Rare Fancy Intense Pink Diamond to Fetch up to $17 Million

“I do not remember the market for colored diamonds to have ever been as strong as it is today”, said David Bennett, the chairman of Sotheby’s jewelry department for Europe and the Middle East. Only six moths after selling the incredibly expensive ($46 million)Graff Pink diamond, Sotheby’s is getting ready to sell another stunner, an emerald-cut fancy intense pink diamond of 10.99 carats.

The gem will be auctioned off on May 17 in Geneva and it’s expected to fetch between $9 million and $17 million. Graded as a fancy intense pink natural color and VS1 clarity by GIA, the gem is also part of the very rare subgroup of type IIa diamonds, the chemically purest diamonds in the world. Less than two percent of the world’s diamonds fit in this category. It was last seen on the market some three decades ago, so you can expect quite a bidding war for this jewel.

Rare emerald cut pink diamond at Sothebys 10.99 Carat Rare Pink Diamond

By : 11 May 2011
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