This Pink Diamond Could Sell For $50 Million

BY Harper's Bazaar Arabia / Sep 26 2018 / 00:20 AM

The Pink Legacy diamond weighs just under 19 carats and will be offered for sale by Christie’s in November

This Pink Diamond Could Sell For $50 Million
Courtesy Christie's
The Pink Legacy diamond

Christies has announced that The Pink Legacy – the largest and finest Fancy Vivid Pink diamond ever presented by the company at auction – will be offered for sale at their Magnificent Jewels auction in Geneva on 13 November.

Formerly belonging to the Oppenheimer family, the diamond weighs 18.96 carats and is estimated to sell between $30 to $50 million to the (very lucky) buyer. It is cut into a classic rectangular shape and is also internally very pure.

The Pink Legacy Diamond

The Pink Legacy diamond weighs just under 19 carats

A “Vivid” colour is the highest diamond colour grade awarded by the Gemological Institute of America (GIA), and means The Pink Legacy is among the most strongly saturated of these gems.

Tom Moses, Executive Vice President of the GIA, says, “Pink diamonds of any size and depth of colour have always had a special allure even amongst knowledgeable industry members. This 18.96 carat emerald cut pink diamond is amongst the rarest of all gemstones.”

The Pink Legacy Diamond Fancy Vivid Pink

The diamond is expected to sell between US$30 to US$50million

The Pink Legacy will be auctioned on 13th November at the Four Seasons Hotel des Bergues in Geneva, after being exhibited on a global tour.

Rahul Kadakia, Christie’s International Head of Jewellery, has high expectations for the diamond, commenting, “The discovery of this previously un-recorded and remarkable diamond will cause immense excitement with collectors and connoisseurs of diamonds around the world. Its exceptional provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds.”