World's largest pink diamond expected to fetch up to US$30 million at auction

October 14, 2017 | 09:04

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LONDON: The Pink Raj, an intense pink diamond described by experts as the world's largest, is expected to fetch up to US$30 million when it is auctioned in Geneva next month.

A model poses with The Raj Pink, a 37.30-carat fancy intense pink diamond, estimated to fetch up to US$30 million at Sotheby's action house in central London. (Photo: AFP/Daniel Leal-Olivas)

The stone, which weighs just over 37 carats, was displayed by auction house Sotheby's in London this week.

"It is a wonderful shape. It is a cushion modified diamond, with a lot of brilliance, a lot of facets, when you move it around and sort of have it on your finger," Sotheby's senior jewellery specialist Daniela Mascetti told Reuters.

The rough diamond was mined in 2015 and is being auctioned by an anonymous owner. Previous sales for smaller pink diamonds have yielded more than US$1 million per carat at auction.

A 24.78 carat intense pink diamond sold for more than US$46 million - a record price per carat for pink diamonds - in November 2010 in Geneva.

AFP

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