Auctions

13-Carat Pink Diamond Pulled from Jewelry Auction Allegedly Stolen

AuctionsDec 13, 2022

13-Carat Pink Diamond Pulled from Jewelry Auction Allegedly Stolen

It’s believed to be part of a $90 million scheme perpetrated by a man who billed himself as a psychic online.

20221213_Pink-diamond.jpg
This 13-carat pink diamond was withdrawn from a recent jewelry auction at Christie’s, and though no reason was given at the time, reports have emerged that it allegedly was stolen.
New York—A big pink diamond pulled from a recent Christie’s jewelry auction was withdrawn because it was allegedly stolen, recent reports have found. 

Christie’s unveiled the 13.15-carat, VVS1/potentially internally flawless fancy vivid pink diamond ring in mid-November, billing it as a highlight of the Dec. 6 Magnificent Jewels auction in New York.

It had a pre-sale estimate of between $25 million and $35 million.

Not long after its debut, the diamond was pulled from the auction. Christie’s confirmed the stone’s withdrawal to National Jeweler but did not offer any further explanation or comment.

Recently, reports have been emerging about the diamond’s history and why it was withdrawn.

According to court documents first uncovered by Court Watch, the diamond allegedly was stolen from an unnamed wealthy individual who lives in Doha, Qatar. 

An employee of this individual contacted a man named John Lee, who had advertised himself as a psychic online.

The employee sent Lee some of their jewelry to have it “cleansed of bad spirits.” 

When said employee’s jewelry was returned but they were still experiencing “bad feelings,” Lee encouraged the employee to send him some of the employer’s jewelry for cleansing, court documents state.  

 Related stories will be right here … 

The employee removed jewels from their employer’s safe and sent them to Lee at addresses in Davenport, Florida, and Paramus, New Jersey.

In addition to the large pink diamond, jewels shipped to the “psychic” included an approximately 42-carat white diamond, as well as two large yellow diamonds, according to court documents.

Instead of returning the jewelry, Lee allegedly sold the goods to a jeweler.

The pink diamond then showed up at auction, where it was recognized and eventually identified as a stolen diamond belonging to the wealthy Qatari.

Agents from the U.S. Department of Homeland Security were present at a private viewing in which the diamond was identified and “took immediate possession of the stone, as it was readily apparent the diamond was stolen property,” according to court documents.

Christie’s didn’t respond to National Jeweler’s request for comment on the case by press time but confirmed to Rapaport it had cooperated with the authorities.

According to the court documents, at least 17 gems and jewels valued at more than $90 million have been identified as stolen as part of this alleged psychic’s scheme. 

Lee is being charged with wire fraud, mail fraud, and interstate transportation of stolen goods. 

The Latest

Leonard Zell
MajorsAug 26, 2024
Longtime Industry Sales Trainer Lenny Zell Dies at 97

Said to be the first to write a jewelry sales manual for the industry, Zell is remembered for his zest for life.

IWC Schaffhausen Pilot’s Watch Chronograph Edition Polaris Dawn
WatchesAug 26, 2024
IWC Is Sending Its Watches to Space

The company outfitted the Polaris Dawn spaceflight crew with watches that will later be auctioned off to benefit St. Jude’s.

Gumuchian’s Spectrum Necklace
CollectionsAug 23, 2024
Piece of the Week: Gumuchian’s Colorful ‘Spectrum’ Necklace

Anita Gumuchian created the 18-karat yellow gold necklace using 189 carats of colored gemstones she spent the last 40 years collecting.

Supplier Spotlight -Recorded-Webinar.png
Brought to you by
Watch: Natural Diamonds: A Great (but Often Untold) Geology Story

Supplier Spotlight Sponsored by GIA.

2,492 carat rough diamond
SourcingAug 22, 2024
2,492-Carat Diamond Recovered From Botswana Diamond Mine

The giant gem came from Karowe, the same mine that yielded the 1,109-carat Lesedi La Rona and the 1,758-carat Sewelô diamond.

Weekly QuizAug 23, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Kaley Cuoco, Tom Pelphrey, Matilda Pelphrey, and the engagement ring
TrendsAug 22, 2024
Kaley Cuoco Has a Three-Stone Engagement Ring With a Twist

The three-stone ring was designed by Shahla Karimi Jewelry and represents Cuoco, her fiancé Tom Pelphrey, and their child.

Xarissa B Greenwich St Jewelers collection
CollectionsAug 22, 2024
Greenwich St. Jewelers Collabs with TikTok Jewelry Content Creator

The Manhattan jewelry store has partnered with Xarissa B. of Jewel Boxing on a necklace capsule collection.

Supplier Spotlight -Recorded-Webinar.png
Brought to you by
Watch: Forging the Next Generation of Skilled Bench Jewelers at GIA

Supplier Spotlight Sponsored by GIA

Instagram Notes
TechnologyAug 21, 2024
Instagram’s Notes Feature Expands to Posts, Reels

Acting as temporary virtual Post-it notes, Notes are designed to help strengthen mutual connections, not reach new audiences.

Carol Woolton
TrendsAug 21, 2024
Carol Woolton To Release New Book

The jewelry historian discusses the history and cultural significance of jewelry throughout time and across the globe.

State Property diamond and jet black enamel earrings
TrendsAug 21, 2024
Amanda’s Style File: Shimmy and Shake

From fringe and tassels to pieces that give the illusion they are in motion, jewelry with movement is trending.

Jan Yager
IndependentsAug 20, 2024
Mixed-Media Jewelry Artist Jan Yager Dies at 72

The designer and maker found community around her Philadelphia studio and creative inspiration on the sidewalks below it.

National Jeweler columnist Emmanuel Raheb
ColumnistsAug 20, 2024
Google Ads Payment Policy Change: What It Means For You

The change to accepted payment methods for Google Ads might seem like an irritation but actually is an opportunity, Emmanuel Raheb writes.

Pat Henneberry
IndependentsAug 20, 2024
Pat Henneberry Releases Memoir

The industry consultant’s new book focuses on what she learned as an athlete recovering from a broken back.

Cut and rough colored gemstones
Events & AwardsAug 20, 2024
The Ethical Gem Fair Is Going to California

The fair will take place on the West Coast for the first time, hosted by Altana Fine Jewelry in Oakland, California.

Kathy Hillelson, new WJA Foundation board member
MajorsAug 20, 2024
Kathy Hillelson Joins Board of WJA Foundation

Hillelson is a second-generation diamantaire and CEO of Owl Financial Group.

 2025 Gem Awards logo
Events & AwardsAug 19, 2024
Nominations Are Open for the 2025 Gem Awards

Submissions in the categories of Jewelry Design, Media Excellence, and Retail Excellence will be accepted through this Friday, Aug. 23.

Clements Jewelers employees
IndependentsAug 19, 2024
Kentucky Jeweler Closing After 89 Years

Clements Jewelers in Madisonville cited competition from larger retailers and online sellers as the driving factor.

A and C Gem Trading Corp.
SourcingAug 19, 2024
A&C Gem Trading Corp. Relocates, Opens Wholesale Showroom

The gemstone company is moving to the Ross Metal Exchange in New York City’s Diamond District.

Green Vault Museum jewelry display
CrimeAug 16, 2024
Jewels Stolen During Green Vault Heist Back on Display

Most of the 18th century royal jewelry taken from the Green Vault Museum in Dresden, Germany, in 2019 went back on display this week.

Louis Anthony Jewelers
IndependentsAug 16, 2024
Louis Anthony Jewelers Announces First Resort Store

The Pittsburgh jeweler has opened a store in the nearby Nemacolin resort.

Jonne Amaya Cat Claw Necklace
CollectionsAug 16, 2024
Piece of the Week: Jonne Amaya’s ‘Cat Claw’ Necklace

With a 40-carat cabochon emerald, this necklace is as powerful and elegant as a cat.

Ross and Stefanie Wesdorp
Events & AwardsAug 16, 2024
IJO Names Jewel-Craft as VIP Vendor of the Year

The Erlanger, Kentucky-based company was recognized for its reliability when it comes to repairs and fast turnaround times.

Greenland Ruby mine
SourcingAug 15, 2024
Greenland Ruby Is Up For Sale

Unable to pay its debts, the ruby and sapphire miner is looking to restructure and become a “competitive and attractive” company.

Paola De Luca presenting her Trendbook
TrendsAug 15, 2024
Paola De Luca to Debut Trendbook 2026+ at Vicenzaoro

The trend forecaster’s latest guide has intel on upcoming trends in the jewelry market.

Heather Ingraham
Events & AwardsAug 15, 2024
Heather Ingraham Awarded WJA Helene Fortunoff Scholarship

Ingraham said she’ll use the scholarship funds to attend the Women’s Leadership Program at the Yale School of Management.

Moijey Fine Jewelry & Diamonds students
IndependentsAug 15, 2024
DC Jeweler Schools Students About Jewelry Via Summer Program

Moijey Fine Jewelry & Diamonds held a three-week “Mine to Finger 3D Jewelry Program.”

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy