STOCK MARKET BSE NSE

World's largest vivid pink diamond from Russia to be auctioned on November 11

The 14.83-carat diamond, named "The Spirit of the Rose," is the largest vivid purple-pink diamond ever offered at auction.

Published: 13th October 2020 11:13 AM  |   Last Updated: 13th October 2020 11:13 AM   |  A+A-

Pink diamond

For representational purpose (Photo | AP)

By ANI

MOSCOW: One of the world's largest fancy vivid purple-pink and internally flawless diamonds from Russia will be sold at Sotheby's Geneva Magnificent Jewels and Noble Jewels auction on November 11, media reported on Monday.

The 14.83-carat diamond, named "The Spirit of the Rose," is the largest vivid purple-pink diamond ever offered at auction and it is estimated to be worth USD 23-38 million, according to Forbes.

The Gemological Institute of America graded the diamond with the highest color and clarity and classified it as a Type IIa diamond, which is the purest of all diamond crystals. This classification is usually attributed to less than 2 per cent of all gem-quality diamonds.

"This sale is the result of a long time relationship between Alrosa and Sotheby's, several months of discussion about this masterpiece and the best way to offer it for sale," Benoit Repellin, director, specialist and head of Magnificent Jewels sales for Sotheby's Jewellery Department, said, as quoted by the media outlet.

This oval-shaped gem was created from a 27.85-carat clear pink rough diamond discovered in Russia's northeastern Sakha Republic in a mine owned by Russian mining giant Alrosa, the publication said. The diamond was named after the Russian ballet "The Spirit of the Rose," staged and produced by Sergei Diaghilev and premiered on April 19, 1911.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp