A “Stamp Sized” Pink Diamond Could Set A Record

150924_pink_diamond_660

The largest diamond of its kind is set to go to auction later this year and the sales price could be as high as $28 million.

The 16.08-carat diamond will be the highlight of Christie’s Magnificent Jewels auction in Geneva coming up on November 10.

The Fancy Vivid Pink diamond is described as “stamp-sized” and is the largest Fancy Vivid Pink diamond ever sold at auction.

“The fancy vivid pink grading means the hue is of the purest and strongest saturation,” said Rahul Kadakia, Christie’s head of jewelry.

“The color is even and shows no trace of a secondary color that may include purple, orange brown or grey in pink diamonds of a lower grade.”

The pre-auction estimate for the diamond has been set for between $23 and $28 million (USD).   The current per-carat record price for a pink diamond is $2.1 million.   To break that record, this diamond would need to sell for at least $33,768,000.   Considering that amount is only $5 million above the high-end estimate, it is possible that this record could fall.

Advertisements

One thought on “A “Stamp Sized” Pink Diamond Could Set A Record

  1. Pingback: A Possible Record-Breaking Diamond Headlines Upcoming Auction | Ouroboro Diamonds

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s