 feet 8 inches tall, wearing a black jacket, blue jeans, shiny black shoes and a dark ball cap.  He has a deep voice and had his face covered with a gaiter of some sort.  Suspect #2 had a silver-colored revolver as well and carried a black Reebok bag.

Suspect #3 is dark-skinned, approximately 5 feet 11 inches to 6 feet 1 inch tall with a large build.  He was wearing a blue or black waist-length jacket with a hood.    He was also wearing a beanie cap with a logo and had his face covered.  The majority of merchandise was carried out by suspect #3 in a large, blue or black duffle bag with a Mercedes-type logo on the side.

Again, if you have any information on the suspects pictured above, please call the borough police at 814-234-7150.

UPDATE: Feb. 6 3:15 p.m.

Police released a statement earlier today:

The State College Police, in conjunction with the Philadelphia office of the Federal Bureau of Investigation, have identified a person of interest in the January 9th armed robbery of Kranich’s Jewelers in downtown State College.   The subject is in custody after being arrested for a jewelry store robbery in another state.