Bubble Gum Pink Diamond Fetches $7.5 Million

The Bubble Gum Pink (pictured)—a 3.44 ct. cushion cut whose fancy vivid purple-pink coloring evokes the kid’s candy treat—fetched $7.52 million at the Christie’s May 28 Magnificent Jewels auction in Hong Kong.

The price breaks down to $2.2 million a carat for the internally flawless gem. That falls just within the ring’s $6 million–$8 million estimate.

The ring, by jewelry design house Moussaieff, also includes pear-shape pink diamonds and several marquise-cut white stones.

The other widely watched item, a pair of oil- and resin-free Colombian emerald earrings dubbed the Grand Muzos, sold for $4.4 million, or $96,000 a carat. That falls at the low end of their $3.8 million–$6.5 million estimate, though it garnered the auction’s second-highest price overall.

The two earrings weigh 23.34 and 23.18 cts. and come from the area of Colombia celebrated for producing the world’s finest emeralds.

Grand Muzos
This pair of oil- and resin-free Colombian emeralds, dubbed the Grand Muzos, fetched $4.4 million at Christie’s Hong Kong auction.

(Images courtesy of Christie’s)

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JCK News Director