An “ultra-rare” purple-pink diamond sold for a record 24.4 million Swiss francs ($26.6 million) at an auction in Geneva on Wednesday evening. The 14.83-carat stone, dubbed “The Spirit of the Rose,” is now the most expensive purple-pink diamond ever to sell at auction, according to Sotheby’s.
The sale comes more than three years after the gem was uncovered from a mine in northeast Russia. Taking its name from the 1911 Russian ballet “Le Spectre de la rose,” it was cut from an even larger rough diamond unearthed by the mining company Alrosa in 2017.
Then weighing 27.85 carats, the initial find was believed to be the largest pink crystal ever discovered in the country. It took a year to cut and polish the oval-shaped stone, which went on display in Hong Kong, Singapore and Taipei ahead of Wednesday’s sale.
According to the chairman of Sotheby’s jewelry division, Gary Schuler, the diamond’s rarity is a result of its size and color, which had been graded as “Fancy Vivid Purple-Pink.”
The jewel had also been classified as “internally flawless,” a measure of its clarity, while the stone belongs to a rare subgroup of diamonds that contain little to no nitrogen.
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