Weighing 10.57 carats and named The Eternal Pink, the 'ultra-rare' gemstone will go under the hammer this June
A pink diamond of"unparalleled color and brightness" is expected to fetch over $35 million when it goes on sale in New York, auction house Sotheby's announced Wednesday.
Officially classed as"purplish pink" in color, it is the most valuable diamond of its shade ever to appear at auction, according to Sotheby's. The auction house's head of jewelry for the Americas, Quig Burning, said in a statement that the stone was"joining the ranks of the most important diamonds in history."
Weighing 10.57 carats and named The Eternal Pink, the "ultra-rare" gemstone will go under the hammer this June."This color is the most beautiful and concentrated shade of pink in diamonds that I have ever seen or has ever come to market," Burning said, adding:"The Eternal Pink's immense presence and great rarity make it comparable to ultimate masterpieces of art — far rarer than a Magritte or a Warhol.
Less than 3% of diamonds submitted to the Gemological Institute of America are colored, with pink ones among the rarest, Sotheby's said. In the auction house's press release, the GIA's executive vice president Tom Moses called the Eternal Pink a"stunning specimen," adding that its"refined lines combined with the intensity of its color earn it a place as one of the world's most extraordinary gems.
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