Rare Pink Diamond to Sell for $38 Million

rare-pink-diamond-to-sell-for-38-millionA rare pink diamond valued at around 38 million US dollars (28 million euros) would go on sale in Geneva in November, according to auctioneers at Sotheby’s on Tuesday.

The pink diamond is a 24.78 carat gem which is cut into a rectangular shape with gently rounded corners and mounted on a ring in between two clear stones.

Rare Pink Diamond Could Net US $38M Video

The auction house said, the 24.78 carat Fancy Intense Pink Diamond mounted on a ring comes from a private collection.

The diamond was sold off by celebrity jeweler Harry Winston 60 years ago. Currently the pink diamond is in Hong Kong and will tour around the world before it is being sold by Sotheby’s auction house in Geneva.

David Bennett, chairman for Europe and the Middle East at Sotheby’s international jewellery department said, “During my 35-year career at Sotheby’s I have had the opportunity to examine many magnificent and rare gemstones and, put simply, this stone is one of the most desirable diamonds I have ever seen.”

“What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut – a style of cutting normally associated with white diamonds,” he also said.