Weekly News

Pink Legacy diamond sold for world record price

November 14,2018 03:20

The price of around $2.6m per carat marked a world record for a pink diamond, according to the Europe head of auction house Christie's. It had been valued at between $30-$50m before sale, and was bought after only five minutes of bidding. The diamond's ...


Image copyright AFP/Getty
Image caption The diamond's new owners have rechristened it the Winston Pink LegacyA rare pink diamond has fetched 50.3m Swiss francs ($50m; £38.5m) at auction, a record price per carat.
Pink Legacy, weighing in at just under 19 carats, was bought by US brand Harry Winston at auction in Geneva.
The price of around $2.6m per carat marked a world record for a pink diamond, according to the Europe head of auction house Christie's.
It had been valued at between $30-$50m before sale, and was bought after only five minutes of bidding.
The diamond's new owners have rechristened it the Winston Pink Legacy.
Would you buy a synthetic diamond?
Can you spot a laboratory-made diamond?
Once owned by the Oppenheimer family, who formerly ran the De Beers mining company, the diamond was referred to as "one of the world's greatest diamonds" by Christie's international head of jewellery, Rahul Kadakia.
"You may see this colour in a pink diamond of less than one carat," Mr Kadakia said. "But this is almost 19 carats and it's as pink as can be. It's unbelievable."

Image copyright AFP/Getty
Image caption The diamond sold after five minutes of biddingIt was graded as "fancy vivid" - the highest level of colour intensity.
The rectangular-cut stone was found in a South African mine around 100 years ago and has likely not been altered since it was first cut in 1920, Christie's said.
Finding a fancy vivid pink diamond larger than 10 carats is virtually unheard of, the auction house said.
Pink Star diamond sets new world record
Diamond fetches $33.7m at auction
Earrings sold for world record $57.4m
The auction price of the Pink Legacy diamond, sold at Christie's annual Magnificent Jewels auction, beat the previous record price-per-carat.
In November 2017, an 8.41-carat pink diamond sold for $17,768,041 (£11,438,714) in Hong Kong - more than $2.1m (£1.8m) a carat.

world of tanks world of warcraft world of warships world world trade center world map world press photo world war 3 world of warcraft battle for azeroth worldsnooker

Share this article

Related videos

19-carat
19-carat "Pink Legacy" diamond sells for $50M a...
World record:
World record: "Pink Legacy" diamond sells for m...

DON'T MISS THIS STORIES