Purple-Pink Diamond Sells For $1 Million A Carat

by Deidre Woollard (RSS feed)
Dec 8th 2010 at 11:01PM

Lately it seems the world can't get enough of pink diamonds. We've seen a variety of records for pink diamond set recently, from the $46-million pink diamond sold at Sotheby's recently to Laurence Graff to the "the perfect pink" sold for over $23 million to anonymous buyer at Christie's Hong Kong over the weekend. The latest is a modified rectangular-cut fancy vivid purple-pink diamond of 6.89 carats which was sold for $6.91 million at Christie's New York Jewels auction on December 7. The cut-cornered modified rectangular-cut fancy vivid purple-pink diamond is set in a ring with a pavé-set pink diamond surround, gallery and hoop, mounted in 18k rose gold. The anonymous buyer paid about $1 million per carat. National Jeweler reports that the auction total of $22.1 million, brought Christie's New York jewelry sales total to $131 million for the year, the highest total ever for the U.S. jewelry auction market.

Tags: christies, diamond, diamonds, pink diamond

Filed under: Jewelry

Subscribe to these comments

Reader Comments (Page 1 of 1)

Alta White Teeth Whitening Review Dec 8th 2010 11:31PM

Interesting post Deidre. It seems pink diamonds are more valuable than regular diamonds on average. I had heard of "pink gold" and wondered if the same was true. It turns out that it isn't as the gold is made pink by mixing in copper making it less pure. It still looks attractive though.

Genelia Parker Dec 9th 2010 2:14AM

Great to know that people are so much crazy for color diamonds. I think color gemstone jewelry can be good replacement of color diamond jewelry here are few collective gemstone jewelry you can go through. http://www.angara.com/Sapphire-Rings.do?cID=1939

Dan Jan 11th 2011 6:05AM

I believe that fancy pink diamonds besides becoming more popular, will gain even higher prices in the near future for two reasons:
1. Larger demand
2. Rarity
True high quality pink diamonds are very rare in nature, especially the ones from the Argyle mine in Australia.