Sotheby’s announced Monday that it would auction a 24.78-carat rare fancy pink
diamond on November 16 in Geneva.
The stone is currently graded VVS2 clarity, but the Gemological
Institute of America (GIA) says it may be graded flawless after repolishing.
The presale estimate is $27 million to $38 million dollars. The stone comes
from a private collection and has not appeared on the open market since it was
purchased some 60 years ago from Harry Winston.
“This stone is one of the most desirable diamonds I have
ever seen,” says David Bennett, chairman of Sotheby’s International Jewellery
Department for Europe and the Middle East. “What makes it so immensely rare is
the combination of its exceptional color and purity with the classic
emerald-cut – a style of cutting normally associated with white diamonds and
one that is so highly sought-after when found in rare colors such as pink and
blue. The stone’s character is further enhanced by the gently rounded corners
which impart a unique softness and charm to this truly outstanding gemstone.”