World’s largest vivid pink diamond up for auction on November 11
13 October, 2020 | newsx bureau
An extremely rare vivid purple-pink internally flawless diamond is set to go under the hammer next month at a Sotheby's auction. The 14.83-carat diamond could fetch up a whopping $38 million.
One of the world’s largest fancy vivid purple-pink and internally flawless diamonds from Russia will be sold at Sotheby’s Geneva Magnificent Jewels and Noble Jewels auction on November 11, media reported on Monday.
The 14.83-carat diamond, named “The Spirit of the Rose,” is the largest vivid purple-pink diamond ever offered at auction and it is estimated to be worth USD 23-38 million, according to Forbes.
The Gemological Institute of America graded the diamond with the highest color and clarity and classified it as a Type IIa diamond, which is the purest of all diamond crystals. This classification is usually attributed to less than 2 percent of all gem-quality diamonds.According to analysts, pink diamonds are both rare and aesthetically highly prized by collectors. Before being auctioned in November, the gem is being shown in Hong Kong, Singapore and Taipei.
“This sale is the result of a long time relationship between Alrosa and Sotheby’s, several months of discussion about this masterpiece and the best way to offer it for sale,” Benoit Repellin, director, specialist and head of Magnificent Jewels sales for Sotheby’s Jewellery Department, said, as quoted by the media outlet.
This oval-shaped gem was created from a 27.85-carat clear pink rough diamond discovered in Russia’s northeastern Sakha Republic in a mine owned by Russian mining giant Alrosa, the publication said. The diamond was named after the Russian ballet “The Spirit of the Rose,” staged and produced by Sergei Diaghilev and premiered on April 19, 1911.