The most expensive diamond in 2017 sold for $71.2 million USD

to Hong Kong-based jewelry retailer Chu Tai Fook. Over the last few months as the protests in Hong Kong have become heated Mr. Chu has been on the side of the government which has caught the eye of the international gem dealers, causing him to become a bit of a pariah.

The diamond went up for sale his and the Chinese government wanted to ensure that world's most expensive gem got a fair price. Mr. Chu approached Southerby's who was hesitant to get involved in what could be deemed a political gem sale. Despite his protests none of the world's leading auction houses the answer was always the same, they would not do the auction. This is when president Xi Jiping got involved to ensure that some good news could come out of China.

Last week it was reported that Rick Harrison, from Pawn Stars, had approached Xi Jinping saying that he would hold the diamond but couldn't promise more than $500 USD from the sale of the pendant. This infuriated the Chinese president threatened to take down the reality TV star, but Harrison was adamant telling Mr. Pooh, "If Chu wished to pawn the star, makes no difference who you are"

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πŸ“…︎ Nov 12 2019
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