Kim Kardashian’s Stolen Jewelry Will Be ‘Almost Impossible to Sell,’ Expert Says
October 5, 2016
With the shocking news of Kim Kardashian’s robbery at gunpoint Sunday night in Paris at the exclusive No Name Hotel came the details of what the masked thieves had stolen: two smartphones and jewelry. While the phones could surely contain personal photographs and information with significant value on the open market, the estimated value of the jewelry heist was revealed to be an eye-popping $11.2 million.
Among the jewels rumored to be stolen is the 20-carat emerald-cut diamond ring worth a reported $4.5 million that was recently given to Kardashian by her husband. After debuting the Lorraine Schwartz-designed diamond, which has the highest color grade possible for a gem — D-Flawless, Type IIa — at the Grammys, the star hadn’t been shy about showing it off on social media. Another jewel likely among Kim’s collection was her 15-carat cushion-cut diamond engagement ring. Also by Lorraine Schwartz, the D-Flawless Type IIa ring has been valued at anywhere from $1.5 million to $3 million and was Snapchatted by Kardashian while she was in Paris for fashion week shows.
In addition to being exceptionally rare, part of what complicates the resale of these gems, though, is their notoriety. “They are so famous and identifiable from a gemological perspective, it will be almost impossible to sell them,” says Joseph DuMouchelle of DuMouchelle International Auctioneers & Appraisers. “Even if the thieves had the stones slightly recut to alter their appearance and submitted them to a lab for a certificate, they would be identifiable as Kardashian’s diamonds. Gems that big and rare have individual characteristics you don’t see in two stones.”