The 37.30-Carat Raj Pink Diamond: A Historical Auction Event
The 37.30-carat Raj Pink diamond is anticipated to fetch as much as $30 million at Sotheby’s Magnificent Jewels and Noble Jewels sale in Geneva on Nov. 15. This remarkable gemstone captures attention not only for its size but also for its extraordinary pink hue.
Record-Breaking Colored Diamonds at Auction
In the realm of luxury jewelry, record-breaking sales are common for extraordinary pieces. For instance:
- The Pink Star, a 59.60-carat, fancy vivid pink diamond, set a record by selling for $71.2 million in April.
- In 2015, the exceptionally fancy vivid blue diamond known as the Blue Moon captured attention by selling for $48.4 million.
- The Oppenheimer Blue, recognized as the world’s largest blue diamond, sold for $57.5 million at Christie’s Geneva on May 18, 2016, making it the highest price for a diamond ever sold at auction.
- Moreover, the Unique Pink, the largest Fancy Vivid pink pear-shaped diamond, sold for $31.6 million in May 2016, highlighting the immense value of these rare stones.
Upcoming Auctions and Anticipated Sales
A rare Fancy Vivid Blue diamond ring, valued at an estimated $25 million, is set to go up for auction on Nov. 16, 2016. This diamond, famously known as the Sky Blue diamond, adds to the allure of colored diamonds in the auction circuit.
Colored diamonds continue to captivate collectors and investors alike, leading to increased attention in the jewelry market. Consequently, their values seem to rise in tandem with demand, making them exquisite additions to any collection.
Conclusion
As the fascination with colored diamonds grows, the auction of the Raj Pink and similar gems epitomizes the luxury market’s evolution. Keeping an eye on these auctions not only reveals trends within the industry but also provides insights into the substantial investment potential of these magnificent gemstones.
