Akin Gump Helps Clients Resolve Claim to One of the Largest Sapphires in the World

Feb 27, 2017 (Marketwired via COMTEX) —
NEW YORK, NY–(Marketwired – February 27, 2017) – Akin Gump has helped clients Auction House 43, Inc.; Modem Pawn Brokers, Inc.; and Boris Aronov successfully resolve a nearly year-long battle involving an extraordinarily rare unheated blue Kashmir sapphire (the “Royal Sapphire”). The Royal Sapphire was set to be auctioned in November 2015 by Phillips Auction House but was withdrawn from auction after representatives of a Geneva-based gem dealer claimed it was the same stone as one that went missing from the Four Seasons Hotel in Milan, Italy in 1996, just days before it was to be auctioned as one of the premier pieces of an auction billed as “The Magical Art of Cartier.” That sapphire was the largest faceted Kashmir sapphire ever to be set for auction.

In December 2015, a consortium of insurance…

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