An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby’s, which says it is worth between $23 and $38 million.
Named “The Spirit of the Rose” after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its category — “fancy vivid purple-pink”.
“The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby’s jewellery division, said in a statement.
“Only one per cent of all pink diamonds are larger than 10-carats.”
Benoit Repellin, head of fine jewellery auctions at Sotheby’s Geneva, spoke to AFP and said the oval-shaped diamond was “completely pure.”
The rough diamond was unearthed by Russia’s Alrosa — one of the world’s leading diamond producers — in the Republic of Sakha in the northeast of the country in July 2017.
Repellin said it took a painstaking year for cutting masters to turn the diamond into its polished form.