We’re coming up on the season for Magnificent Jewels auctions at the major public sale houses, and Sotheby’s has just unveiled one that could be a record-breaker. It’s a rare pink diamond that is believed to be worth $35 million.
Known as The Eternal Pink, this gem is offered at Sotheby’s June auction. The auction house says it’s the highest-graded pink diamond ever to come on the market, and it’s nearly flawless — something that only adds to its value.
This gemstone results from years of careful work by Sotheby’s specialists, who have worked to bring out the diamond’s natural color and transparency. In addition, Sotheby’s experts have polished the ruby to ensure it’s as symmetrical and evenly proportioned as possible.
The rare pink diamond has been given an exceptional color grade of Fancy Vivid Pink, meaning the gem is more vivid than most others of this type. It’s the most vivid of all the Fancy Vivid Pink diamonds ever auctioned.
Sotheby’s says that the gemstone’s color is caused by boron atoms embedded in its structure, which gives it its luminous hue. This is what makes this rare gem so prized by collectors. Sotheby’s is not revealing how much the ruby and diamond will sell for, but they are expected to fetch millions of dollars each.
The ruby and the pink diamond are being touted as one of the world’s finest. The auction house’s executive director of jewelry, Quig Bruning, calls them “one of the most magnificent and important jewels to ever be sold at auction.”
While many people are familiar with the diamond, many may need to learn that there is also such a thing as a pink diamond. These gems are scarce and usually come with a high price tag, but they are becoming popular as people become aware of them.
A recent sale of a rare pink diamond in Hong Kong fetched over $35 million, making it the most expensive gem ever. A similar sale in 2020 saw a slightly lighter pink diamond fetch even more money.
The Eternal Pink will be exhibited in cities such as Hong Kong, Dubai, Singapore, and Geneva before it’s offered for sale in New York City. It’s sure to attract plenty of attention from wealthy investors looking for a new way to show off their wealth.
