A pink diamond offered at auction for $35 million

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“Eternal Pink”, a pink diamond “rare among the rare” will be sold at auction next June by Sotheby’s.

 

Sotheby’s, the auction house owned by the multi-national (French, Moroccan, Israeli, Portuguese and…Christophian) tycoon Patrick Drahi, announced Wednesday that an exceptional pink diamond will be auctioned in New York on June 8. The auction for this extremely rare “Eternal Pink” will be held during a special week of jewelry sales.

 

“You are dealing with the rarest diamond among the rare, whose stone suffers no comparison”, said enthusiastically Alexander Eblen, head of jewelry sales for Sotheby’s to AFP.

 

The 10.57-carat “impurity-free” diamond had been extracted in 2019 from a mine in Botswana. It weighed 23.78 carats in rough at the time. Estimated at more than $35 million, the gemstone is breaking records.

 

“Valued at about $3.3 million per carat, or just over $35 million, it is the highest estimate per carat for a gemstone presented on the market”, Elben said.

 

 

Unparalleled rarity

 

The New York auction market is booming and auction houses such as Sotheby’s, Christie’s and Philips are increasingly interested in the jewelry, clothing and furniture holdings of stars of the arts, letters and sports.

 

Sotheby’s considers this pink diamond to be “much rarer than a Magritte or a Warhol” because of its purity and perfection.

 

The previous record sale for a pink diamond was in Hong Kong in 2017, at $71.2 million. Behind it, the Williamson pink diamond sold for $57.7 million in 2022, again in Hong Kong. Sotheby’s hopes to achieve a price in the same range for its “Eternal Pink,” considered rarer than these previously sold diamonds.

 

Read also >The largest pink diamond ever sold at auction by Christie’s Geneva

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“Eternal Pink”, a pink diamond “rare among the rare” will be sold at auction next June by Sotheby’s.

 

Sotheby’s, the auction house owned by the multi-national (French, Moroccan, Israeli, Portuguese and…Christophian) tycoon Patrick Drahi, announced Wednesday that an exceptional pink diamond will be auctioned in New York on June 8. The auction for this extremely rare “Eternal Pink” will be held during a special week of jewelry sales.

 

“You are dealing with the rarest diamond among the rare, whose stone suffers no comparison”, said enthusiastically Alexander Eblen, head of jewelry sales for Sotheby’s to AFP.

 

The 10.57-carat “impurity-free” diamond had been extracted in 2019 from a mine in Botswana. It weighed 23.78 carats in rough at the time. Estimated at more than $35 million, the gemstone is breaking records.

 

“Valued at about $3.3 million per carat, or just over $35 million, it is the highest estimate per carat for a gemstone presented on the market”, Elben said.

 

 

Unparalleled rarity

 

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“Eternal Pink”, a pink diamond “rare among the rare” will be sold at auction next June by Sotheby’s.

 

Sotheby’s, the auction house owned by the multi-national (French, Moroccan, Israeli, Portuguese and…Christophian) tycoon Patrick Drahi, announced Wednesday that an exceptional pink diamond will be auctioned in New York on June 8. The auction for this extremely rare “Eternal Pink” will be held during a special week of jewelry sales.

 

“You are dealing with the rarest diamond among the rare, whose stone suffers no comparison”, said enthusiastically Alexander Eblen, head of jewelry sales for Sotheby’s to AFP.

 

The 10.57-carat “impurity-free” diamond had been extracted in 2019 from a mine in Botswana. It weighed 23.78 carats in rough at the time. Estimated at more than $35 million, the gemstone is breaking records.

 

“Valued at about $3.3 million per carat, or just over $35 million, it is the highest estimate per carat for a gemstone presented on the market”, Elben said.

 

 

Unparalleled rarity

 

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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