An “ultra-rare” purple-pink diamond is set to go under the hammer, with Sotheby’s auction house estimating it could fetch up to $ 38 million.
The 14.83-carat stone, dubbed the “Spirit of the Rose,” will go on sale in Switzerland next month, more than three years after it was discovered by a mine in northeastern Russia.
Taking its name from the 1911 Russian ballet “Le Specter de la rose”, the jewel was cut from an even larger rough diamond discovered by the mining company Alrosa in 2017. Then weighing 27.85 carats, the initial discovery was believed to be was the largest crystal rose ever discovered in the country.
The jewel was cut from a 27.85 carat rough diamond discovered at a mine in Sakha, northeastern Russia. credit: Sotheby’s
It took a year to cut and polish the oval-shaped stone, which will appear in Hong Kong, Singapore and Taipei before arriving in Geneva for the November 12 sale.
According to Gary Schuler, chairman of Sotheby’s jewelry department, the rarity of the diamond is due to its size and color, which has been hailed as “Fancy Vivid Purple-Pink”. The jewel is also classified as “impeccable interior”, a measure of its clarity, while the stone belongs to a rare subgroup of diamonds that contain little or no nitrogen.
“Only 1% of all pink diamonds are larger than 10 carats and only 4% of all pink diamonds are rated ‘Fancy Vivid’ and display a rich, vibrant color,” Schuler said in a press release. . “Having the opportunity to offer a great polished pink diamond … with the richness of color and purity of the Spirit of the Rose is truly extraordinary.”
Sotheby’s auction house estimates the diamond will sell for between $ 23 million and $ 38 million. credit: Sotheby’s
Related Video: The 18.96 carat Pink Legacy sets a world record for the highest price paid per carat for a pink diamond in 2018.
Pink stones now make up five of the 10 most valuable diamonds ever sold at auction, said next month’s auction leader Benoit Repellin.
“These extraordinary sales, all realized in the last decade are a testament to the growing appreciation and awareness of the great shortage of these natural treasures around the world,” he said in a press release, “and with the supply of these beautiful stones becoming more and more limited, they are likely to continue to become even more precious. “
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