World's Largest Pink Diamond Has Auctioned for $26.6 Million USD

World's Largest Pink Diamond Has Auctioned for $26.6 Million USD

November 15, 2020

The largest purple-pink diamond ever auctioned has recently sold for a whopping $26.6 million USD in Switzerland. Dubbed “The Spirit of the Rose,” it’s an extremely rare Russian diamond that’s 14.8 carats — 99 percent of pink diamonds are under 10 carats.

It’s the size and flawless internal structure of the jewel that commanded such a price. Sotheby’s auctioned it in Geneva as one of three in a collection by Russian mining company Alrosa. The oval-shaped stone was cut from “Nijinsky,” a 27.85-carat rough diamond discovered back in 2017 from the Ebelyakh mine in northeast Russia — named after the Russian-Polish ballet dancer Vaslav Nijinsky. While $26.6 million USD seems like a hefty price, the current record for the most expensive diamond ever sold is held by CTF Pink Star, which sold a 59-carat diamond for $71 million USD at Sotheby’s in Hong Kong in 2017. The name of the new owner of “The Spirit of the Rose” remains undisclosed to the public.

In other news, Louis Vuitton has acquired an immense 549-carat diamond named “Sethunya.”
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