An Italian luxury jewelry store has reportedly sold a diamond worth more that $150,000, with a “lots of hype” surrounding it.
The Italian luxury Casa Royale is owned by the family of Italian President Sergio Mattarella, who was born in a wealthy family in Milan.
According to a report in The Local, the company has sold an 8.4-carat, 1.3-caratt and 1.4 caratt diamond ring to the president’s father Giuseppe Mattarella for $4.3 million, which is nearly two times the estimated value of the ring.
The report claims that the ring is believed to have been made by the same person who created the famous Casa della Rose, a ring in the Palazzo della Rosa that was sold for $20 million in 2005.
It is believed that the diamond was the gift of the president himself to Giuseppo, a man he is said to have met through his father.
Giuseppe was an architect and the son of a local billionaire, who has become the patron of the Italian government.
The president and his family have long been known to be close, having become embroiled in the 2008 presidential election that saw their son Mario ousted by the incumbent, Silvio Berlusconi.
According the report, the Casa Resort Casino is currently offering to sell the ring to its owner for the price of $4 million, while the casino itself has offered the price as high as $10 million.
It appears that Giuseppo’s daughter was one of the buyers, but it’s unclear if she had any role in the transaction.
Giulio Casarini, the owner of the Casas Casino Resort, told the Italian newspaper La Repubblica that he does not know the identity of the buyer.
He added that the buyer is the same as the one who sold the ring at the casino.
The purchase price of the diamond ring is said by the paper to be “a very good deal” because it is “the first one of its kind”.
The purchase of the rings comes at a time when many of the world’s wealthiest individuals are in search of the ultimate in luxury goods, particularly diamonds.
Casino Royale has a reputation for producing some of the highest quality diamond jewelry in the world, with its own collection of over 50 diamonds.