Legal Tangle Over 230-Carat Diamond
Legal Tangle Over 230-Carat Diamond
LOS ANGELES (CN) - A diamond dealer claims a buyer reneged on a deal to buy the world's 12th-largest diamond for $23.5 million, which caused her longtime friend, casino magnate Steve Wynn, to fire her.
Diane Breitman dba Queen of Diamonds sued Brett Stettner and Winston-Stettner, in Superior Court. The claim involves "a 230-carat white pear-shaped diamond Cartier necklace known as the Wynn Diamond and the ill-fated $23,500,000 private sale agreed upon in June 2011," the complaint states.
Breitman claims Stettner strung her along for the better part of 5 months, though he had "no intention or ability to consummate the sale" of the diamond, owned by Wynn Resorts. And she says Stettner interfered with her attempts to sell the diamond to other buyers.
"The world renowned Queen of Diamonds brokered a sale of the Wynn Diamond to a Texas 'large diamond dealer' named Brett Stettner, who despite what he promised, and despite his representations that he was the actual buyer, couldn't pull it off," the complaint states. "Not only did Stettner renege on his contract, he misrepresented both his ability to pay the price in the first place, and also that he was the true buyer, when, in fact, he was only acting as a broker. Then he reneged on his settlement agreement. Then he lied about being the new owner of the diamond, casting an air of suspicion and mistrust over the whole transaction and those involved, and making it much more difficult for Diane Breitman to sell the Wynn diamond to any of several qualified buyers who were interested. Finally, he then conspired with others to send 'fake' buyers to Diane Breitman in a successful scheme to waste her time, and discredit her and cause Steve Wynn, the seller, to fire Diane Breitman as the exclusive selling agent."
http://www.courthousenews.com/2012/02/03/43608.htm
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