World

Rare pink diamond worth estimated RM160 mil to go under hammer in Geneva

Gemstone weighs exactly 18.18 carats, considered lucky number in parts of Asia

Updated 4 years ago · Published on 26 Sep 2022 7:00PM

Rare pink diamond worth estimated RM160 mil to go under hammer in Geneva
Weighing exactly 18.18 carats, the vividly coloured Fortune Pink diamond is the largest pear-shaped pink diamond of its quality ever to be offered for sale at auction. – AFP pic, September 26, 2022

GENEVA – The Fortune Pink, an exceptionally rare giant gemstone, will be auctioned in Geneva in November when it is expected to go for up to US$35 million (RM161 million), auctioneers said today.

At over 18 carats, the vividly coloured gem is the largest pear-shaped pink diamond of its quality ever to be offered for sale at auction, the Christie’s auction house said.

The diamond, which goes under the hammer for the first time on November 8, has been estimated at between US$25 million and US$35 million.

The sparkling pink tear-drop-formed stone, which has been mounted on a ring flanked by a large white diamond on either side, weighs exactly 18.18 carats.

Christie’s highlighted that this was considered a lucky number in parts of Asia, where it signifies “definite prosperity”, saying it expected the diamond to “garner interest from collectors across the globe.”

“Weighing in at an auspicious 18.18 carats... the weight in fact brings luck to the new owner,” Angela Berden, Christie’s senior jewellery specialist, said.

“It’s a beautiful stone, it’s extremely rare to find a pink diamond, vivid pink diamond, of this size,” she said.

“The colour saturation of this stone is... so difficult to find in nature, and then when you find a crystal... with that weight, with that colour, and a very good clarity, that’s just really rare.”

“I wouldn’t know where to find another one at this moment.”

While the Fortune Pink is the largest vivid pink pear-shaped diamond to go to auction, larger cushion-shaped pink diamonds have previously gone under the hammer.

In 2018, Christie’s sold the 18.96-carat Winston Pink Legacy, which raked in over US$50 million 00 the highest per-carat price ever paid for a stone of its kind.

The giant Raj Pink diamond, weighing a full 37.3 carats, meanwhile, failed to sell at a Sotheby’s auction a year earlier, where it had been estimated at up to US$30 million. – AFP, September 26, 2022

Related News

Malaysia / 1mth

Hadi Awang's cane fetches RM16,500 at auction for PRN Melaka

Malaysia / 11mth

Vida's assets successfully auctioned for RM1 million

People / 11mth

Luxury cars, 727 items belonging to Datuk Seri Vida to be auctioned

Malaysia / 1y

MTUC claims it was excluded from ILC Conference, former sec-gen clarifies

World / 1y

Mercedes 'streamliner' fetches record 51 million euros at auction

Malaysia / 2y

Rare painting once owned by Jho Low up for auction

Spotlight

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

LPT3 row puts Kelantan’s infrastructure priorities under scrutiny

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Irene Sofiya murder probe referred to Johor prosecutors for review

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

Sulaiman Md Ali opts out of Melaka polls, will not defend Lendu

You may be interested

World

India releases youth protest leaders after detention as voter-list row deepens

World

Five Malaysians held in Tokyo over RM3.1m cocaine haul hidden in shoes

World

Houthi attacks hit Riyadh, Dammam airports as Saudi Arabia faces mounting security threat

World

Fresh magnitude-6 earthquake strikes Panama after deadly tremor

World

North Korea test-fires tactical ballistic missile amid rising regional tensions

World

Iran says US response on Hormuz Strait reopening proposal falls short

World

Indonesia rules out national disaster status for forest fires despite regional haze

World

IMF warns AI sell-off; Soaring bond yields could trigger global market turmoil