Exceptional Pink Diamond To Be Auctioned. It Could Fetch $35 million

The largest pear-shaped fancy vivid pink diamond ever put up for auction could fetch up to $35 million in a rare jewel sale Christie's has scheduled for November 8.

"The diamond weighs 18.18 carats, which is of course an extremely fortuitous number for Asian collectors. We’ve had a huge amount of interest around the world already," said Max Fawcett, head of Christie’s jewelry department in Geneva.

Fortune Pink Diamond Expected To Fetch $35 million
The diamond to be auctioned by Christie's is an exceptional gemstone.

"The color is exceptional. It’s a true vivid pink and a clean stone. It really, really is a gem and something that we haven’t seen in a long time at Christie’s," he added, according to Reuters.

The gemstone, known as the Fortune Pink Diamond, could fetch between $25 million and $35 million.

Fortune Pink Diamond will be exhibited at Christie’s New York the week of October 3, before touring Shanghai, on October 10 – 13, Taiwan, on October 21 – 23, and Singapore, on October 28 - 30. The diamond will then be on public display during Christie’s Luxury Week at the Four Seasons Hotel des Bergues Geneva from November 2 to 8.

Other Famous Pink Diamonds

The largest vivid pink diamond sold at Christie’s was the 18.96-carat Winston Pink Legacy, which sold for $50.4 million in 2018, a world record price per carat for a pink diamond at auction.

In 2020, a rare pink diamond derived from the biggest raw stone of the color ever found in Russia was sold for $26.6 million at Sotheby's in Geneva. Dubbed "The Spirit of the Rose", the 14.83-carat stone's final sale price including commission set a world record for a purple-pink diamond.

Pink diamonds are the rarest of the precious gems and some of the most in-demand on the global market. According to Sotheby's, five of the 10 most expensive diamonds ever sold have been pink.

The world record for a pink diamond was set in 2017 when an exquisite stone - CTF Star Pink - was auctioned in Hong Kong for $71.2 million.

Foto credit: Christie's Images LTD

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