Hong Kong's very own Yau On 押 presented a “16.28 carat modified cushion cut diamond” to the GIA valuation centre in New York.
The valuation centre supposedly had assessed the same stone before, when it was still owned by Graff and had detailed information about its grade and structure on file.
Graff suffered a robbery 5 years ago which the diamond was part of the loot.
Graff wants it back.
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Lesson is,
1. Diamonds have its own unique identifiable "finger prints"... traceable... ie. notice to all private bankers... taxman can now come after it... advice your clients to buy things that can be melted and untraceable... like silver haha
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Here's the article...
Stolen diamond 'in Hong Kong'
A 16-carat diamond that was stolen in a £13 million jewellery heist in London five years ago has turned up in a Hong Kong pawn shop, according to court papers.
Large Diamond; A 16-carat diamond was stolen in a £13 million jewellery heist in London five years ago
By Amy Willis, Los Angeles7:24AM GMT 13 Jan 2012
The gem, a rare yellow stone, was discovered during a valuation at the Gemological Institute of America (GIC), a non-profit organisation in New York that grades and certifies valuable stones.
The jewel is believed to have been among dozens of precious items stolen from the Graff jewellery store in Sloane Street in London five years ago.
Two smartly-dressed men walked into the high-end store and pulled out silver handguns after passing through the shop’s security airlock.
The pair then helped themselves to millions of pounds worth of necklaces, pendants, rings and jewels before leaping into their £85,000 Bentley and speeding away.
No arrests were made after the incident despite CCTV footage of the men being released.
None of the jewels have been recovered since the theft.
The suspect gem was discovered after the Yau On pawn shop in Hong Kong presented a “16.28 carat modified cushion cut diamond” to the GIA valuation centre in New York, the court papers said.
However, the valuation centre had assessed the stone before the theft and had detailed information about its grade and structure on file. The 16.68-carat gem had been recut but it was still identifiable, the court papers said.
Graff diamonds is now suing the pawn shop to recover the jewel.
"Graff is and was the true owner of the diamond and entitled to immediate possession of the diamond," but the pawn shop won't let the institute return the gem, the lawsuit says.
The yellow diamond is being kept at the GIA’s laboratory while the outcome of the court battle is decided. The pawn shop insists the gem belongs to them.
The value of the rare stone remains a mystery.
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