A rare 18.96-carat, fancy-vivid-pink diamond is expected to sell at Christie’s for between $30 million and $50 million, potentially setting a new world auction record price for the colour category, reports Rapaport. The current record is currently held by the Pink Promise, an oval-shaped, 14.93-carat, vivid-pink diamond, which Christie’s sold at its Hong Kong auction for $32.5 million in 2017.
The diamond is a rectangular-cut, type IIa Pink Legacy that belongs to the Oppenheimer Family. It will lead the Magnificent Jewels sale in Geneva, the auction house said. The stone is the largest fancy-vivid-pink diamond Christie’s has ever auctioned, describing the piece as internally “very pure.”
“The discovery of this previously unrecorded and remarkable diamond will cause immense excitement with collectors and connoisseurs of diamonds around the world,” said Rahul Kadakia, international head of jewellery at Christie’s. “Its exceptional provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds.”
Christie’s will sell the Pink Legacy at its Magnificent Jewels auction on November 13 at the Four Seasons Hotel des Bergues in Geneva. The auction house will preview the stone in Hong Kong, London, New York and Geneva between September 28 and November 13.