A huge pink diamond estimated at 34 million francs on sale in Geneva – rts.ch

The “Fortune Pink”, a giant pink diamond, will be auctioned in Geneva in November. It could sell for up to 35 million dollars (34.6 million francs). In 2018, another jewel of the same color changed hands after a record sale.

The gem of more than 18 carats is the largest pear-shaped pink diamond of this quality ever auctioned, adds Christie’s, owned by Artémis, holding company of the French Pinault family. The diamond, which will be auctioned for the first time on November 8, has been estimated at between $25 and $35 million.

It was mounted on a ring, flanked on either side by a large white diamond. It weighs exactly 18.18 carats, a number considered favorable in Asia, according to Christie’s. “Its auspicious weight of 18.18 carats (…) actually brings good luck to the new owner,” says Angela Berden, jewelry expert at Christie’s.

Multiple shades

There are several types of pink diamonds, continues the specialist. “We have light pink fancy diamonds, pink fancy diamonds, intense pink fancy diamonds, and hot pink fancy diamonds are by far the rarest,” she explains.

“The color saturation of these stones is so much stronger and so hard to find in nature. When you find a crystal over 18 carats with this weight, with this color and very good clarity, it’s really rare .”

I wouldn’t know where to find another one right now

Angela Berden, jewelry expert at Christie’s

Huge sums

The “Fortune Pink” is the largest “pink pear” type diamond to be auctioned to date, but other larger cushion-shaped diamonds have already been sold.

In 2018, Christie’s sold a spectacular 18.96 carat pink diamond, the “Pink Legacy”, for more than 50 million francs, a record price per carat for a stone of this color.

Not always a buyer

This emerald-cut diamond discovered around a century ago in South Africa was acquired by the American jeweler Harry Winston, owned by the Swiss watch group Swatch, who immediately renamed it the “Winston Pink Legacy”.

>> Read again: A pink diamond auctioned for more than 50 million francs in Geneva

The previous year, the “Raj Pink”, the largest intense pink diamond in the world weighing 37.3 carats and auctioned by Sotheby’s, had not found a buyer. It had been estimated at up to $30 million.

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