Flawless 8 Carat Fancy Vivid Pink Being Sold by Sotheby’s



In October, Sotheby’s will auction off an 8.41 ct. purple-pink diamond, notable for scoring the highest possible grades for both color and clarity. 

The stone, which will be sold Oct. 7 as part of the Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale, was rated internally flawless and fancy vivid by the Gemological Institute of America.

Sotheby’s calls it “arguably the most desirable pink diamond to appear at auction in recent years,” and thinks it will fetch from $12.8 million to $15.4 million, which would set a per-carat record price for a pink.

“Internally flawless clarity…is extremely rare in pink diamonds and virtually unseen in any significant pink diamond of fancy vivid or fancy intense color grading ever sold at auction,” said a statement from the auction house.

The stone was mined by De Beers and cut in New York City from a 19.54 ct. rough.

 

The 19.54 ct. rough

Sotheby’s noted that many pink diamonds have set auction records in recent years, including the Graff Pink, a 24.76 ct. fancy intense pink, which was purchased by Laurence Graff in Nov. 2010 for $46 million.

The Sotheby’s release did not mention the 59.6 ct. Pink Star, which appeared to fetch a record $83 million when it was sold last November, then the buyer defaulted.

 

JCK News Director