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Rare Spinel to Be Up For Sale after a Century
By Gemexi Team | Jewelry Education- Updated On Mar 25, 2020
The acclaimed British auction house Bonhams will be putting up a rare spinel for sale later this month. The large spinel will be up for sale after nearly a century during the Fine Jewelry Sale in London.
The spinel called the “Hope Spinel” is a 50.13 carat stone in rose color and which is set on a 19th Century brooch. The octagonal cut of the spinel that has been used in the sterling silver and gold brooch is surrounded by diamonds.
The spinel which is commonly described to be of the “size of a small plum” is expected to be sold at approximately $310,000.
The Hope Spinel originally belonged to London banker Henry Philip Hope and his elder brother – the family which also owned the famous blue Hope Diamond. The spinel was caught in between a decade-long inheritance feud after Henry secretly gifted it away to a nephew. Incidentally the same nephew, Henry Thomas Hope, also had the possession of the Hope Diamond.
Henry’s grandson, who went bankrupt, sold both the Hope Diamond (in 1901) and Hope Spinel (in 1917). The spinel was bought by a Lady Mount Stephen, the descendants of whom are selling it through Bonhams today.
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