ULTRA-RARE PINK DIAMOND TO GO UNDER HAMMER IN GENEVA

Mon 26 September 2022:

The Fortune Pink, an extremely rare giant gemstone, will be auctioned in Geneva in November for up to $35 million (36 million euros), auctioneers announced Monday. The vividly colored gem, weighing more than 18 carats, is the largest pear-shaped pink diamond of its quality ever offered for sale at auction, according to Christie’s.

The diamond’s value has been put between $25 million and $35 million, and it will be auctioned off for the first time on November 8.

The brilliant pink stone, which is shaped like a teardrop and is set on a ring with two sizable white diamonds on either side, weighs exactly 18.18 carats.

Christie’s highlighted that this was considered a lucky number in Asia, where it signifies “definite prosperity”, saying it expected the diamond to “garner interest from collectors across the globe.”

“Weighing in at an auspicious 18.18 carats… the weight in fact brings luck to the new owner,” Angela Berden, Christie’s senior jewellery specialist, told AFP.

“It’s a beautiful stone, it’s extremely rare to find a pink diamond, vivid pink diamond, of this size,” she said.

“The colour saturation of this stone is… so difficult to find in nature, and then when you find a crystal… with that weight, with that colour, and a very good clarity, that’s just really rare.”

“I wouldn’t know where to find another one at this moment.”

While larger cushion-shaped pink diamonds have previously been auctioned off, the Fortune Pink is the largest vivid pink pear-shaped diamond to do so.

The 18.96-carat Winston Pink Legacy was sold by Christie’s in 2018, and it brought in over $50 million, the highest price ever paid for a stone of its kind per carat.

In contrast, the massive 37.3 carat Raj Pink diamond that was expected to fetch up to $30 million at a Sotheby’s auction a year earlier failed to sell.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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