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

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

World

Fresh magnitude-6 earthquake strikes Panama after deadly tremor

World

Houthi missile intercepted over Riyadh as attacks intensify pressure on Saudi Arabia

World

Malaysia seeks China’s satellite technology to improve flood warnings, combat cross-border crime

World

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

World

Indonesia hotspots spike as Kalimantan records 326, Sumatra 303

World

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

World

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

World

Pope Leo XIV diagnosed with lung cancer after successful surgery