Upcoming auction of a very rare fancy pink diamond. August 19, 2014 – Posted in: The World of Diamonds – Tags: fancy pink diamonds, pink diamond, pink diamond engagement ring, pink diamond ring, rare diamond
Fancy Pink Diamond
At the upcoming Sotherby’s to be held in October there will be a chance to bid on a very rare pink diamonds which is being tipped to sell for between $12.8 million and $15.4 million.
The specs on this whopping stone are as follows. 8.14 carats, internally flawless, pear shape, fancy vivid purple-pink diamond. It is not often you will see such a beautiful pink diamonds
The stone was cut in New York from a rough diamond mined by DeBeers and uncut weighed 19.54-carats.
What makes this stone so special is the fact that it is internally flawless, and this level of clarity is extremely rare in pink diamonds especially on of this size. It is also worth mentioning that the Gemological institution of America (GIA).
gives it highest colour grading to this fancy vivid colour.
The diamond will be viewed in New York, Taipei, New York, London, Singapore, Geneva and finally in Hong Kong just before the auction.
What fascinates diamond experts and collectors alike is the vividness of the colour of the stone. It is said to have be one of the most beautiful and concentrated colours of pink diamond to come to auction in recent history. This coupled with the extraordinary clarity is what auctioneers predict to be a guiding factor in what may prove to be the highest per-carat pre-auction price for any pink diamond to date and may indeed break records on the day.
A little recap on the highest prices paid for pinks ?
The record price ever paid for a diamond currently stands with the Graff Pink which is a 24.76 carat fancy intense pink. This stone was purchased by Graff in Geneva in 2010 for $46.2 million which works out at a tear inducing 1.86 million per carat.
To top that the record PER CARAT ever paid for a diamond was for another fancy pink and was for a 5 carat stone which sold for $10.8 million. That works out at a mind-numbing, eye-squinting $2.15 million per carat.
Just in case you didn’t already know a carat is .2 of a gram.
Where did it sell …….. you’ve got it…………Hong Kong.