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Sotheby’s Geneva achieves extraordinary price for rare 24.78-carat diamond
Graff buys it and names it - 'The Graff Pink'
By: Diamond World News Service
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Nov 18 2010 11:25PM
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Reference: 5501  

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Sotheby’s Geneva made a historic sale with an exceptionally rare 24.78-carat, VVS2, fancy intense pink diamond of the purest, vibrant hue with a classic emerald-cut. The said stone sold for $46,158,674 to Laurence Graff. The buyer already has named his buy as ‘The Graff Pink’ reports say.

The diamond is considered highly extraordinary and its sale, according to Sotheby’s underlines the readiness of buyers to pay a whooping price for such collectibles. The diamond has been placed on auction from a private collection, and for the first time since it was purchased around 60 years ago from Harry Winston.

A 4.59-carat, pear-shaped fancy intense pink diamond ring became the second top lot to be bought for $2,814,163; a 20.16-carat diamond ring by Graff, sold as the third top lot for $2,757,281; followed by a Harry Winston diamond ring with a 20.18-carat emerald-cut center stone flanked by tapered baguette diamond shoulders was bought for $2,472,868; the fifth lot was a diamond necklace and brooch signed by Adler sold for $2,359,103.

The total sale revenues beat expectations, standing at $105,051,728. Exceptional white diamonds, rare colored stones, jewels with important provenance and signed pieces attracted high prices.

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