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Nobody spoke above a whisper as we waited for the first glimpse in half a century of one of the world's most extraordinary gems.

The Wittelsbach-Graff Diamond was last seen in public at the 1958 World Exhibition in Brussels.

The couple, both 71, were listed at London’s High Courts of Justice to have their marriage annulled with a decree nisi.

But at the 11th hour, their hearing was adjourned and Mr Graff’s spokesman insisted the couple were not divorcing.

"I had the opportunity to examine and value it in my own offices, and I came to the conclusion it was one of the rarest stones I'd ever seen." 'True perfection'Initially valued at around $15m, Mr Graff paid more than $25m.