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Christie’s to auction 10.09-carat purplish pink diamond
its pres-ale estimate price is between $12 million to $15 million
By: Diamond World News Service
Mar 4 2011 5:02PM
Reference: 5796  

One of the highlights at Christie’s forthcoming Magnificent Jewels Auction in New York is a 10.09-carat, cushion cut, fancy vivid purplish pink diamond carrying a presale estimate of $12 million to $15 million. The auction is slated on April 12, 2011. Rahul Kadakia, head of jewelry at Christie's New York, stated, ''Collector demand for large colored diamonds has never been stronger, especially where pink diamonds of this size and quality are concerned. In all my years at Christie’s, I have never seen such vivid color in a stone of this size.'' He added, ''At Christie’s New York this past December, jewelry collectors competed for a 6.89 carat fancy vivid purplish-pink diamond, which ultimately sold for $6.9 million or $1 million per carat. This larger stone, with its richer, deeper hue of pink and electrifying purple tone is positioned to become one of this season’s top-selling diamonds.''

Pink diamonds of this type gain their highly desirable color as a result of a rare, naturally-occurring slippage of the crystallographic lattice in the stone during its formation within the earth’s crust. Only a few mines in the world produce pink diamond rough, and of the stones that are cut and polished, only one in about 10 million diamonds will possess a color pure enough to be graded as “Fancy Vivid”.

Pink diamonds have featured often in Christie’s auction - The Perfect Pink (14.23-carat, fancy intense pink rectangular-cut diamond) was sold for $23.2 million - a record price for any jewel sold at an auction in Asia; The Vivid Pink - a 5-carat fancy vivid pink, internally flawless diamond sold for $10.8 million; a 6.89-carat fancy vivid purple-pink diamond sold for $6.9 million; The Rose of Dubai - A Fancy Pink internally-flawless diamond of 25.02 cts sold for US$ 6,008,000. Likewise, the 10.09-carat pink diamond is expected to sell at an impressive price.

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