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A Sotheby’s employee with the rare diamond

'Extremely rare' pink diamond set for auction

GENEVA, April 17, 2015

Sotheby's auction house has said it will auction off an extremely rare and historically important pink diamond and an equally exceptional Burmese ruby next month, hoping to get up to $18 million for each.

The Historic Pink Diamond, believed to have once belonged to Napoleon's niece, and the deep red Sunrise Ruby figure among a wide range of pieces for sale at Sotheby's spring Magnificent Jewels and Nobel Jewels auction in Geneva on May 12, said a report in the Gulf Daily News (GDN), our sister publication.

The fancy vivid pink diamond, weighing 8.72 carats, is 'extremely rare', the auction house said, pointing to its classic non-modified cushion cut, which is highly sought after but unusual in pink diamonds.

The stone, which is mounted on a ring and sparkles with 'clarity and mesmerising colour', is believed to have been part of the collection of Princess Mathilde, niece of French Emperor Napoleon I, according to the Gemological Institute of America. Sotheby's hopes to rake in $14-18m for the rock.

As for the 25.59-carat Sunrise Ruby, part of a collection of Cartier jewellery available at the auction, GIA described it as 'a unique treasure of nature'.

“In over 40 years, I cannot recall ever having seen another Burmese ruby of this exceptional size possessing such outstanding colour,” David Bennett, head of Sotheby's international jewellery division, said in a statement.

The 'extremely rare' ruby 'is breathtaking in its extraordinary size and outstanding depth of colour,' Sotheby's said. - TradeArabia News Service




Tags: diamond | Auction | rare | Ruby | pink | Sotheby's |

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