LONDON, October 5, 2010 – Sotheby’s will present in its sale of magnificent jewels in Geneva on November 16 an exceptionally rare pink diamond, weighing 24.78 carats and graded Fancy Intense Pink by the Gemological Institute of America (GIA).
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 percent 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 stone is offered for sale with a pre-sale estimate of $27-38 million (CHF27-38 million).
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.
Commenting on the forthcoming sale of the pink diamond, David Bennett, Chairman, Europe and the Middle East, Sotheby’s International Jewellery Department, said, “During my 35-year career at Sotheby’s I have had the opportunity to examine many magnificent and rare gemstones and, put simply, this stone is one of the most desirable diamonds I have ever seen.
“What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut – a style of cutting normally associated with white diamonds and one that is so highly sought-after when found in rare colours such as pink and blue.
“The stone’s character is further enhanced by the gently rounded corners which impart a unique softness and charm to this truly outstanding gemstone.”
The market for coloured diamonds is extremely strong, especially for blues, pinks and greens.