Hope Diamond
December 1, 2008 – 10:45 amImportant gems of this rank, now in private hands or held by gem merchants, tend to stay in circulation, sometimes with long periods of inactivity, until eventually they come to rest in a permanent museum collection. The odyssey of the Idol’s Eye is typical. It was discovered in the Golconda diamond-mining area of India early in the seventeenth century, a diamond of excellent color and purity weighing 70.2 carats. Seized by the East India Company for a debt payment in 1607, it dropped from sight for almost exactly three hundred years. At that time it was known to be in a temple at Benghazi, Turkey. Stolen and later pawned in Paris, it was sold into private ownership in Spain. Still later it was acquired by a gem dealer in Europe from whom it was eventually purchased by Harry Winston of New York. (Mr. Winston has been quite accustomed to buying and selling important gems. Many of the largest and best stones in the world have passed through his salon. In 1958 he donated one of these, the 44i/2-carat, deep-steel-blue Hope Diamond, to the Smithsonian Institution.) After acquiring the Idol’s Eye he sold it in 1947 to Mrs. Stanton of Denver.
In 1962 it went on auction at the prestigious Parke-Bernet Galleries in New York, where the high bidder was Mr. Harry Levinson, a well-known Chicago jeweler. The gem has been in motion now for almost four hundred years. There is only a slim possibility that it will come to rest in some great state crown since there are so few crowns needed. More than likely it will be transferred from hand to hand among the new nobility of wealth or, like the Hope Diamond, enjoy permanent public exposure in a museum.