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Fancy Vivid Pink Diamond to List at Christie’s for $23-28M
Sep 29, 2015 3:37 AM
By Rapaport News
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RAPAPORT... Christie’s is to put up for sale what it describes as the largest cushion-shaped fancy vivid pink diamond ever to be offered at auction, valued at $23-28 million.
The 16.08-carat diamond is set in a ring and surrounded by a double row of pavé white diamonds, with a third row of small pink diamonds underneath. The band comprises small circular-cut white diamonds set in platinum.
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The auctioneer said the stone shows no trace of secondary color, “making it both attractive and exceptionally rare.”
It will be presented for auction from November 10 at the inaugural Magnificent Jewels auction in Geneva and is expected to break records for diamond sale prices.
In 2009 Christie’s Hong Kong sold The Vivid Pink, a cushion-shaped fancy vivid pink diamond of 5.00 carats, for $2.16 million per carat, which the auctioneer said is still the world auction record price per carat for any pink diamond.
Rahul Kadakia, international head of jewelry at Christie’s, said the diamond had come to market “at a time when great gems are mirroring prices achieved for masterpieces in the world of fine art. Collectors are looking to jewels as savvy investments that are both beautiful and can appreciate considerably in value over a relatively short period of time.”
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Tags:
auction, Christie's, Rapaport News
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