WASHINGTON, D.C. — The Smithsonian’s three-month summer exhibition of seven privately owned, rare diamonds opened in Washington late last month with a splashy dinner filled with diamond executives and plenty of cutting conversation.

The Israel-based Steinmetz Group of Companies contributed $250,000 to sponsor the event and Nir Livnat, Steinmetz’s president, explained its timing. “We wanted to wait until after we launched the Steinmetz pink diamond in Monaco in June, and we have to end the show Sept. 15 so the De Beers Millennium Star can be featured at the opening of the De Beers LV store in Tokyo in October,’’ he said.

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