Purple-pink diamond sets world records, sells for over $29 million

Just 1% of pink diamonds are said to be larger than 10 carats and just 4% are graded “fancy vivid.”

A purple-pink diamond has set a new world record as it sell for $29.3 million in Hong Kong in an auctioned on May 23 at Christie’s Magnificent Jewels auction.

 

Named as “The Sakura,” the Japanese word for cherry blossom is a 15.8-carat purple-pink diamond set on a platinum and gold ring. The diamond is classed as “fancy vivid” because of its depth of colour and “internally flawless,” as any blemishes internally are only visible under a powerful microscope. Just 1% of pink diamonds are said to be larger than 10 carats and just 4% are graded “fancy vivid.”

 

It was bought by an Asian private buyer but the details cannot be revealed. “The Sweet Heart,” a 4.2-carat fancy vivid heart-shaped pink diamond ring, which sold for $6.6 million in same auction.

 

“The Sakura” beat a previous record set by “The Spirit of the Rose,” a 14.8-carat purple-pink diamond sold for $27 million at an auction organized by Sotheby’s in Geneva, Switzerland in November.

 

Previously, the “CTF Pink Star,” weighing 59.6 carats auctioned at $71.2 million in Hong Kong in April 2017.

India Scanner News Network

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