Christies to present a record-breaking pink diamond at Geneva Auction late this fall.
Christie’s Auction to put Fancy Vivid Pink Diamond for Sale in Geneva
A cushion-shaped fancy vivid pink diamond will be on offer at Christie’s auction in Geneva on November 10, this jewelry blog has to report. Christie’s has claimed that this is the largest cushion-cut pink diamond to ever appear at an auction. After making trips through cities like Hong Kong, New York and London, the diamond will be put on view in Geneva before going for auction on Nov. 10.
The seller of the diamond is a US client of Christie’s that purchased the gem about 10 years ago as a form of investment. The piece of jewelry is estimated to go for over $23 million at the auction, and will make a more-than-worthy addition to any diamond connoisseur’s jewelry collection.
Fancy vivid is a color grading given to naturally colored diamonds that possess a pure hue and a balanced saturation and tone of color. Such fancy vivid pink diamonds are extremely rare, seemingly as this particular gem does not have any trace of a secondary color, thus making it the purest kind of pink diamond. Christie’s will offer it at its Magnificent Jewels Sale in Geneva which will also feature several other beautiful gems.
The gem is elegantly set as a ring, with the center stone surrounded by double rows of pave-set white diamonds and a third row of pave-set pink diamonds. The band of the ring is made of platinum, decorated with a set of circular-cut white diamonds. It is a 16.08 carat diamond, and the largest of its kind to be sold at an auction, with an 8.72 carat similar pink diamond being sold for $15.9 million back in May, and a per carat auction-record-breaking fancy vivid pink diamond named “The Vivid Pink” of 5 carats being sold for $2.1 million per carat at a Christie’s auction in Hong Kong in December 2009. The auction record for the price of a diamond is held by a 24.78-carat emerald-cut pink diamond that was sold for a price of $46 million at Sotheby’s in 2010.
Christie’s international head of jewelry, Rahul Kadakia had this to say about the diamond up for auction, “As large and rare colored diamonds of this caliber become increasingly hard to locate, this 16.08 ct. fancy vivid pink diamond comes to market at a time when great gems are mirroring prices achieved for masterpieces in the world of fine art. Collectors are looking to jewels as savvy investments that are both beautiful and can appreciate considerably in value over a relatively short period of time.”
Rare diamonds like these are hard to come by, and diamond buffs and collectors are going to be flocking by the numbers as the gem continues its world tour in some of the biggest cities in the world. The winning bidder in on November 10 in Geneva will be given the naming rights for the gem. Keep reading this jewelry blog for further updates on this fancy vivid pink diamond and the jewelry world in general.