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At Christie Auction, A Vivid Pink Diamond Sells For $28.8 Million

At a Christie's sale of rare gems on Tuesday, the biggest pear-shaped fancy bright pink diamond ever offered for auction sold for 28.4 million Swiss francs ($28.8 million), according to the auctioneer.

An extremely rare huge gemstone known as the "Fortune Pink" was purchased by a private Asian collector for more than $28.5 million on Tuesday at an auction in Geneva. According to Christie's auction house, the stone is the biggest pear-shaped "fancy vivid pink" diamond ever sold at auction, weighing 18.18 carats. The brilliant diamond sold for 24.5 million Swiss francs ($24,615,150), with the buyer's premium bringing the final price to 28,436,500 Swiss francs ($28,570,150). Three telephone bidders engaged in a competitive four-minute bidding war that began at 17 million Swiss francs. The winning bidder finally increased their offer by a million Swiss francs to acquire the gem.

The diamond was first displayed in Geneva before travelling to New York, Shanghai, Taiwan, and Singapore in October. It then made its way back to Switzerland. It was put up for auction as part of the Magnificent Jewels sale at Christie's Luxury Week in Geneva at the Hotel des Bergues. It was predicted that The Fortune Pink will sell for between $25 million and $35 million. The stone with a vivid, vibrant pink hue, according to Max Fawcett, head of Christie's jewellery department in Geneva, was mined in Brazil more than 15 years ago. He will not disclose who owned it but called the diamond "a wonderful miracle of nature." In an interview, Fawcett stated that there has been "great interest in the stone from all around the world." It is an absolutely amazing diamond.

According to the Australian site operator, miners in Angola discovered a rare pure pink diamond in July that is thought to be the greatest discovery in 300 years. The 170-carat pink diamond, known as The Lulo Rose, is one of the biggest pink diamonds ever found and was unearthed at the Lulo mine in the nation's diamond-rich northeast.

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Billionaire Laurence Graff paid a record-breaking $46.1 million for a magnificent vivid pink diamond weighing 24.78 carats. Originally owned by his competitor Harry Winston, it now carries graff’s name and is a part of the legendary collection of rare diamonds.

We usually advise brilliant round diamonds with a cut grade of very good, ideal, or super ideal for engagement rings (also known as hearts and arrows). A high cut grade maximises a diamond’s beauty for a given carat weight.

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It’s crucial to have a concept of what you might prefer before starting your search because it will enable you to focus on fewer of the many engagement ring possibilities that are now available. Also, when you initially start browsing, it helps to have a few distinct design concepts and the overall budget because the variety can be overwhelming.

Here are Engagement Ring Trends 2023:

1. Modern Art-Deco
2. Colored Stones
3. Lab-Grown Diamonds
4. East-West Settings
5. Multiple Large Stones

The traditional round diamond form, which is the most common, may come to mind when you think of diamonds. But if you want something different, a tonne of alternative forms may be found to suit your unique taste and style. Each diamond shape has its own fire and brilliance because they are cut to different standards, altering how they reflect light.

The most popular kinds of diamonds are listed below:

1. Round Brilliant Cut Diamonds
2. Princess-Cut Diamonds
3. Marquise-Cut Diamonds
4. Cushion-Cut Diamonds
5. Emerald-Cut Diamonds
6. Radiant-Cut Diamonds
7. Pear-Shaped Diamonds
8. Oval Diamonds
9. Asscher-Cut Diamonds