At US Auction Pink Diamond Sells for Nearly $40 Million

by Rukmani Krishna on  April 18, 2013 at 11:47 PM Lifestyle News
RSS Email Print This Page Comment bookmark
Font : A-A+

A new record for Christie's auction house was set by the sale of a 34.64-carat pink diamond has sold at auction in New York for nearly $40 million.
 At US Auction Pink Diamond Sells for Nearly $40 Million
At US Auction Pink Diamond Sells for Nearly $40 Million

Dubbed the "Princie Diamond," the gem is "one of the largest and finest pink diamonds in the world," with a "fabulous provenance," Christie's jewellery chief Francois Curiel said ahead of the sale.

An anonymous telephone bidder paid $39,323,750, or more than $1 million per carat, for the stone from ancient diamond mines in southern India, the auction house said in a statement Tuesday.

The pink gem was once owned by the royal family of Hyderabad and, since 1960, by the London branch of Van Cleef & Arpels.

The exclusive jewellery firm originally paid 46,000 pounds for it, equivalent to $1.3 million today, Christie's said, indicating a hefty profit after Tuesday's sale.

All told, bidders paid more than $80 million for the jewels at the New York auction, including just under $4.5 million for a 30.32 carat rectangular cut D color diamond and $3.3 million for a Harry Winston diamond ring.

Previously, the most paid at Christie's for a diamond was $24.3 million, for the 31-carat Wittelsbach diamond in 2008.

Source: AFP

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Stay Connected

  • Available on the Android Market
  • Available on the App Store

News Category

News Archive

Loading...