Edward Beale McLean - Hope Diamond Ownership and Subsequent Family Misfortunes

Hope Diamond Ownership and Subsequent Family Misfortunes

On January 28, 1911, in a deal made in the offices of The Washington Post, McLean purchased the Hope Diamond for US$180,000 from Pierre Cartier of Cartier Jewelers on Fifth Avenue in New York City. A clause in the sale agreement for the diamond, which was widely believed to have brought death and disaster to its owners, stated that "Should any fatality occur to the family of Edward B. McLean within six months, the said Hope diamond is agreed to be exchanged for jewelry of equal vale". By March, the diamond had not been paid for in accordance with the terms in the sale agreement. Cartier hired a lawyer to sue McLean for payment. McLean responded by saying that the diamond was on loan for inspection. On February 2, 1912 The New York Times reported, "Wealthy Purchasers of Famous Stone to Retain It Despite Sinister Reputation."

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