Golden Eye Diamond

Last updated
Golden Eye
Golden Eye Diamond USM.jpg
Weight43.51 carats (8.702 g)
Country of origin Kimberley, Northern Cape, South Africa
Mine of originmine 20
Discoveredmine
Original ownerAbdullah Bhalli
OwnerJerre Hentosh

The Golden Eye Diamond is a flawless 43.51-carat (8.702 g) Fancy Intense Yellow diamond, claimed by one of its past owners to be the world's largest of its cut and color. [1] [2] It is believed to come from the Kimberley area of South Africa. [3] Tom Moses, a senior vice president with the Gemological Institute of America, agrees that it came from South Africa, but it has not been able to be determined the mine of origin. [4]

Contents

Ownership and history

Upon the arrest of Ohio businessmen Paul Monea and Mickey Miller, its actual ownership was unclear. [5] The Federal Bureau of Investigation seized the diamond following an undercover investigation of Monea and Miller that resulted in his conviction for money laundering and the diamond's forfeiture to the U.S. government in 2007. [5] Amid Monea and Millers prosecution, 17 claimants came forward in the case to claim ownership, or an ownership interest, in the Golden Eye Diamond (Akron Federal Court Case No. 5:07CR0030). The Court ruled that three claimants had colorable ownership claims and would be allowed to proceed to civil trial: Charity Fellowship Church, Jerry DeLeo of Corona Clay Corp., and The Monea Family Trust. The court found that the Church and Jerry DeLeo had spent nearly $1,000,000 to cut and develop the 124.5 carat gem. Monea and his trust were never able to establish ownership or purchase of the rough stone, although extensive evidence was presented of the diamond's origins with newspaper articles and researched records. The uncontested evidence showed that the Golden Eye Diamond had been obtained from the VanWyke family of Kimberly South Africa most recently, and that the stone had been held by the family for some 150-years. The original VanWyke was neighbor to the De Beers, and discovered the 124.5 carat Paragon on his property in the DuToit's Pan Mine, in Kimberly South Africa, in 1871. This evidence has never been disproven,[ citation needed ] and for over 150-years no other diamond on earth was thought to be the original DuToit II Diamond (the first African diamond found over 100-carats).

The diamond was ultimately approved to be auctioned by a federal judge. The court also found that, although people had ownership claim, Monea's conspiracy to sell the diamond existed - somehow - before Monea even owned the diamond. [6] Its sale was planned tentatively in January 2011, [7] but after a delay it was announced it will be sold via online auction in September 2011, [8] with a minimum bid of $900,000. [5] The Diamond is currently owned by Jerre Hentosh after he won it via online auction on Bid4Assets with a winning bid of $2.84 million. [9]

See also

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References

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  2. "Notable Diamonds". Smileosmile.com. Retrieved 2010-10-24.
  3. "43.5-Carat Golden Eye Diamond Makes it to Auction Block". The Christian Post. Retrieved 2011-09-26.
  4. CORNWELL, LISA (13 Aug 2011). "Huge diamond forfeited in Ohio to be auctioned". Associated Press. Retrieved 14 Aug 2011.[ permanent dead link ]
  5. 1 2 3 "Rare diamond seized from money launderer set for online auction". This Just In (blog). CNN. August 11, 2011. Retrieved 2011-08-12.
  6. Landau, Avida (2009-05-14). "Golden Eye diamond heading for the auction". Diamond News. The Israeli Diamond Industry. Archived from the original on 2009-05-18. Retrieved 2009-05-15.
  7. Botos, Tim. "After the Headlines: Giant diamond seized by FBI may be sold at auction in January". CantonRep.com. Archived from the original on 2010-01-12. Retrieved 2010-10-24.
  8. Galbincea, Pat. "Flawless 'Golden Eye Diamond' will be sold in online auction". Cleveland Live, Inc. Retrieved 2011-08-09.
  9. "Guess who bought the Golden Eye diamond?". CantonRep.com. 2011-09-08. Archived from the original on 2011-09-28. Retrieved 2011-09-27.