Dazzling pink diamond might fetch greater than $21 million at public sale

A blinding pink diamond, described as one of many world’s purest, might fetch greater than $21 million when it goes underneath the hammer in Hong Kong in October, public sale home Sotheby’s stated on Wednesday.

At 11.15 carats, the cushion-shaped gem is known as “Williamson Pink Star”, in tribute to 2 different pink diamonds.

One is the “CTF Pink Star”, a 59.60-carat oval mixed-cut diamond which bought for a document $71.2 million at public sale in 2017.

The different is the “Williamson” stone — a 23.60 carat diamond given to Britain’s Queen Elizabeth as a marriage reward by Canadian geologist John Thorburn Williamson. Worn by the monarch in a Cartier brooch, it was found in his mine in Tanzania.

The “Williamson Pink Star” additionally originates from that mine.

“(Pink diamonds) are exceptionally uncommon in nature…,” Kristian Spofforth, Sotheby’s head of jewelry, instructed Reuters at a press preview.

“You then add within the additional components prefer it being over 10 carats, internally flawless and Type IIA, and also you get proper right down to the top,” he added referring to a subgroup of probably the most chemically pure diamonds.

A model poses with the Williamson Pink Star.

A mannequin poses with the Williamson Pink Star. Credit: Sotheby’s Auction House

Top high quality coloured stones are prized by the tremendous rich and Spofforth stated he anticipated many bids for the gem when it’s supplied on the market in a standalone public sale on Oct 5.

“We noticed over the lockdown disaster and the COVID disaster that there’s all the time demand for the uncommon and the attractive on the earth, and that is one thing exceptionally uncommon that I feel could have loads of bidders on the day,” he stated.

Ahead of the public sale, the “Williamson Pink Star” will go on tour to Dubai, Singapore and Taipei earlier than arriving in Hong Kong.