This specific 19-carat Pink Legacy diamond could fetch $50 million

The 18.95 carat, fancy vivid pink stone is usually a rectangular cut along with is usually called The Pink Legacy. 

Source: Christie’s Images LTD. 2018

The 18.95 carat, fancy vivid pink stone is usually a rectangular cut along with is usually called The Pink Legacy. 

A large pink diamond a could become one of the most expensive gems ever sold at auction, estimated to fetch up to $50 million next month in Geneva.

The 18.95 carat, fancy vivid pink stone is usually a rectangular cut along with is usually called The Pink Legacy. Christie’s will put which up for auction Nov. 13 at its Magnificent Jewels Sale in Geneva, with an estimate sale cost of $30 million to $50 million, according to Christie’s.

Fancy vivid pink diamonds are extremely rare, especially those more than a carat or two. Only four over 10 carats in size have ever come up for auction in 250 years, Christie’s said. The Pink Legacy also carries a type IIA classification, meaning which is usually among the most chemically pure diamonds.

The gem traces its history to the Oppenheimer family, which adds to its worth. The famed South African diamond dynasty controlled much of the globe’s trade over three generations. Nicky Oppenheimer sold the family’s 40 percent stake in diamond mining company De Beers Group for $5.1 billion to Anglo American in 2011, after taking De Beers private in 2001.

“The discovery of This specific previously unrecorded along with remarkable diamond will cause immense excitement with collectors along with connoisseurs of diamonds around the globe,” said Rahul Kadakia, international head of jewelry for Christie’s.

The Pink Legacy won’t be the most expensive stone ever sold. which honor is usually still held by The Pink Star, a 59.60 carat fancy vivid pink diamond which sold in Hong Kong by Sotheby’s last year for $71.2 million. which first sold at auction in 2013, when Sotheby’s sold which for $83 million to a brand-new York-based diamond cutter. however the buyer defaulted on the deal, so which came back up for auction.

The second most expensive diamond ever sold is usually the Oppenheimer Blue diamond, which had also been from the Oppenheimer family, sold for $57.2 million in 2016. If the Pink Legacy fetches $50 million, which would certainly become the third most expensive ever auctioned.

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