Purplish pink diamond hits record $ 26.6 million
The “Spirit of the Rose” diamond, in Geneva on November 6, 2020
The price of some of the largest pink rough diamond ever discovered in Russia has unsurprisingly skyrocketed. An exceptional pink stone, from this rough diamond, was auctioned for $ 26.6 million commission included Wednesday evening in Geneva by Sotheby’s. However, the record could have gone even further. The auction house had previously estimated it between 23 and 38 million dollars.
Named “The Spirit of the Rose” after the famous Ballets Russes creation, this 14.83-carat, marble-sized diamond is the largest of its kind to ever be auctioned. After a few minutes, this oval-cut diamond, auctioned online due to the coronavirus pandemic, was sold for 21 million Swiss francs (22.5 million euros) to a buyer on the phone who wanted to keep the ‘anonymity. The auctioneer, Benoit Repellin, sales director of Haute Joaillerie at Sotheby’s in Geneva, confirmed that it was a record for a purplish pink diamond.
A rough diamond of 27.85 carats
The origin of this stone is exceptional. It was mined and cut from a 27.85 carat pink rough diamond. Discovered in the Republic of Sakha, in northeast Siberia, in 2017 by the Russian group Alrosa, it took a year of meticulous work to carve it to give it its shape while preserving its vibrant color.
Pink diamonds are the rarest and most coveted diamonds on the world market. The all-time record for the most expensive pink diamond ever sold at auction is held by CTF Star Pink which sold for $ 71.2 million in 2017 in Hong Kong. And 5 of the 10 most expensive diamonds ever sold at auction are pink, according to Sotheby’s. All have been sold over the past decade.
Pink diamond is a type of diamond that has pink color. The source of their pink color is greatly debated in the gemological world but it is most commonly attributed to enormous additional pressure that these diamonds undergo during their formation.
Pink diamonds belong to a subcategory of diamonds called fancy color diamonds, the generic name for all diamonds that exhibit any sort of color. Pink diamonds range from flawless to included, just as do white diamonds. Several pink diamonds with internally flawless clarity have been discovered, but only one is known to be completely flawless, the Pink Star (which was shortly renamed the Pink Dream until it diverted to Sotheby’s).