Dazzling pink diamond could fetch more than $21 million at auction

LONDON, Aug 31 (Reuters) – A blinding pink diamond, described as one of many world’s purest, may fetch greater than $21 million when it goes beneath the hammer in Hong Kong in October, public sale home Sotheby’s mentioned on Wednesday.

At 11.15 carats, the cushion-shaped gem 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 offered for a file $71.2 million at public sale in 2017.

The opposite is the “Williamson” stone – a 23.60 carat diamond given to Britain’s Queen Elizabeth as a marriage present 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, advised Reuters at a press preview.

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

Fine quality colored stones are prized by the tremendous rich and Spofforth mentioned 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 at all times demand for the uncommon and the gorgeous on this planet, and that is one thing exceptionally uncommon that I feel may have loads of bidders on the day,” he mentioned.

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

Reporting by Gerhard Mey; Writing by Marie-Louise Gumuchian, Modifying by Alexandra Hudson

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