Rare pink diamond sells for record $46 million at Sotheby’s

Naveen Kumar / Nov 17 2010

Only yesterday, we were talking about the top 10 record-breaking auctions of the year. By the time we compiled the list, the rare 24.78-carat pink diamond was yet to be auctioned at Sotheby’s. The esteemed auction house has now set a world auction record for selling the rare and truly magnificent Fancy Intense Pink diamond of the purest, vibrant hue, weighing 24.78 carats for CHF 45,442,500 (US $46,158,674). After fierce bidding, the diamond was bought by Patti Wong, Sotheby’s Chairman in Asia, bidding on behalf of Laurence Graff. Laurence Graff has now named the diamond “The Graff Pink” and said…

sothebys pink diamond world auction record
sothebys pink diamond world auction record

It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.

David Bennett, Chairman, Europe and the Middle East, Sotheby’s International Jewellery Department, said…

Tonight’s spectacular result demonstrates that truly extraordinary objects will bring truly extraordinary prices. This outstanding pink diamond combined exceptional colour and purity with a classic emerald-cut and fully deserves the exceptional price of CHF45,442,500 /US$46,158,674. It was simply one of the most desirable diamonds I have seen during my 35-year-career at Sotheby’s.

The sale of Magnificent Jewels fetched US $105,051,728 in total. The previous record was held by a gray-blue Wittelsbach Diamond that went for $24.3 million at Christie’s in 2008.

You might also like
XMore on Bornrich

World’s most expensive scotch whisky sells for $460,000 in World’s Most Expensive Scotch Whiskey