An extraordinarily uncommon pink diamond can be auctioned in Geneva on November 11 by Sotheby’s, which says it’s value between $23 and $38 million.
Named “The Spirit of the Rose” after a well-known Russian ballet, the 14.83-carat diamond mined in Russia is the largest ever to go below the hammer in its class — “fancy vivid purple-pink”.
“The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby’s jewelry division, mentioned in a press release.
“Only one per cent of all pink diamonds are larger than 10-carats.”
Speaking to AFP, Benoit Repellin, head of fantastic jewelry auctions at Sotheby’s Geneva, mentioned the oval-shaped diamond was “completely pure.”
The tough diamond was unearthed by Russia’s Alrosa — one of many world’s main diamond producers — within the Republic of Sakha within the northeast of the nation in July 2017.
Repellin mentioned it took a painstaking yr for reducing masters to show the diamond into its polished type.
Sotheby’s mentioned the world public sale file for a diamond and any gemstone or jewel was the “CTF Pink Star”, a 59.60-carat oval pink diamond that bought for $71.2 million in Hong Kong in 2017.
According to Repellin, 5 out of the 10 most dear diamonds ever bought at public sale have been pink.
The sale of this gem coincides with the closure of the world’s largest pink diamond mine in Australia after it exhausted its reserves of the dear stones.
The Argyle mine, within the distant Kimberley area of Western Australia, churned out greater than 90 p.c of the world’s pink diamonds.