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Pink diamond sales for $ 50 million

LONDON (Reuters)


16 minutes on November 11, 2018
– Last updated
November 11, 2018 / 00:20

Christie's auction for sale in Geneva next week will have a rare 19-diamond pink diamond, which is expected to earn as much as $ 50 million.

According to Christie's auction house, the rectangular diamond is the largest pink diamond ever found at auction. Diamond, the nickname of "Pink Legacy", belongs to the Oppenheimer family, which for a long time dominated De Beers, who maintained the world diamond industry until the late 1950s.

Despite an estimated $ 30 to $ 50 million, Christie is expecting the attraction of private customers from Asia. One of the recognizance of this bright pink diamond is that it is rectangular, which is commonly used with white diamonds, making it unique.

In recent years, colored diamonds have become very popular because the prices of precious stones in blue and pink are breaking records at auctions.

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