Pink diamond sells for more than 50m dollars to set ‘new world record’

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Pink diamond sells for more than 50m dollars to set ‘new world record’

Renowned jeweller Harry Winston was the buyer, Christie’s said.


A Christie’s employee displays an 18.96-carat fancy vivid pink diamond (Martial Trezzini/Keystone via AP)
A Christie’s employee displays an 18.96-carat fancy vivid pink diamond (Martial Trezzini/Keystone via AP)

Christie’s has sold the “Pink Legacy” diamond at auction for more than 50 million dollars (£38.5 million) including fees, saying it is a new world record price per carat for a pink diamond.

Renowned jeweller Harry Winston was the buyer, the auction house said.

Christie’s had expected to fetch 30 million to 50 million dollars for the nearly 19-carat, rectangular-cut stone, the largest fancy vivid pink diamond it has ever put under the hammer.

It was the standout offering at its autumn jewellery auction in Geneva.

The standing-room only ballroom broke into applause after the auctioneer struck down a hammer price of 44.5 million dollars (£34.3 million).

That excludes the standard “buyer’s premium” and other fees.

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The diamond (Martial Trezzini/Keystone via AP)

The stone once belonged to the Oppenheimer diamond family, and Christie’s says it is among the most chemically pure gems — with little if any nitrogen.

Christie’s chairman for Europe, Francois Curiel, called the stone the “Leonardo da Vinci” of diamonds.

“The ‘Pink Legacy’ … brought this extremely high price of 50 million dollars — so 2.6 million dollars (£2m) per carat, which is a world record price for a pink diamond.

“The previous record was 2.1 million (£1.6m), but for a much larger stone: Over 50 carats,” Curiel said.

Christie’s sale kicks off two days of jewellery auctions in Geneva.

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On Wednesday, Sotheby’s will auction jewellery once owned by French Queen Marie Antoinette that had not been seen in public for 200 years.

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