GemeWizard
Home|About Us|Store|Color Report Newsletter|Support|News & Events|Contact|Gemstones Colors

Gemstones Colors and Prices



         


   

      Gemewizard archive daily article




The 8.41-carat, pear-shaped, flawless pink diamond, being auctioned at Sotheby’s in Hong Kong.


The 36.06-carat “Pink Storm” rough diamond.

  With fall auctions about to take place, pink diamonds are back in the spotlight


October 2, 2014


Pink diamonds are making the rounds once again. An 8.41-carat, pear-shaped, flawless pink diamond, which will be auctioned on October 7 at Sotheby's in Hong Kong, is raising speculation that it may achieve one of the top three per-carat prices ever paid for pink diamonds at auction.

With a pre-sale estimated worth of between $12.8 million and $15.4 million, even if the diamond were to obtain its low-bid estimate, it will achieve a price per carat of $1.5 million, which will make it one of the three most valuable pink stones ever sold at auction on a per-carat basis.

The diamond, which was cut in New York from a 19.54-carat rough diamond mined by De Beers, has been graded by the Gemological Institute of America as an internally flawless, pear-shape, fancy vivid purple-pink diamond.

"This color is one of the most beautiful and concentrated shades of pink in diamonds that I have seen," said Quek Chin Yeow, chairman of Sotheby's international jewelry business in Asia. "Together with its exceptional clarity, it is not surprising that it would command the highest per-carat pre-sale estimate for any pink diamond to date."

The current record price ever paid per carat paid at auction for a diamond was $1.86 million, and it was achieved at the sale of the Graff Pink, a 24.76-carat, fancy intense pink diamond, in November 2010, which was purchased for $46.2 million. However, a 5-carat fancy vivid pink diamond that was sold privately in Hong Kong in January 2009 for $10.8 million, obtained an even higher $2.15 million.

Rough pink diamonds are also in the news. Following the recovery earlier this year of a 36.06-carat stone which it called "Pink Storm," Storm Mountain Diamonds have recovered a second exceptional pink diamond from its Kao mine in the Kingdom of Lesotho. The 23.82-carat diamond has been named the "Lesotho Storm."

Fusion/Hennig Tenders is tendering the "Lesotho Storm," along with a 51-carat diamond and a 35-carat diamond, both of which are yellow, in both Dubai and Antwerp.

©2007 Menahem Sevdermish, GemEwizard, Inc. All Rights Reserved. Designed by YCS - Yahalom Creative Solutions