Sotheby’s to Auction 8.41-carat, Fancy Vivid Purple-Pink Diamond

Gem Investing

Rapaport reported yesterday that Sotheby’s plans to auction an 8.41-carat, internally flawless, pear-shaped, fancy vivid purple-pink diamond at its upcoming Magnificent Jewels and Jadeite Auction.

Rapaport reported yesterday that Sotheby’s plans to auction an 8.41-carat, internally flawless, pear-shaped, fancy vivid purple-pink diamond at its upcoming Magnificent Jewels and Jadeite Auction. It’s estimated that it will sell for $12.8 to $15.4 million.

As quoted in the market news:

The 8.41-carat, internally flawless, pear-shape, fancy vivid purple-pink diamond (pictured) was cut in New York from a 19.54-carat rough diamond mined by De Beers. Its internally flawless clarity is extremely rare in pink diamonds, while its fancy vivid color grading is the highest color grading given by the Gemological institution of America (GIA).
The diamond will be viewed in Singapore, Taipei, New York, London, Geneva and Hong Kong prior to the auction.

Quek Chin Yeow, chairman of Sotheby’s international jewelry business in Asia, commented:

This color is one of the most beautiful and concentrated shades of pink in diamonds that I have seen. Together with its exceptional clarity, it is not surprising that it would command the highest per-carat pre-sale estimate for any pink diamond to date.

Click here to read the full Rapaport report.