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Rare purple-pink diamonds can fetch up to $ 38 million at auction

What a rock.

An extremely rare, 14.83-carat “exquisite bright purple-pink internally flawless” diamond is expected to win up to $ 38 million at Sotheby’s auction next month, the auction house said Monday.

The oval-shaped gem, called “The Spirit of the Rose” after Vaslaw Nijinsky’s legendary ballet “Le Specter de la rose”, will enter the chopping block on November 11 in Geneva.

“Its unmatched qualities make it the largest purple-pink diamond ever to be auctioned,” Sotheby’s said of the type IIa classified diamond.

The stone was discovered by diamond manufacturer Alrosa and is cut from the largest pink crystal ever mined in Russia. The diamond was mined from the Ebelyakh deposit in the Republic of Sakha in northeastern Russia in July 201


“The appearance of pink diamonds in nature is extremely rare at any size. Only one percent of all pink diamonds are larger than 10 carats, and only four percent of all pink diamonds are rated “Fancy Vivid” and show a rich, vibrant color, “said Gary Schuler, world chairman of Sotheby’s jewelry department.

Schuler added: “To be able to offer a large polished pink diamond of over 10 carats and with the richness of color and purity of the Spirit of the rose is truly exceptional.”

He called the gem “a natural wonder immersed in Russia’s centuries-old diamond tradition and cultural heritage.”

The stone was displayed in Hong Kong, Singapore and Taipei before being sold at auction in Geneva.

With Post wires

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