Multimillion Dollar Pink Diamonds in Auction
Pink diamonds are one of the rarest and most valuable gemstones in the world. In fact, they are so rare that many people have never even seen one in person. But why are these diamonds so valuable?
The first thing to understand is that all diamonds are rare. However, pink diamonds are even rarer than the average diamond. Scientists estimate that only one in every 10,000 diamonds is a naturally occurring pink diamond. This rarity alone makes pink diamonds incredibly valuable.
But scarcity is not the only factor that makes pink diamonds so valuable. These diamonds are also renowned for their exquisite beauty. Unlike yellow or white diamonds, pink diamonds are not just graded for their clarity and carat weight, but also for their color. The Gemological Institute of America (GIA), the foremost authority on diamond grading, uses a color grading system that ranges from D (colorless) to Z (light yellow or brown). However, for pink diamonds the GIA uses a different grading system that takes into account the intensity of the pink color.
The more intense the pink color, the higher the value of the diamond. Pink diamonds can range in color from a pale pink (known as a “light pink” diamond) to a deep, vivid pink (known as a “fancy vivid” pink diamond). The latter is the rarest and most valuable of all pink diamonds.
The allure of pink diamonds is often tied to their romantic symbolism and collectable value. Therefore, we often see pink diamonds in world class Auction houses such as Sotheby’s and Christie’s.
Ultra Rare 10.57ct “The Eternal Pink” by Sotheby’s Magnificent Jewels Auction in June 2023
Sotheby’s Magnificent Jewels auction in New York on June 8th will feature an incredibly rare 10.57carat “bubblegum pink” diamond, expected to sell for over $35 million. Dubbed the “Eternal Pink”, this Fancy vivid purplish pink cushion-cut gem is internally flawless and has been referred to as the most vivid pink diamond ever to come to market. It is estimated that the diamond may challenge the price per carat record for any diamond or gemstone sold at auction, potentially fetching over $54.7 million from a buyer willing to exceed expectations. Sotheby’s has announced that this gem has the highest price per carat estimate ever placed on any diamond or gemstone, at $3,311,258. De Beers uncovered the “Eternal Pink” at the Damtshaa mine in Botswana as a 23.78-carat rough, which was then expertly cut by Diacore over a six-month period.
The Sakura, a Fancy Vivid Purple-Pink Internally Flawless Type IIa diamond ring, 15.81 carats by Christie’s 2021
A fancy vivid purple-pink” 15.81-carat diamond, with a natural color resembling Japanese cherry blossom or “sakura,” was sold at Christie’s Hong Kong for HK$226.3m (US$29.1m) in 2021. This diamond is set on a simple platinum ring and is one of the largest pink diamonds ever to be offered at any auction, with less than 10% of pink diamonds weighing more than a fifth of a carat. The gem is classified by the Gemological Institute of America (GIA) as Type IIa, making up less than 2% of all gem diamonds. Additionally, it has been classified as internally flawless and has an incredible fancy vivid color that adds to its remarkable rarity. This diamond now holds the record for the most expensive purple-pink diamond ever sold at auction, surpassing “The Spirit of the Rose,” which was sold in Geneva November 2020 for CHF 24.4m.
Invest Pink Diamond with JennyBay Diamond
JennyBay Diamonds is specialized in selecting and selling high-quality pink diamonds. Known as one of the most sought-after and rare diamonds in the world, pink diamonds are known for their stunning beauty and unparalleled grace. JennyBay Diamonds has a vast collection of pink diamonds that are of superior quality, and they have firmly established themselves as a leading dealer in this niche.
What makes JennyBay Diamonds’ collection of pink diamonds stand out are the team of expertise are always there to ensure that only the best ones make it to the collection. This guarantees that customers get nothing but the best, rarest diamonds. JennyBay Diamonds’ online pink diamond collection is a must-see for anyone interested in high-quality collectable jewellery. Our diamonds are of exceptional quality and value.
