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  • Posts Tagged ‘diamond’

    DIAMOND AUCTION RECORD SMASHED

    Wednesday, November 17th, 2010

    This rare pink diamond sold for 33.7 million euro at Sotheby's in Geneva. (click on image to enlarge)

    A rare pink diamond broke auction records when it made 33.7 million euro at Sotheby’s in Geneva on November 16.  The buyer was London diamond dealer Laurence Graff.

    Sotheby’s had said in advance that the market for coloured diamonds is extremely strong.  They are the most sought after gemstones in the world’s auction rooms today.

    This one is an exceptionally rare 24.78 carat fancy intense pink diamond of the purest hue.  It had been purchased directly from Mr. Harry Winston 60 years ago and has not been on the open market since.

    Sotheby’s had estimated the stone at $27-38 million Swiss Francs or about 20-25 million euro.  Demand for rare gems as wealth that is portable has pushed up prices.

    See post on antiquesandartireland.com for October 4