Christie’s International announced the largest cushion-shaped fancy vivid pink diamond to be offered for sale at auction. With an estimated value of US$ 23-28 million, the 16.08-carat stone is to be one of several pieces featured in Christie’s flagship Magnificent Jewels auction, to take place on 10 November 2015 in Geneva.
The diamond is set in a ring, and is surrounded by a double row of pavé-set white diamonds, highlighting the main stone, with a third row of small pink diamonds underneath. The band is comprised of small circular-cut white diamonds set in platinum.
October marks the start of an international tour of the diamond to Christie’s locations around the world, starting with Hong Kong, and continuing to New York and London prior to the exhibition and sale in Geneva.
“As large and rare coloured 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. Collectors are looking to jewels as savvy investments that arebeautiful and can appreciate considerably in value over a relatively short period of time,” noted Rahul Kadakia, Christie’s International head of jewellery.
A historic level was reached in the international diamond market on 1 December, 2009 when Christie’s Hong Kong sold The Vivid Pink, a cushion-shaped fancy vivid pink diamond of 5.00 carats for US$2,155,332 per carat that established and remains to date the world auction record price per carat for any pink diamond.
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