Rare purplish-pink diamond valued at $46m set for auction in New York
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The 10.57 carat Eternal Pink diamond was mined in Botswana.
PHOTO: AFP
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NEW YORK – A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at US$35 million (S$46 million), is set to be auctioned by Sotheby’s as part of its Magnificent Jewels sale in New York in June.
The 10.57-carat stone is being marketed as the most valuable purplish-pink diamond ever brought to auction, with the highest ever pre-auction price per carat estimate, according to Sotheby’s.
“Its refined lines, combined with the intensity of its colour, earn it a place as one of the world’s most extraordinary gems,” Mr Tom Moses, executive vice-president and chief laboratory and research officer at the Gemological Institute of America, said of the cushion-cut diamond.
According to Sotheby’s, the stone, which was mined in Botswana, is “comparable to ultimate masterpieces of art – far rarer than a Magritte or a Warhol”, thanks to its clarity and lack of imperfections.
Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors.
The record for the highest-ever auction price for such a stone is held by the CTF Pink Star, which was sold for US$71.2 million in Hong Kong in 2017.
The Williamson Pink Star diamond, which sold for US$57.7 million in 2022, also in Hong Kong, holds the record for the highest price per carat, at nearly US$5.2 million. AFP
