Pink diamond sells for R400m at Swiss auction

A SPECTACULAR pink diamond, the largest of its kind to ever appear at auction, sold for $28.5-million (R403.9-million), narrowly beating auction house Christie’s projection.

An unidentified bidder snatched up the rare 16.08-carat gemstone in Geneva on Tuesday, kicking off a week of auctions that could see another coloured diamond set a new world record.

The pink diamond, owned by an American family for the past 15 years, is the largest cushion-shaped stone classified in the elite “fancy vivid” category ever to come to auction.

Christie’s had listed the projected sale price between $23-million (R325.9-million) and $28-million.

“This is an absolutely top price for a stone of this quality,” the head of Christie’s luxury division, Francois Coriel, said after the final hammer of the night fell.

Christie’s international jewellery head Rahul Kadakia had previously said the stone had the potential to fetch more than $30-million (R425.1-million).



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