Wednesday, March 2, 2011

Hot For Pink

You've seen the sales, you've seen the pinkies. The cognoscenti can't get enough of that pink stuff when it comes to diamonds. The bigger the better is their rallying cry. Sales of these extravagant stones have upped the per carat price to US$1million.

So now, Christies tantalizes the diamond collecting world with this hottie:  A Fancy Vivid Purple-Pink Cushion-Cut Diamond  of 10.09 carats at a pre-sale estimate of US$12-15 million. This luscious diamond is the kingpin of their Magnificent Jewels (New York) auction on April 12, 2011.

“Collector demand for large colored diamonds has never been stronger, especially where pink diamonds of this size and quality are concerned. Fewer than 10 percent of all pink diamonds mined weigh more than 0.20 carats, and even fewer exhibit the exceptional color saturation and brilliance of this exceptional gem. In all my years at Christie’s, I have never seen such vivid color in a stone of this size,” said Rahul Kadakia, Head of Jewelry at Christie's New York.

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