<strong><span style="font-size: 12pt">An extremely rare translucent pink diamond fetched a price of $10.8 million (7.6 million euros) at a Sotheby's auction on Tuesday, the third-highest price ever paid for one of the pink stones at auction</span></strong><br /><br />"Last chance: 8.5 million francs. Sold!" auctioneer David Bennett said before a crowd of about 300 people gathered at a luxury hotel in Geneva, referring to the price before commission.<br />"It is the third-highest price for a pink diamond at auction," Bennett told journalists after the sale.<br /><br />The 10.99-carat, emerald-cut stone was classed as a type IIa diamond, with the type II category making up less than two percent of gem diamonds, Sotheby's said on its website.<br /><br />The pure colour of the diamond, mounted in a ring, is classified as "Fancy Intense Pink" by the Gemological Institute of America (GIA).<br /><br />Stones in this category are the most chemically pure and often have a rare transparency. They have been found in India and in more recent times in Brazil and Africa.<br /><br />Valued earlier at between 8.3 and 14.8 million Swiss francs, the pink diamond had come from a private collection and had not appeared on the market for more than 30 years.<br />Sotheby's said it was one of the highlights of its "Magnificent Jewels and Noble Jewels" auction in Geneva Tuesday.<br /><br />Another was an emerald and diamond tiara dating from 1900, as well as Kashmir sapphires and Burmese rubies.<br /><br />The tiara sold for $10 million, not including commission, at the top end of how it had been earlier valued.<br /><br />"I do not think that the market for coloured diamonds has ever been as strong as it is today," Bennett said.<br /><br />A 24.78-carat Fancy Intense Pink diamond was sold for a record $46.16 million at a Sotheby's auction in Geneva in November.   <div id="insert"></div>  <div class="clear"></div>  <div class="break"></div>

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An extremely rare translucent pink diamond fetched a price of $10.8 million (7.6 million euros) at a Sotheby's auction on Tuesday, the third-highest price ever paid for one of the pink stones at auction

Rare pink diamond fetches USD 10.8 million at Swiss auction

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Home / Entertainment / Bollywood News / Article / Rare pink diamond fetches USD 10.8 million at Swiss auction

Rare pink diamond fetches USD 10.8 million at Swiss auction

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