Tags: pink | legacy | diamond | auction

Pink Legacy Diamond, Almost 19 Carats, Set for Tour, Auction

large pink diamond on white background
The Pink Legacy diamond, once part of the Oppenheimer collection, will go on tour and be put up for auction. (Christie's)

Wednesday, 26 September 2018 09:24 AM

The Pink Legacy diamond, which weighs almost 19 carats is set to go on tour before being auctioned in Geneva and could fetch a record price of between $30 million and $50 million, Christie’s auction house announced on Tuesday.

The rectangular cut Pink Legacy is rated “vivid”, the highest rating for a diamond’s color, and weighs 18.96 carats, making it the largest fancy vivid pink diamond Christie’s has ever offered for auction.

It was once part of the Oppenheimer collection, Christie’s said, referring to the family who built De Beers into the world’s biggest diamond trader.

“Its exceptional provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds,” said Rahul Kadakia, international head of jewelry at Christie’s.

Only four vivid pink diamonds of over 10 carats have ever been offered for sale at auction, with a record price per carat set last November when Christie’s Hong Kong sold “The Pink Promise”, an oval-shaped diamond of just under 15 carats, for $32,480,500.

The Pink Legacy will be shown in Hong Kong, London and New York before being auctioned by Christie’s Geneva on Nov. 13.

© 2018 Thomson/Reuters. All rights reserved.

   
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The Pink Legacy diamond, which weighs almost 19 carats is set to go on tour before being auctioned in Geneva and could fetch a record price of between $30 million and $50 million, Christie’s auction house announced on Tuesday.
pink, legacy, diamond, auction
192
2018-24-26
Wednesday, 26 September 2018 09:24 AM
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