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Friday, November 09, 2018, 10:06
Christie's to auction pink diamond that could fetch US$50M
By Associated Press
Friday, November 09, 2018, 10:06 By Associated Press

A Christie's employee displays an 18.96-carat fancy vivid pink diamond during a preview at Christie's in Geneva, Switzerland, Nov 8, 2018. (MARTIAL TREZZINI / KEYSTONE VIA AP)

GENEVA  — Christie's puts under the hammer next week the largest fancy vivid pink diamond that the famed auction house has ever sold, expecting to fetch $30 million to $50 million for the nearly 19-carat, rectangular-cut gemstone.

The "Pink Legacy" will be the standout offering at Christie's fall jewelry auction in Geneva on Tuesday

The "Pink Legacy" will be the standout offering at Christie's fall jewelry auction in Geneva on Tuesday.

READ MORE: Christie's to hold contemporary art auction in HK

The stone once belonged to the Oppenheimer diamond family, and Christie's says it qualifies as a Type IIa diamond — the most chemically pure stones with little if any nitrogen. It says fancy vivid pink diamonds over 10 carats are "virtually unheard of" in salesrooms.

ALSO READ: Two works break US$50m barrier at Christie's auction

Christie's sale kicks off two days of jewelry auctions in Geneva. On Wednesday, Sotheby's will auction jewelry once owned by French Queen Marie Antoinette that hasn't been seen in public for 200 years.

An 18.96-carat fancy vivid pink diamond is shown on display during a preview at Christie's in Geneva, Switzerland, Nov 8, 2018. (MARTIAL TREZZINI / KEYSTONE VIA AP)


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