A pink diamond of “unparalleled color and brightness” sold for $34.8 million in New York on Thursday, just short of its high estimate of $35 million
. Weighing 10.57 carats and named The Eternal Pink, the “ultra-rare” gemstone went under the hammer at Sotheby’s auction house four years after South African firm De Beers discovered it at one of its mines in Botswana. 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.
According to an index compiled by brokerage Australian Diamond Portfolio, the average price of the colored stones jumped 30% in just the 12 months before June 2021. The Eternal Pink was cut from a rough diamond, discovered in 2019, that at 23.87 carats weighed more than twice as much as it does now. It took diamond firm Diacore six months to transform the stone into its current form.
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