Khaleej Times

Fancy a pink diamond for $30M?

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london — A pink diamond weighing in at almost 19 carats is set to go on tour before being auctioned in Geneva and could fetch a record price of between $30 million and $50 million, Christie’s auction house announced on Tuesday.

The rectangula­r cut Pink Legacy is rated “vivid”, the highest rating for a diamond’s colour, and weighs 18.96 carats, making it the largest fancy vivid pink diamond Christie’s has ever offered for auction.

It was once part of the Oppenheime­r collection, Christie’s said, referring to the family who built De Beers into the world’s biggest diamond trader.

“Its exceptiona­l provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds,” said Rahul Kadakia, internatio­nal head of jewellery at Christie’s.

Only four vivid pink diamonds of over 10 carats have ever been offered for sale at auction, with a record price per carat set last November when Christie’s Hong Kong sold ‘The Pink Promise’ just under 15 carats, for $32,480,500.

 ?? — AFP ?? The 18.96 carat Fancy Vivid Pink Diamond on show in London.
— AFP The 18.96 carat Fancy Vivid Pink Diamond on show in London.

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