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Flawless Pink Diamond to Lead Sotheby's Hong Kong Auction

Aug 17, 2014 9:30 AM   By Deena Taylor
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RAPAPORT... Sotheby's will auction a rare purple-pink diamond with a presale estimated between $12.8 million and $15.4 million at its upcoming magnificent jewels and jadeite autumn sale to be held on October 7.

The 8.41-carat, internally flawless, pear-shape, fancy vivid purple-pink diamond (pictured) was cut in New York from a 19.54-carat rough diamond mined by De 
Beers. Its internally flawless clarity is extremely rare in pink diamonds, while its fancy vivid color grading is the highest color grading given by the Gemological institution of America (GIA).

The diamond will be viewed in Singapore, Taipei, New York, London, Geneva and Hong Kong prior to the auction.

"This color is one of the most beautiful and concentrated shades of pink in diamonds that I have seen. Together with its exceptional clarity, it is not surprising that it would command the highest per-carat pre-sale estimate for any pink diamond to date," said Quek Chin Yeow, the chairman of Sotheby’s international jewelry business in Asia.

The current record price ever paid at auction for a diamond or gemstone is the Graff Pink, a 24.76-carat, fancy intense pink diamond bought by Lawrence Graff at Sotheby’s Geneva in November 2010 for $46.2 million or $1.86 million per carat. According to the auction house, the current record price per carat for a fancy vivid pink diamond is $2.15 million per carat set by a 5 carat diamond that sold in Hong Kong in January 2009 for $10.8 million.
Tags: Deena Taylor, diamond, diamonds, Hong Kong, Pink Diamond, Sotheby's
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