A Hong Kong pawnshop which bought a 16-carat yellow diamond is fighting to keep the gem after a London jewellers claimed it was stolen from them in a raid five years ago, a report said Saturday. The diamond was reportedly snatched from ultra high-end jeweller Graff Diamonds in 2007 after two Bentley-driving robbers pretending to be shoppers raided the shop and got away with a haul worth $20 million. Its origin was discovered when Hong Kong's Yau On Pawn Shop sent it to a New York gem-grading laboratory for certification, according to the South China Morning Post, prompting a lawsuit from Graff seeking its return. Danny Hung, a director at the pawnshop, told the paper that Yau On paid HK$3 million (US$386,000) for the diamond in November 2010. He said it was bought from a private seller who he described only as a Chinese national and that the shop had documentation for the purchase. "We've followed all necessary procedures," he said, adding that the shop "will not give up" its legal battle for the ownership of the gem. Hung could not be immediately reached for comment by AFP. The diamond is now being held at the New York laboratory pending the lawsuit filed by Graff at a court in Manhattan. Hong Kong police regularly update pawnshops on property reported stolen in the city, according to the Post, but Hung said the list does not include items stolen overseas.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor