This rare beautiful spinel gemstone, was offered for sale for the first time in over 98 years. Bonhams London Fine Jewellery Sale

Hope SPinel
This gorgeous 50.13-carat octagonal step-cut spinel, call the the Hope Spinal, it is expected to fetch $240,000 – $310,000

If the Hope name sounds familiar it’s because it is also attached to the perhaps the world’s most famous diamond: The Hope Diamond. The 45.52-carat blue diamond is part of the permanent collection in the Smithsonian National Natural History Museum in Washington, DC.

According to Bonhams auction site this beautiful gem was named by London banker Henry Philip Hope. He had amassed a large gem collection, including the Hope Diamond and Hope Spinel, and kept it until his death in 1839. Hope never married and secretly gifted his collection of about 700 gems to a nephew to avoid inheritance tax. Family wrangling caused the collection to be split among two nephews.

Hope SPinel with Note

The spinel was eventually sold at auction in 1917 for approximately $1,600 (about $120,000 in today’s currency). It eventually turned up in the collection of Lady Mount Stephen, who was married to a Canadian philanthropist living in the UK. When Stephen died in 1933, the spinel went to her niece-by-marriage, Elsie Reford, who along with her husband, amassed one of the most important collections of art in Canada. The spinel was gifted to Elsie Refords’ granddaughter, who was also Lady Mount Stephen’s god daughter.

Who will be the new lucky owner?

KLH