An “ultra-rare” purple-pink diamond is set to go under the hammer, with auction house Sotheby’s estimating it could fetch up to $ 38 million.
The 14.83-carat stone, called “The Spirit of the Rose”, will go on sale in Switzerland next month, more than three years after it was pulled from a mine in northeastern Russia.
The jewel was also cut from a large rough diamond unearthed by the mining company Alrosa in 2017, taking its name from the 1911 Russian ballet “Le Spector de la Rose”. It then weighed 27.85 carats, with the initial discovery being considered the largest pink. The crystal was never discovered in the country.
The jewel was cut from a rough diamond of 27.85 carats discovered in a mine in Sakha, northeast Russia. Credit: Sotheby’s
It took over a year to cut and polish the oval-shaped stone, which would go on display in Hong Kong, Singapore and Taipei before reaching Geneva for a November 12 sale.
According to Sotheby’s jewelry division president Gary Shuller, the rarity of the diamond is a result of its shape and color, classified as “fancy vivid purple-pink”. The jewel is classified as “intrinsically innocuous”, a measure of its clarity, while the stone belongs to a rare subgroup of diamonds that do not contain nitrogen.
“Only 1% of all pink diamonds are larger than 10 carats and only 4% of all pink diamonds are classified ‘fancy vivid’ and exhibit a rich, bright color,” Schuler said in a press statement. “Having the opportunity to offer a large polished pink diamond with the richness of color and the richness of The Spirit of the Rose is therefore truly extraordinary.”
Auction house Sotheby’s estimates that the diamond will sell for between $ 23 million and $ 38 million. Credit: Sotheby’s
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The head of next month’s auction, Benoit Reppelin, said the pink stones are now five of the 10 most valuable diamonds sold at auction.
“These extraordinary sales are a testament to all the growing appreciation felt over the past decade, and awareness of the great scarcity of these natural treasures worldwide,” he said in a press statement, “and these beautiful stones With the supply ever more limited, they are likely to become even more prized. “