Qatar Royal Families Dispute Over Idol's Eye Diamond
Qatar Royal Families Dispute Over Idol's Eye Diamond

Qatar Royal Families Dispute Over Idol's Eye Diamond

News summary

A legal dispute over the 'Idol's Eye' diamond, valued between $10 million and $27 million, has emerged in London's High Court, involving two branches of Qatar's royal family. Sheikh Hamad bin Abdullah Al Thani, cousin of Qatar's emir, seeks to enforce his right to purchase the 70-carat gemstone from Elanus Holdings, tied to the family of former culture minister Sheikh Saud bin Mohammed Al Thani. The conflict revolves around a 2020 letter that QIPCO claims signifies a sale agreement for $10 million, which Elanus disputes, arguing it was sent in error and that the diamond is worth $27 million. Elanus maintains that discussions regarding a sale were exploratory and lacked consensus from all beneficiaries of the Al Thani Foundation. As the case progresses, it highlights the complexities of ownership and valuation within royal family assets. The case is now pending resolution in court.

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Left 67%
Center 33%
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Last Updated
9 days ago
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