Kelowna RCMP have executed outstanding warrants for the arrest of Regan Reaney: The owner of the world’s biggest facet cut emerald.
Reaney is accused of multiple fraud offences and has outstanding warrants for his arrest out of Hamilton, Ontario.
The Kelowna RCMP became aware of his warrants through interaction with Reaney and made the arrest once Ontario RCMP agreed to return him to their jurisdiction.
Reaney’s emerald is still set to go on auction today by Western Star Auctions, a family business based in Kelowna.
A representative from Western Star Auctions confirmed that the sale of the emerald would proceed, despite Reaney’s arrest; however, he wasn’t willing to comment further on Reaney’s multiple fraud offences.
The emerald—named Teodora, which translates to “Gift of God”—was mined from Brazil.
It’s said to be 57,500 carats and has an appraised value of $1.15 million.