10.99 Carat Rare Pink Diamond
Two most notable and most attractive items at Sotheby’s upcoming sale of Magnificent jewels and Nobel Jewels on May 17 in Geneva, will certainly be a rare Emerald-cut fancy intense pink diamond and unique luxury emerald and diamond tiara. We have been already reported about the tiara ten days ago, so this time we’ll give full attention to 10.99 carat important pink diamond.
This pink diamond last came up for sale before 30 years and is one of the rarest of its kind. The diamond, mounted as a ring, has been graded as fancy intense pink natural color and VS1 clarity by the GIA. It has been further assessed to be part of a rare subgroup of diamond knows as type IIa, chemically the purest of all diamond crystals and with extraordinary optical transparency. The stones in this group comprise less than 2 percent of the world’s gem diamonds. Its a classic emerald cut, usually seen in white diamonds but extremely rare and sought after when it comes to colored diamonds.
This stunning diamonds is expected to sell for not less than $9 million, but the price could go up to $17 million. Rare emerald and diamond tiara is expecting to go for a hefty $10.6 million and lower estimate is $5.3 million.
The auction comes six months after Sotheby’s record-breaking sale of the 25-carat Graff Pink diamond, the most expensive jewel ever sold at auction, realizing $46 million. I do not remember the market for colored diamonds to have ever been as strong as it is today, David Bennett, chairman of Sotheby’s jewelry department for Europe and the Middle East, said.
Rare emerald cut pink diamond at Sotheby's
