![]() For the latter grading, the stone has been classed as “internally flawless,” meaning any blemishes are only visible under close magnification. The price of diamonds is largely determined by what gemology experts call the four “Cs”: carat, cut, color and clarity. The auction house’s head of jewelry for the Americas, Quig Bruning, said in a statement ahead of the sale that the stone was “joining the ranks of the most important diamonds in history.” Officially classed as “purplish pink” in color, it is the most valuable diamond of its shade ever to appear at auction, according to Sotheby’s. Weighing 10.57 carats and named The Eternal Pink, the “ultra-rare” gemstone went under the hammer at Sotheby’s auction house four years after South African firm De Beers discovered it at one of its mines in Botswana. The Eternal Pink eventually will come to New York, where it will anchor Sotheby’s “Magnificent Jewels” auction on June 8.A pink diamond of “unparalleled color and brightness” sold for $34.8 million in New York on Thursday, just short of its high estimate of $35 million. ![]() Sotheby’s is slated to publicly unveil The Eternal Pink Saturday in Hong Kong, coinciding with the auction house’s celebrations around its 50th anniversary in Asia.įollowing its debut, the stone will make stops in Dubai, Singapore, Shanghai, Taiwan and Geneva (exact dates to come). In addition, three blue diamonds from an eight-stone collection titled “The De Beers Exceptional Blue Collection” didn’t sell when Sotheby’s put them up for auction.Ī 5.53-carat fancy vivid blue failed to find a buyer at Sotheby’s Geneva in November, and nobody bought the 3.24-carat fancy vivid blue or the 2.08-carat fancy intense blue offered at Sotheby’s New York the following month. ![]() News reports later emerged that the auction house had withdrawn the diamond from its jewelry auction because it allegedly was stolen. In December, Christie’s had to pull another fancy vivid pink diamond from auction, this one weighing 13.15 carats. While the Williamson Pink Star exceeded expectations and set a new price-per-carat record when Sotheby’s Hong Kong sold it in October 2022, the final sale price for the “Fortune Pink,” an 18.18-carat fancy vivid pink, was at the low end of its estimated range the following month at Christie’s Geneva. The Eternal Pink’s appearance at auction this June follows an interesting end of 2022 for natural colored diamonds at auction. ![]() Debswana mined the diamond in Botswana and fancy diamond specialists Diacore cut the rough over a six-month period. “The Eternal Pink’s immense presence and great rarity make it comparable to ultimate masterpieces of art-far rarer than a Magritte or a Warhol.” “This color is the most beautiful and concentrated shade of pink in diamonds I have ever seen or has ever come to market,” said Quig Bruning, head of Sotheby’s Jewelry Americas. It said the diamond will challenge the price-per-carat record for a diamond or gemstone currently held by the 11.15-carat “Williamson Pink Star” (sold for $57.7 million/$5.2 million per carat), noting that $35 million/$3.3 million per carat is the diamond’s low estimate. The diamond will headline Sotheby’s June 8 jewelry auction in New York and is projected to sell for at least $35 million, or $3.3 million per carat, the highest price-per-carat estimate placed on a diamond or gemstone offered at auction, the auction house said. Today, Sotheby’s announced the auction of a 10.57-carat internally flawless, fancy vivid purplish pink diamond known as “The Eternal Pink” and described as, “arguably the most significant pink diamond to ever appear at auction.” New York-It’s said that diamonds are forever, and it appears at least one is “Eternal.”
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