That’s just one of the lessons from a convoluted lawsuit involving Sotheby’s and 45 yellow diamonds. The diamonds had been the property of Jadelle Jewelry and Diamonds of Beverly Hills, owned by Jona Rechnitz, a political fundraiser well-known in New York and Hollywood celebrity circles. M&L sued Sotheby’s in 2020, arguing the gems should never have been released to an agent of Jadelle. Rechnitz had recommended Sotheby’s, M&L alleged, adding that it later found out Rechnitz was friends with the auctioneer’s jewelry specialist Quig Bruning. M+L Financial could also not be reached for comment.

Source: CNN July 25, 2022 21:24 UTC