Pink Diamond’s $45.6 Million Tops Prices Before HK Sale

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Photographer: Michael Oldford/Sotheby's via Bloomberg

A 118.28-carat white diamond. It is estimated to sell for more than $28 million at auction in Hong Kong.

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Photographer: Michael Oldford/Sotheby's via Bloomberg

A 118.28-carat white diamond. It is estimated to sell for more than $28 million at auction in Hong Kong. Close

A 118.28-carat white diamond. It is estimated to sell for more than $28 million at auction in Hong Kong.

Photographer: Michael Oldford/Sotheby's via Bloomberg

A 118.28-carat white diamond. One of only five white diamonds of more than 100 carats ever to be offered at a public sale, it will be auctioned by Sotheby's in Hong Kong on Oct. 7 as part of its 40th anniversary series of sales in Asia. Close

A 118.28-carat white diamond. One of only five white diamonds of more than 100 carats ever to be offered at a public... Read More

Source: Sotheby's via Bloomberg

A 24.78-carat pink diamond that sold at Sotheby's Nov. 16 auction of jewels in Geneva. Not seen on the open market for 60 years, it was estimated to sell for between 27 million Swiss francs and 38 million francs. It fetched 45.4 million francs and is named the "Graff Pink." Close

A 24.78-carat pink diamond that sold at Sotheby's Nov. 16 auction of jewels in Geneva. Not seen on the open market... Read More

Source: Christie's Images Ltd. 2013 via Bloomberg

The "Princie" Diamond, an historic cushion-cut fancy intense pink diamond, weighing approximately 34.65 carats. The Gemological Institute of America states that the diamond is "fancy intense pink, natural color, VS2 clarity." Close

The "Princie" Diamond, an historic cushion-cut fancy intense pink diamond, weighing approximately 34.65 carats. The... Read More

Source: Christie's Images Ltd. 2013 via Bloomberg

"Winston Legacy" is a pear-shaped colorless diamond weighing 101.73 carats. The D-color flawless stone, the largest of its type ever offered for public sale, was included in a Christie's International jewelry auction at the Four Seasons Hotel des Bergues in Geneva, Switzerland, on May 15. Its final price was later confirmed at 25.9 million Swiss francs ($26.7 million). Close

"Winston Legacy" is a pear-shaped colorless diamond weighing 101.73 carats. The D-color flawless stone, the largest... Read More

Source: Christie's International via Bloomberg

The "Wittelsbach" Diamond, an extremely rare 35.56 carat, 17th century, fancy deep grayish-blue diamond once owned by King Philip IV of Spain sold for 16.4 million pounds ($24.3 million). Close

The "Wittelsbach" Diamond, an extremely rare 35.56 carat, 17th century, fancy deep grayish-blue diamond once owned by... Read More

Source: Christie's via Bloomberg

The "Perfect Pink," a pink diamond weighing 14.23 carats, mounted in a rose and white gold ring. Close

The "Perfect Pink," a pink diamond weighing 14.23 carats, mounted in a rose and white gold ring.

A 118.28-carat white diamond is estimated to sell for more than $28 million at auction in Hong Kong next month. The price, if achieved, would be a record for any colorless gem at a public sale.

The oval D-color Flawless Type IIa stone, the largest of its type to appear at auction, will be sold by Sotheby’s (BID) on Oct. 7 as part of its 40th-anniversary events in Asia. Only four other white diamonds of this quality weighing more than 100 carats have appeared at public sales, the New York-based company said.

The world’s biggest round “fancy vivid” blue diamond, called “The Premier Blue” and weighing 7.59 carats, carries a minimum valuation of $19 million at the same Hong Kong auction.

Rare gemstones are both status symbols and hedges against volatility in the financial markets, and their prices are rising. Colored stones, which account for about 0.01 percent of mined diamonds, command the highest price per carat.

Here is a list of the world’s five most expensive diamonds sold at auction. All prices include auction house fees.

1. The “Graff Pink”

Sale price: $45.6 million, 45.4 million Swiss francs.

Description: A 24.78-carat round-cornered rectangular step-cut Fancy Intense pink diamond.

Auction house: Sotheby’s, Geneva, Nov. 15, 2010.

Notes: Bought and named by the London-based jeweler Laurence Graff.

“It is the most fabulous diamond I’ve seen in my career,” Graff said after the sale.

2. The “Princie” Diamond

Sale price: $39.3 million.

Description: A 34.65-carat Fancy Intense pink cushion-shaped diamond.

Auction house: Christie’s International, New York, April 16, 2013.

Notes: The gem was first recorded in the holdings of the Nizam, or monarch, of Hyderabad, India, according to Christie’s.

3. The “Winston Legacy”

Sale price: $26.7 million, 25.9 million Swiss francs.

Description: An unmounted 101.73-carat pear-shaped D-color Flawless Type IIA white diamond.

Auction house: Christie’s Geneva, May 15, 2013.

Notes: Record auction price for a single colorless diamond, bought by Harry Winston, the watch and jewelry brand.

4. The “Wittelsbach” Diamond

Sale price: $24.3 million, 16.4 million pounds.

Description: Historic 17th-century Fancy Deep grayish-blue cushion-shaped diamond weighing 35.56 carats.

Auction house: Christie’s, London, Dec. 10, 2008.

Notes: Bought by Graff. The stone was recut by Graff in December 2009 and is now 31.06 carats and renamed the Wittelsbach-Graff.

5. The “Perfect Pink”

Sale price: $23.2 million, HK$ 179.9 million.

Description: Fancy Intense pink rectangular-cut diamond ring of 14.23 carats.

Auction house: Christie’s Hong Kong, Nov. 29, 2010.

Notes: In 244 years of auctions, only 18 pink diamonds of more than 10 carats (2 grams) have come up for sale, Christie’s said at the time.

Muse highlights include Manuela Hoelterhoff on arts, Mark Beech on music and Ryan Sutton on U.S. restaurants.

To contact the writer on the story: Scott Reyburn in London at sreyburn@hotmail.com.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

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