Is This Pink Diamond Ring Worth Your $38 Million Dollars?

38 million dollar pink diamondOne of the world’s most desirable diamonds are up for sale… the Auction House Sotheby’s said that a rare pink diamond will be up for purchase in Geneva next month. The estimated value? $38 million dollars. Amazing I know…Why is this diamond so unbelievably expensive? What makes it so special?

One of the world’s most desirable diamonds are up for sale… the Auction House Sotheby’s said that a rare pink diamond will be up for purchase in Geneva next month. The estimated value? $38 million dollars. Amazing I know…Why is this diamond so unbelievably expensive? What makes it so special?

For starters, the pink diamond is 24.78 carats, it is already mounted and comes from a private collection, the stone has been rated with a type that accounts for only two percent of diamonds. It was last seen on the market over 60 years ago and was sold by the famous jeweler Harry Winston.

David Bennett, the chairman for Europe and Middle East at Sotheby speaking with AFP says:

“During my 35-year career at Sotheby’s I have had the opportunity to examine many magnificent and rare gemstones and, put simply, this stone is one of the most desirable diamonds I have ever seen.”

He continues by sharing what just makes this pink diamond so spectacular…

“What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut — a style of cutting normally associated with white diamonds.”

So is this ring worth all those pretty pennies? We indeed agree, although it might be just slightly out of our price range…in case its in yours, the ring goes for sale November 16th.

AFP

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