How America Came to Possess the Hope Diamond

In ‘This Week in History,’ we follow a ‘matchless’ diamond’s journey from the mines of India to French kings and finally to the ‘King of Diamonds.’
How America Came to Possess the Hope Diamond
The Hope Diamond in 1974. Public Domain
Dustin Bass
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Under the security of the 1598 Edict of Nantes, the Tavernier family remained in France. The Tavernier family were Huguenots, a group of French Protestants who had endured persecution by the French Catholics. The Edict had mandated the Catholics and Protestants coexist peaceably.

Seven years later, in 1605, Jean Baptiste Tavernier was born and he grew up to become one of the era’s great merchants and travelers, venturing even as a young boy throughout Europe. In 1631, he launched his first voyage to the East. Over the next 36 years, he made five such extensive voyages, visiting far-off places like modern-day Afghanistan, Cyprus, India, Indonesia, Iran, Iraq, Malta, Pakistan, Sri Lanka, Syria, and Turkey.

In 1666, Tavernier was in India, known for its diamond mines. At the time the imperial palace of Jahangir at Agra held an estimated 135,000 or more carats of uncut diamonds. Tavernier purchased an uncut diamond in Golconda, India, which he described as a gem of “beautiful violet.” The weight of this diamond was 112 3/16 carats.

When Tavernier returned to France in 1668, he sold a wealth of diamonds to King Louis XIV, among the diamonds was one with the violet sparkle. Along with payment, Tavernier was ennobled with an estate in Aubonne. Five years later, the king sent the violet jewel to the court jeweler, Sieur Pitau. Pitau recut the diamond down to 67 1/8 carats. The diamond, set in gold and held by ribbon, was renamed “Blue Diamond of the Crown,” also known as “French Blue.” It became part of the king’s accessories during royal ceremonies.

Jean Tavernier, in 1679, by Nicolas de Largillière. (Public Domain)
Jean Tavernier, in 1679, by Nicolas de Largillière. Public Domain
As for Tavernier, his adventures continued, and it was probably best he stayed on the move. By 1652, the peaceful coexistence of religion didn’t last. In 1685, Louis XIV revoked the Edict of Nantes. Protestants were forced to convert, go to prison, or leave the country. Just prior to this revocation, Tavernier accepted an offer to lead a German embassy into India. He never returned to France, and in 1689, on a journey to Moscow, he died.

Revolution and Stolen Jewels

Louis XIV reigned until his death in 1715. During those intervening 30 years, more than 200,000 Protestants fled France. Unlike Tavernier and the Protestants, the “Blue Diamond of the Crown” remained.

In 1749, Louis XV, great-grandson of Louis XIV, reset the diamond as the centerpiece of the emblem for the Order of the Golden Fleece, one of the most prestigious chivalric European orders of the era. Louis XV reigned until his death in 1774, giving way to his grandson Louis XVI.

This royal bloodline of the Bourbon Monarchy lasted until 1792. After more than 100 years of Protestant persecution, King Louis XVI signed the Edict of Toleration in 1787, which gave non-Catholics full civil rights. But the die had been cast, and revolution was in the air.

By Sept. 21, 1792, France had endured revolution for more than three years. On this day the National Convention dispensed with the monarchy and established the French Republic. Amid the chaos of abolishing the monarchy, the crown jewels were looted (between Sept. 11 and 17) and the “Blue Diamond of the Crown” stolen. It was not seen again for 20 years, and even then, there was uncertainty as to whether it was the diamond that had originated from India.

The Diamond Reappears

The diamond reappeared in London. Daniel Eliason, a London diamond broker, had the gem traced around with pencil by John Francillon, a local jeweler and lapidary. It appears obvious that Eliason possessed the diamond long before he had it documented. The tracing was done on Sept. 19, 1812, exactly two days after the 20-year statute of limitations had expired for crimes committed during the revolution. Additionally, Eliason found the right jeweler, as Francillon was a descendant of Huguenots.
The diamond is a “brilliant cut, and equal to a fine deep blue Sapphire. It is beauty full and all perfection without specks or flaws, and the color even and perfect all over the Diamond,” Francillon noted. “It is as finely cut as I have ever seen in a Diamond.”

The diamond was exquisite, but was it the actual “French Blue”? The gem had been cut further to 45 1/2 carats, now about 40 percent of its original size. Nonetheless, Eliason’s diamond was the talk of London for years. Commentators called it “matchless,” “superlatively fine,” “a nearly perfect blue,” and “superior to any other coloured diamond known.”

By 1816, it was valued at 30,000 pounds (nearly 3,670,00 pounds today or $4,700,000). There is speculation that by 1823, the diamond was back in the hands of royalty: King George IV to be precise. It is further speculated that when the king died in 1830, the diamond was sold to help pay off his debts.

The Hope Diamond Origin

Whether or not King George IV owned the stone, it famously resurfaced in 1839 as part of a Londoner’s gem collection. Thomas Hope, a wealthy banker, had purchased the diamond and placed it in the estate of his brother Henry Philip Hope. It was from this family that the stone obtained its lasting moniker: The Hope Diamond.

The diamond remained in the Hope family for more than six decades. It was on display at the 1851 Great London Exhibition. In 1858, Charles Barbot, the French gemologist, was the first to publish suspicions that the Hope Diamond was actually the “the blue diamond of France” because of “its rare perfection.”

Lord Henry Francis Hope in 1919. (Public Domain)
Lord Henry Francis Hope in 1919. Public Domain

Toward the end of the 19th century, the diamond landed in the imprudent hands of Thomas Hope’s grandson, Lord Henry Francis Hope, the Duke of Newcastle. Born to vast wealth, the 21-year-old spent frivolously. His expenditures and debt only increased when he married May Yohé, an actress from New York City. The marriage was rather short-lived, lasting from 1894 to 1902. To help pay off debts, Lord Hope sold portions of the family’s art collection, and finally the Hope Diamond.

Perhaps an indication of Hope’s poor money management, it was sold for 29,000 pounds to London jeweler Adolf Weil, who almost immediately sold it to Simon Frankel, of Joseph Frankel’s and Sons of New York City, for more than twice what he had paid for it. With the blue diamond in hand, Frankel returned to New York City aboard the German ocean liner Kronprinz Wilhelm.

A Short Stay in America

The diamond didn’t stay in America for very long. Due to the Panic of 1907, the Frankel family sold assets in order to avoid bankruptcy. In 1908, the company found a buyer in Selim Habib, a Turkish diamond collector. It was sold for $200,000 (nearly $7 million today), about $50,000 less than what Frankel had paid.

Shortly thereafter, Habib himself ran into financial trouble and was forced to sell the diamond. The financial troubles that seemed to follow the buyers caused commentators to speculate a curse came with the diamond. The Washington Post wrote a piece entitled “Hope Diamond Has Brought Trouble to All Who Have Owned It.” The speculation was hyperbolic, but considering the fall of the French monarchy, the supposed debt crisis of the English king, Lord Hope, the Frankels, and Habib, perhaps the theory wasn’t unfounded.

Habib brought the diamond back to its place of origin—the 69-carat version. The diamond was scheduled for auction in Paris in 1909, but it was pulled just before auction and sold to C.H. Rosenau, a diamond merchant. Rosenau then sold it to one of the most famous jewelers in the world: Pierre Cartier.

The third generation jeweler had recently founded the New York City branch of Cartier. Cartier had made the purchase in Paris for 500,000 francs, and sailed back to America hoping to resell it quickly.

Cartier and ‘King of Diamonds’

Although the Gilded Age had ended, northeastern heirs and heiresses still abounded. Evalyn Walsh McLean, the daughter of Thomas Walsh, who had struck it rich in a Colorado goldmine, and the wife of media magnate Ned McLean, had an affinity for jewelry. She once stated, “The truth is, when I neglect to wear jewels, astute members of my family call in doctors because it is a sign I’m becoming ill.”
Washington Post scion Edward "Ned" Beale McLean and his wife, mining heiress Evalyn Walsh McLean, in 1912. The couple owned the Hope Diamond for many years. (Public Domain)
Washington Post scion Edward "Ned" Beale McLean and his wife, mining heiress Evalyn Walsh McLean, in 1912. The couple owned the Hope Diamond for many years. Public Domain

Cartier had found his prospect. Ned McLean purchased the Hope Diamond for $180,000 in 1911. While he was at it, he also purchased the 94-carat Star of the East diamond. To stave off any possible curse, Evalyn took the diamond to church to have it blessed. It remained with her until her death in 1947.

The same year of Evalyn’s death, Harry Winston was dubbed “King of Diamonds.” The New York jeweler and gemologist had an eye for gems from an early age, and his portfolio of jewels was practically unmatched. In 1949, his moniker never rang truer, as he purchased Evalyn’s collection. Over the next decade, Winston shared his gems with the world as part of “The Court of Jewels” exhibitions.

“I want the public to know more about precious gems,” he explained. “With so much expensive junk jewelry around these days, people forget that a good diamond, ruby, or emerald, however small, is a possession to be prized for generations”

Winston fulfilled his desire in a most exceptional manner. It was during this week in history, on Nov. 10, 1958, that Harry Winston became the last private owner of the Hope Diamond; he donated it to the Smithsonian Institution. The Hope Diamond, with its glorious and mysterious history, immediately became the museum’s premier attraction. It remains one of the main attractions inside the National Museum of Natural History’s Harry Winston Gallery.

The 45.42-carat Hope Diamond is pictured on display at the Smithsonian National Museum of Natural History in Washington, Jan. 29, 2010. (Reuters/Jason Reed)
The 45.42-carat Hope Diamond is pictured on display at the Smithsonian National Museum of Natural History in Washington, Jan. 29, 2010. Reuters/Jason Reed
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Dustin Bass
Dustin Bass
Author
Dustin Bass is an author and co-host of The Sons of History podcast. He also writes two weekly series for The Epoch Times: Profiles in History and This Week in History.