Rare ‘Eternal Pink’ Diamond Worth $35 Million Set for Auction in New York

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Rare ‘Eternal Pink’ Diamond Worth $35 Million Set for Auction in New York


Last Updated: March 30, 2023, 06:36 IST

A mannequin holds a ten.57 carat vivid pink diamond, with an estimated worth of moe than $35 million US {dollars}, throughout a press preview at Sotheby’s in New York City on March 27, 2023. (AFP)

Pink diamonds are among the many rarest and most sought-after gems in the world and thought of a serious draw for traders

A uncommon, vividly rosy-purple diamond, known as the Eternal Pink and valued at $35 million, is about to be auctioned off by Sotheby’s as a part of its Magnificent Jewels sale in New York in June.

The 10.57-carat stone is being marketed as probably the most worthwhile purplish-pink diamond ever dropped at public sale, with the best ever pre-auction worth per carat estimate, in keeping with Sotheby’s.

“Its refined strains mixed with the depth of its colour earn it a spot as one of many world’s most extraordinary gems,” Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America said of the cushion-cut diamond.

According to Sotheby’s, the stone, which was mined in Botswana, is “comparable to ultimate masterpieces of art — far rarer than a Magritte or a Warhol,” because of its readability and lack of imperfections.

Pink diamonds are among the many rarest and most sought-after gems in the world and thought of a serious draw for traders.

The report for highest-ever public sale worth for such a stone is held by the CTF Pink Star, which was bought for $71.2 million in Hong Kong in 2017.

The Williamson Pink Star diamond, which bought for $57.7 million in 2022, additionally in Hong Kong, holds the report for the best worth per carat, at almost $5.2 million.

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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)



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