A 10.64-carat fancy vivid purplish pink internally flawless diamond is the top lot of Sotheby’s Hong Kong Magnificent Jewels and Jadeite sale on October 7. Its estimate is $19.1 – $25.5 million.
This gem is one of three exceptional diamonds that will be part of the sale at the Hong Kong Convention & Exhibition Centre. Other two are: an important 6.01-carat fancy vivid blue diamond, and a magnificent 80.88-carat D-color, flawless diamond.
Sotheby’s says this gem is rare in size, quality and color. Only one percent of all pink diamonds graded by the Gemological Institute of America are larger than 10 carats. In addition, fewer than four percent of all pink diamonds are considered “fancy vivid,” which is a measure of its strength of color. It’s the highest rating in the GIA fancy colored diamond scale. The auction house further says this gem is polished as a radiant cut, with the outline of an emerald-cut diamond combined with the scintillation of a brilliant-cut diamond.
The Graff pink, which was purchased by Laurence Graff at Sotheby’s Geneva in November 2010 for CHF45,442,500 (USD1,862,739 per carat) is the current world record holder for a pink diamond, as the highest price paid for a pink or any other diamond at auction. It also holds the record for any jewel sold at auction to date.