'Pink legacy' diamond breaks world record selling for more than $50,000,000

Cornelia Mascio
Novembre 14, 2018

On Tuesday, an exceptionally rare, 19-carat pink diamond sold for $50 million (about 50.4 million Swiss francs) at Christie's auction house in Geneva, Switzerland.

The stone once belonged to the Oppenheimer diamond family, and Christie's says it qualifies as a Type IIa diamond - the most chemically pure stones with little if any nitrogen.

Although Christie's did not reveal the auction victor, the diamond once belonged to the Oppenheimer family, who ran the De Beers diamond mining company until 2011 before selling it to Anglo American, a multinational mining company based in Johannesburg, South Africa, and London, UK.

Christie's chairman for Europe, Francois Curiel, called the stone the "Leonardo da Vinci" of diamonds.

In this photo taken on November 08, 2018, The Pink Legacy, an 18.96 carat fancy vivid pink diamond once owned by the Oppenheimer family is displayed during a press preview ahead of sales by Christie's auction house in Geneva.

The Pink Legacy was bought by renowned jeweler Harry Winston. "You may see this color in a pink diamond of less than one carat".

The rectangular-cut stone was found in a South African mine around a hundred years ago and has likely not been altered since it was first cut in 1920, Christie's said.

Rahul Kadakia, Christie's head of worldwide jewelry, said the auction house has sold only four diamonds weighing more than 10 carats of the same color in its 251 years in business.

He pointed out that the diamond has a "classical so-called emerald cut" - standing out from the typical cuts used today, which are more rounded and multi-faceted.

The rectangular-cut diamond has been graded "fancy vivid" - the highest possible grade of colour intensity.

Fancy Vivid Pink diamonds over 10 carats are extremely rare.

Another Geneva auction is set cause a buzz on Wednesday when Marie Antoinette's diamonds and pearls go under the hammer at Sotheby's.

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