This giant pink diamond could sell for $30 million at auction

Mae Love
November 15, 2017

The largest diamond ever offered at auction went under the hammer in Geneva Tuesday evening for almost $34 million, a world record for a gem of its kind, the Christie's auction house said.

This stone discovered a year ago in Angola is so pure and so large that even Christie's jewellery director David Warren can't contain his enthusiasm.

The colourless diamond was taken from a 404-carat stone found in Angola. The auction house estimates the diamond will sell for $20 million to $30 million. The item is expected to fetch at least $30m (£23m) at auction.

The left side of the necklace is made up of 18 emerald-cut diamonds and the right side composed of two rows of pear-shaped emeralds.

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Previously, Christie's set an auction record in May 2016 with the sale of a 14.62-carat diamond known as the "Oppenheimer Blue" for $50.6m (£34.7m).

The white, matchbox-size "Creation 1" diamond from Swiss jeweler de Grisogono weighs a whopping 163 carats.

Also on the block was "Le Grand Mazarin", a 19-carat pink diamond that once belonged to King Louis XIV, Napoleon Bonaparte and other French rulers.

Tuesday's sale marked the first time the diamond appeared at auction in 130 years.

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