of which giant pink diamond could sell for $30 million at auction

A ring featuring an extremely rare 37.30-carat pink diamond will be hitting the auction block Wednesday.

“The Raj Pink” will be the planet’s largest known fancy intense pink diamond.

“coloration diamonds are exponentially rarer than white stones,” said Sotheby’s international jewelry specialist Brett O’Connor. “The stone will be … right up at the very top. the item has size, the item has brilliance, the item has beauty.”

Sotheby’s plans to sell the ring at the Magnificent Jewels auction at the Four Seasons Hotel des Bergues in Geneva on Wednesday. The auction house estimates the diamond will sell for $20 million to $30 million.

The pink diamond incorporates a cushion-modified shape, meaning the item will be neither completely rectangular nor round.

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