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‎‘Unique Pink’ Diamond Expected to Fetch up to $38 Million

April 10, 16 by David Brummer

(IDEX Online News) – Auction house Sotheby’s has announced that a rare pear-shaped 15.38-carat fancy vivid pink diamond will be put up for sale at the Magnificent Jewels and Noble Jewels auction in Geneva.

 

The stone, named ‘The Unique Pink’ has an estimated price tag of CHF 27.2 million to CHF 36.9 million ($28 million to $38.7 million). The stone is of particular interest due to its pure structure and clarity.

 

“The Gemological Institute of America, the highest body for grading diamonds, have given this stone their highest possible grading, which is vivid pink,” said worldwide chairman of Sotheby’s international jewellery division, David Bennett, according to a report on Reuters.

 

In November, rival auctioneers Christie’s sold a 16.08-carat cushion-shaped fancy pink diamond for a world record $28.5 million.