Sotheby's to Sell 10.57-ct Pink Diamond with $35m Estimate

By John Jeffay / March 30, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Sotheby's New York is to sell an ultra-rare 10.57-carat "bubblegum pink" diamond with an estimate of over $35m.It says the Eternal Pink, a cushion-cut internally flawless fancy vivid purplish pink gem, is the most vivid pink diamond ever to come to market.It also says it could challenge the price per carat record for any diamond or gemstone sold at auction, although that would need a buyer to go way above estimate and pay over $54.7m.Sotheby's says the stone carries the highest price per carat estimate ever placed on any diamond or gemstone ($3,311,258).The record for the price paid per carat actually paid is currently $5,178,124, held by the Williamson Pink Star, a 11.15-carat fancy vivid pink internally flawless diamond.The highest price ever paid for any pink diamond is $71.2m, by China's biggest jeweler, Chow Tai Fook, at an auction held by Sotheby's Hong Kong, in April 2017.The Eternal Pink was was mined by De Beers at the Damtshaa mine, in Botswana, as a 23.78-carat rough stone and was cut by Diacore over a six-month period.It will headline the Sotheby's Magnificent Jewels auction in New York on 8 June after viewings in Hong Kong, Singapore, Shanghai, Taiwan, and Geneva.Pic courtesy Sotheby's.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok