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 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained 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