Connect with us

News

Rare $35m Pink Diamond Is Set To Exhibit In Dubai

Published

on

Rare $35m Pink Diamond Is Set To Exhibit In Dubai

An upcoming Sotheby’s auction will feature a rare and precious diamond, named The Eternal Pink, which is expected to sell for an astronomical cost of more than $35 million.

If the diamond fetches a maximum amount of $35 million, it could break the record for the highest price per carat achieved in a diamond auction ever.

Weighing 10.57 carats, the exquisite diamond will be publicly displayed in Hong Kong from next week before being exhibited in other cities such as Dubai, Singapore, Shanghai, Taiwan, and Geneva. On June 8, The Eternal Pink will be the highlight of the Sotheby’s jewels auction, held in New York City, and is likely to attract the attention of wealthy collectors buyers, and investors seeking rare and unique diamonds.

Sotheby’s is renowned for its prestigious auctions that draw attention from around the world, and the presence of The Eternal Pink will undoubtedly create a buzz in the diamond market across the world.

The pink diamond is one of the most chemically pure diamonds available

A ring-mounted cushion-cut diamond has been deemed “glowing” by experts and has received the highest possible ranking for its quality of color, being classified as “Fancy Vivid”. The diamond has also received the best and the top score for clarity, referred to as “Internally Flawless”, which means that there are no imperfections that can be seen under 10x magnification. This beautiful and unique diamond is one of the most chemically pure of all diamonds, which contributes to its exceptional transparency.

The pink diamond is one of the most chemically pure diamonds available

Weighing 2.1 grams, this gem is comparable to “ultimate masterpieces of art”, according to Sotheby’s, who have stated that it is more exceptional than paintings by renowned artists such as Rene Magritte or Andy Warhol.

Wenhao Yu, the chairman of jewelry and watches at Sotheby’s Asia, stated that “it is difficult to overstate its rarity and beauty”.  Its exceptional and original quality and rarity make it a once-in-a-lifetime opportunity to own a truly stunning diamond.

Sotheby’s announces that the upcoming auction of a “purplish pink” diamond will feature the most valuable stone one of its kind ever to be sold at auction.

Weighing in at 10.57 carats, this flawless diamond is expected to fetch a record-breaking price per carat estimate of over $3,300,000, the highest ever placed on a diamond or gemstone. 

Quig Bruning, the head of Sotheby’s jewelry department for the Americas, remarked that this diamond’s color is “the most beautiful and concentrated shade of pink in diamonds that I have ever seen or has ever come to market,” he further stated about its precious unique beauty and rarity.

The diamond’s beautiful color and size are undoubtedly the primary factors that make it a one-of-a-kind piece Sotheby’s prestigious auction will showcase the diamond’s beauty, highlighting its worth and rarity.

The highly anticipated auction of The Eternal Pink diamond has an estimated price per carat of $3.3 million, which gives it the possibility of surpassing to challenge the record set by The Williamson Pink Star.

The Williamson Pink Star sold for an unbelievable  $5.2 million per carat at Sotheby’s Hong Kong in 2022, making it the most precious and expensive diamond ever sold per carat. A private collector from the United States paid a staggering $57.7 million for the gem.

Interestingly, Pink diamonds are unusual in that three of the top five most expensive diamonds ever sold at auction are pink diamonds, indicating their scarcity and collector appeal. Pink diamonds have become even rarer since the closure of the Argyle mine in Australia, which was the world’s largest supplier of these exquisite stones.

According to the Gemological Institute of America, accounting for less than 3% of all diamonds submitted to the institute are colored, and among those, pink diamonds are the rarest.

The Eternal Pink is a rare and exquisite diamond mined by De Beers in Botswana at the Damtshaa mine. This stunning masterpiece stone took six months for artisans at Diacore in New York to carefully fashion into its current cushion-cut shape.

Related Topics

🔹Reports Say That The Owner Of Dubizzle And Bayut Prepare For An IPO In UAE

🔹DFM, Dubai Chamber Of Commerce Launch A ‘IPO Accelerator Program’

The diamond is considered one of the most chemically pure and authentic of all diamonds, this adds to its beauty and contributes to its exceptional transparency.

The unique pink hue of pink diamonds is a mystery that continues to curiously fascinate experts in the field.

Unlike other colored diamonds that get their hues from trace elements, such as nitrogen or boron, the exact reason for pink diamonds’ pink color remains unclear. It is believed that the shade may result from the diamond’s formation process deep within the earth, adding to its mystery and intrigue.

Pink diamonds are one of the most rarest and valuable gems in the world. With the closure of the Argyle mine in Australia, which was the largest supplier of pink diamonds, these stones have become even rarer.

percentage of all diamonds submitted to the Gemological Institute of America. The Eternal Pink is a truly exceptional diamond that is sure to garner attention from collectors and investors alike.

Alveera Khan is a passionate writer and blogger with a deep love for exploring new places and cultures. She is particularly enamored with Dubai's unique cultural blend, which serves as a constant source of inspiration for her writing. Alveera is known for her unbiased opinions and free-thinking approach to life, which allows her to offer fresh perspectives on a wide range of topics. She is also highly skilled in news writing and is always up-to-date on the latest current affairs

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending Now