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Sotheby’s to auction most expensive pink diamond in history

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Sotheby’s will auction the most valuable pink diamond ever in Hong Kong in June.Photo courtesy of John Angelillo/UPI
“Eternal Pink” is mined by De Beers in Botswana.Photo courtesy of John Angelillo/UPI
The diamond is expected to fetch at least $35 million at auction.Photo courtesy of John Angelillo/UPI
The “Eternal Pink” is just the latest in a string of pink diamonds to be auctioned by Sotheby’s. In 2017, a pink diamond earned $71.2 million.Photo courtesy of John Angelillo/UPI
The timeless pink color is sculpted by Diacore’s artisans into beautiful cushions.Photo courtesy of John Angelillo/UPI

March 29 (United Press International) — Sotheby’s on Wednesday announced the most expensive purplish-pink diamond per carat ever sold at auction.

The diamond, dubbed the “Eternal Pink,” will be auctioned in Hong Kong this June with an estimate of more than $35 million, “the highest per-carat estimate ever achieved for any diamond or gemstone,” the auction house said in a statement. said in. Press release.

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A Sotheby’s official said: “This color is the most beautiful, intense pink I have ever seen or listed in a diamond. Sotheby’s is honored to see this extraordinary jewel and present it in June this year.” Presented to the world.” Jewelry of the Americas, Quig Bruning.

The 10.57-carat diamond, found at the Damtshaa mine in Botswana and mined by De Beers, will also challenge the per-carat price record set by Williamson’s Pink Star, where an 11.15-carat Fancy Vivid Pink Internally Flawless diamond sold for more than Sold at Sotheby’s Hong Kong in 2022 for $5 million per carat.

In 2017, Sotheby’s Hong Kong sold the CTF Pink Star, a 59.60-carat oval mixed-cut Fancy Vivid pink internally flawless diamond, for $71.2 million, setting a new record for a gem auction.

As Sotheby’s celebrates its 50th anniversary in Asia, the first public exhibition of “Eternal Pink” will be held in Hong Kong from 1-7 April.

Yu Wenhao, Chairman of Sotheby’s Jewelery and Watches Asia, said: “This stunning diamond is the pinnacle of extraordinary pink diamonds, and its rarity and beauty cannot be overemphasized.”

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