A struggling female soprano in 1934 Paris finally finds work after posing as a female impersonator, but it complicates her personal life when a visiting Chicago gangster finds himself inexplicably attracted to the seemingly male performer.
The bumbling Inspector Clouseau travels to Rome to catch a notorious jewel thief known as "The Phantom" before he conducts his most daring heist yet: a princess' priceless diamond with one slight imperfection, known as "The Pink Panther".