Sotheby’s Geneva to Auction One of the World’s Most Desirable Stones

One of the worlds most desirable stones has been announced to be auctioned at the upcoming much awaited Sotheby’s Magnificent Jewel sale in Geneva on November 16th.

The rare pink diamond valued at up to $US38 million ($39.11 million)  is a 24.78 carat Fancy Intense Pink Diamond mounted on a ring comes from a private collection, Sotheby’s confirmed.

It is categorised as one of the worlds most desirable as it peer group which makes up 2% of all diamonds was last seen on the market over 60 years ago and was sold by the US Jeweller Harry Winston.

David Bennett, chairman for Europe and the Middle East at Sotheby’s international jewellery department had this to say about this lovely pink diamond.

“During my 35-year career at Sotheby’s I have had the opportunity to examine many magnificent and rare gemstones and, put simply, this stone is one of the most desirable diamonds I have ever seen.”

“What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut – a style of cutting normally associated with white diamonds,” he added.

Sotheby’s gave a pre-sale estimate of $US27 million to $US38 million for the fancy pink diamond, which will go under the hammer on November 16.

David is most known for Chloe which was sold in 2007.  Chloeat the time was the world’s largest, purest white flawless brilliant-cut diamond sold at auction, according to the auction house. The founder of  Guess Jeans Georges Marciano, bought a little something to slip into the pocket of one of those jeans, an 84.37 carat gem of a diamond that he has christened Chloe Diamond in honour of his 12-year-old daughter.

The diamond was sold to Marciano for a cool $16.2 million ($16,189,769 to be precise), which at $191,980 a carat at the time was the highest price per carat ever paid for a white diamond at auction.

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