Sotheby’s Geneva announces that it will present - in its sale of Magnificent Jewels on Tuesday, November 16, 2010 - one of the most important and beautiful gemstones ever to come up for auction: an exceptionally rare and truly magnificent pink diamond of the purest, vibrant hue, weighing 24.78 carats and graded Fancy Intense Pink by the Gemological Institute of America (GIA).
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The emerald-cut stone, mounted as a ring, has been further assessed to be a member of the rare and coveted type IIa classification which comprises less than 2% of all of the world’s gem diamonds. In addition, while presently graded as VVS2 clarity, the GIA states that the stone may be internally flawless after repolishing. This sublimely beautiful stone is offered for sale with a pre-sale estimate of $27-38 million (CHF27-38 million) and its auction represents a landmark moment in the world of fine gemstones. The stone comes to the market from a private collection and has not appeared on the open market since it was purchased some 60 years ago from Mr Harry Winston.
The market for coloured diamonds is extremely strong, especially for blues, pinks and greens. With their extreme rarity, these coloured diamonds are the most sought-after gemstones in the auction rooms around the world today.
