A particularly uncommon, “fancy vivid purple-pink internally flawless” diamond is about to go underneath the hammer subsequent month at a Sotheby’s public sale. The 14.83-carat diamond might fetch up a whopping $38 million.
Named after a Russian ballet ‘The Spirit of the Rose’, the oval gem is the biggest of its form to be provided at public sale. It can go on the chopping block on November 11 in Geneva. “Its unparalleled qualities make it the biggest Purple Pink diamond to ever seem at public sale,” Sotheby’s mentioned.
Unearthed by diamond producer Alrosa, the stone was lower from the biggest pink crystal ever mined in Russia. The diamond was extracted from the Ebelyakh deposit within the Republic of Sakha within the northeast of Russia in July 2017.
Gary Schuler, the worldwide chairman of Sotheby’s jewellery division, mentioned the incidence of pink diamonds in nature is extraordinarily uncommon in any dimension. “Just one % of all pink diamonds are bigger than 10-carats and solely 4 % of all pink diamonds are graded ‘Fancy Vivid’ and show a wealthy, vivid colour,” he mentioned.
Having the chance to supply a big polished pink diamond of over 10-carats and with the richness of colour and purity of The Spirit of the Rose is due to this fact actually distinctive, he added.
Schuler mentioned the gem was a “pure surprise, steeped in Russia’s century-long diamond custom and cultural heritage.”
Based on analysts, pink diamonds are each uncommon and aesthetically extremely prized by collectors. Earlier than being auctioned in November, the gem is being proven in Hong Kong, Singapore and Taipei.