Auction house Christie’s is to auction a 16.08-carat cushion-shaped fancy vivid pink, type IIa diamond ring, with an estimate of $23-28 million, at its upcoming Magnificent Jewels auction in Geneva.
The diamond is set in a platinum ring, with a double row of pavé-set white diamonds, which surround and highlight the main stone, with a third row of small pink diamonds underneath.
The stone’s Fancy Vivid color rating is extremely rare, with only around one out of 100,000 stones possessing this purity of color. It is also unusual that a stone of this size and quality will be sold; this is only the third time in nearly 250 years that a stone of more than 10 carats has appeared at auction.
“As large and rare colored diamonds of this caliber become increasingly hard to locate, this 16.08 carat 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,” said Rahul Kadakia, Christie’s International Head of Jewellery.
The diamond will be available for viewing in October at Christie’s locations in Hong Kong, New York and London prior to the exhibition and sale in Geneva.
Christie’s has sold several pink diamonds at auction, including a 9.07-carat Fancy Intense pink diamond ring, which sold for $12.6 million in Hong Kong earlier this year.
The Magnificent Jewels auction will take place on November 10.
