Rare diamond may rake in 50 million dollars

Updated: Nov 11, 2018, 09:48 IST | Agencies | Geneva

At nearly 19 carats, the vividly coloured gem is extraordinary, Jean-Marc Lunel, an international jewellery specialist at Christie's said

The Pink Legacy, an exceptionally large pink diamond, is set to go under the hammer at Christie's in Geneva next week, when it is expected to bring in up to $50 million.

At nearly 19 carats, the vividly coloured gem is extraordinary, Jean-Marc Lunel, an international jewellery specialist at Christie's said. "If you consider that most pink diamonds weigh less than a carat, it is really something," he said. The gem, which on November 13 will be offered at auction for the first time, has been estimated at between $30 million and $50 million.

"It is probably the most beautiful [specimen] ever presented at public auction," he said, insisting there was good reason to expect the rock to snatch an extraordinary price.

The rectangular diamond has been graded "fancy vivid", the highest possible grade of colour intensity. Christie's pointed out that in the salesroom, fancy vivid pink diamonds over 10 carats are "virtually unheard of" and that only four vivid pink diamonds or over 10 carats have ever been offered for sale at auction.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
loading image
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK