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Pink Diamond Sells for $32M at Sotheby’s Geneva

A fancy vivid pink diamond ring fetched $31.6 million (CHF 30.8 million) at a record-breaking Sotheby’s auction in Geneva.

The 15.38-carat ‘Unique Pink’ was sold to an Asian private buyer for $2.1 million per carat, the auctioneer said following the Magnificent Jewels and Noble Jewels sale May 17. Sotheby’s had estimated the pear-shaped, VVS2, type-IIa diamond at $28 million to $38 million.

Sotheby’s said it set a new world record for any jewelry sale, bringing in a total of $175.1 million from the auction, which saw a further two diamonds fetch more than $10 million apiece. A 7.32-carat, fancy vivid blue, internally flawless diamond ring went for $17.1 million, or $2.3 million per carat, and a fancy intense blue diamond brooch fetched $13.7 million, an auction record for a jewel designed by Alexandre Reza. Sotheby’s did not disclose the identity of the buyers.

The previous record for a jewelry sale was $160.9m also set by Sotheby’s in an equivalent auction in May last year.

Source: Rapaport