‘Incomparable’ pink diamond smashes record at Geneva auction (Channel News Asia – November 14, 2018)

https://www.channelnewsasia.com/

GENEVA: An exceptionally rare 19-carat pink diamond fetched US$50 million (€44 million) at auction in Geneva on Tuesday (Nov 13), Christie’s said, setting a new per carat record for a stone of its kind.

The Pink Legacy, which once belonged to the Oppenheimer family which for decades ran the De Beers diamond mining company, was snapped up by American luxury brand Harry Wilson, part of the Swiss Swatch group.

“US$2.6 million per carat. That is a world record per carat for a pink diamond,” said Francois Curiel, head of Christie’s in Europe. “This stone is for me the Leonardo da Vinci of diamonds,” he added.

The stone was immediately rechristened the “Winston Pink Legacy” by its buyers. Christie’s international head of jewellery, Rahul Kadakia, described The Pink Legacy as “one of the world’s greatest diamonds”.

The rectangular-cut diamond has been graded “fancy vivid” – the highest possible grade of colour intensity. The stone was discovered in a South African mine around a century ago and was probably cut in the 1920 and has not been altered since, Christie’s said.

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