Black Star Sapphire of Queensland Being Held Captive

This story sounds like something seen in a movie theater. Famous Beverly Hills jeweleris being accused of a pretty big crime. He could end up paying dearly for it if he is found guilty.

Jack Armstrong and Gabrielle Grobe-Guiton are jewelers and the owners of the valuable 733-carat Black Star Sapphire of Queensland. Unfortunately they can't get their hands on it because Harry Winston is holding it hostage.

A lawsuit has been filed with the LA County Superior Court stating that famed jeweler H.W. was sent the gem on loan and now won't return the valuable sapphire.

Armstrong is claiming to have a potential buyer for the stone and needs to have the piece appraised but Winston will not give it up. In the lawsuit Armstrong is asking for $5 million in damages and a whopping $20 million for punitive damages.

Check out a picture of the stone on TMZ here.