Christie’s will offer a 16.08 ct. cushion-shaped fancy vivid pink diamond at its Nov. 10 Magnificent Jewels sale in Geneva and estimates the rare gem will sell for $23 million–$28 million.
The diamond is the largest of its kind to ever be sold at auction, and, in fact, only three pure vivid pink diamonds over 10 cts. have ever appeared at auction.
The spectacular stone is set as a ring, surrounded by a double row of pavé-set white diamonds and a third row of pavé-set pink diamonds. The band consists of circular-cut white diamonds set in platinum.
“As large and rare colored diamonds of this caliber become increasingly hard to locate, this 16.08 ct. fancy vivid pink diamond comes to market at a time when great gems are mirroring prices achieved for masterpieces in the world of fine art,” said Kadakia, Christie’s international head of jewelry. “Collectors are looking to jewels as savvy investments that are both beautiful and can appreciate considerably in value over a relatively short period of time.”
Beginning Oct. 2, the diamond will be on display at Christie’s Hong Kong. It will travel to New York and London before arriving in Geneva on Nov. 6 for the Nov. 10 auction.
(Image courtesy of Christie’s)