GENEVA – A rare pink diamond goes on auction next week – and Sotheby’s says the gem could set a new world record if it sells for its estimated price of $27 million to $38 million.
The 24.78-carat gem, described as “fancy intense pink,” would top the previous record set by rival auctioneers Christie’s when they sold the blue 35.56-carat Wittelsbach-Graff diamond for $24.3 million in 2008.
“This is undoubtedly one of the most important diamonds to appear at auction in recent years,” David Bennett, the head of Sotheby’s jewelry division, told reporters in Geneva, where the auction will be held.
Diamond experts said Sotheby’s price estimate was ambitious.
Sotheby’s has declined to identify the current owner of the pink diamond.