Saturday, 11 July 2020

'Princie Pink' at center of legal battle

The 'Princie Pink' is 34.65 carats and was sold to a member of the Qatari royal family in 2013 at a jewelry auction at Christie’s for $39.3m. The cushion-cut fancy intense pink diamond was discovered 300 years ago in the Golconda mines.

A lawsuit filed by an Italian family claims that Christie’s sold the diamond despite accusations that it had been stolen. An appellate court in New York delivered a ruling in favor of the descendants of an Italian politician who are trying to prove that the stone is rightfully theirs.
Italian senator Renato Angiolillo's descendants said that he bought the stone at Van Cleef & Arpels in 1960, the same year that he married his second wife, Maria.

Angiolillo died in 1973; the plaintiffs assert that under Italian law at the time, all of his possessions should have gone to his children, not his spouse, unless they were explicitly left to her.