10.08-ct Glowing Rose Could Fetch $20m
October 17, 25
(IDEX Online) - Sotheby's Geneva expects to raise $20m next month from the sale of the Glowing Rose, a 10.08-carat VVS2 fancy vivid pink diamond.
It's the first time it has been offered for sale at auction.
The cushion-modified brilliant stone was cut from a 21-carat Type IIa rough stone recovered in 2023, from a mine in Angola.
It has been set by Boodles, the British luxury jeweler, in a platinum band featuring baguette and brilliant cut white diamonds, with a subtle chevron of pinks, set in pink gold at the end of the row of whites.
"The Glowing Rose, with its cushion shape, has everything to appeal to the most discerning of diamond collectors — a wonderfully saturated colour, very high clarity and, at just over 10 carats, a fabulously rare size for a pink diamond of this quality," said Sotheby's in a statement.
It says the stone is only the third vivid pink cushion-cut diamond over 10 carats to come to auction in 10 years and says it's expected to achieve "in the region of $20 million".
That equates to $1,984,126 per carat - more than the world's priciest pink, but still a long way behind the 11.15-carat IF Williamson Pink Star ($5,178,124 per carat).
The world's most expensive pink diamond is the internally flawless 59.60-carat CTF Pink Star, which sold for $71.2m at Sotheby's Hong Kong in April 2017 ($1,194,227 per carat).
The Glowing Rose headlines Sotheby's High Jewelry Sale on 12 November, after being shown in Singapore and Taipei.
Pic courtesy Sotheby's.