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.
While the engagement ring may be the smaller of the two stones, it has become one of the most well-known diamonds in the world since Kanye proposed with it in 2013 at AT&T Park in San Francisco. When Kim posted an Instagram of North West holding the big ring in her little hand, it was one of those break-the-internet moments. The ring has also been immortalized on the wildly popular Kimoji keyboard.
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.”
Kanye got Kim another #Dflawless #type2a 20-carat emerald cut diamond ring in addition to her #LorraineSchwartz cushion cut center stone engagement ring valued around $8million, which is reportedly the most expensive celebrity engagement ring of all time. So now she has one for each hand —- [via @ehudaryelaniado]
Since the thieves were by all accounts highly professional, it does lead one to wonder if they were hired by someone who was just after the stones. “Even if the diamonds resurface 10 or 20 years from now, those stones are going to be very recognizable,” says DuMouchelle. “It’s a very small world of dealers and clients in the market for stones like those.”
Marion Fasel is the editorial director of TheAdventurine.com.