At $50 million, pink 'Legacy' diamond shines brightest in Christie's sale

Mae Love
November 14, 2018

Once owned by the Oppenheimer family, who formerly ran the De Beers mining company, the diamond was referred to as "one of the world's greatest diamonds" by Christie's worldwide head of jewellery, Rahul Kadakia.

Pink Legacy, weighing in at just under 19 carats, was bought by U.S. brand Harry Winston at auction in Geneva.

Christie's has sold the "Pink Legacy" diamond at auction for more than $65 million including fees, saying it's a new world record price per carat for a pink diamond.

Christie's global head of jewelry, Rahul Kadakia, described The Pink Legacy as "one of the world's greatest diamonds".

The diamond is an even rarer find due to its size, as Fancy Vivid Pink diamonds over 10 carats are "virtually unheard of", according to Christie's.

In November of a year ago, the Pink Promise diamond, at nearly 15 carats, sold for $32.5 million at Christie's in Hong Kong.

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"Portrait of an Artist (Pool with Two Figures)" is set to be sold at the Christie's Post-War and Contemporary Art Evening Sale at New York's Rockefeller Center on November 15 for an estimated price of $80 million.

"We've recently witnessed a meteoric rise in the number of the world's ultra-high net worth individuals who view rare, natural fancy colour diamonds as investments", Le Vian said in a statement.

"Imagine a domino that you have cut the corners off of", Jean-Marc Lunel, an global jewelry specialist at Christie's, recently told AFP.

Fancy Vivid Pink diamonds over 10 carats are extremely rare.

In April 2017, a 60-carat diamond called the Pink Star was sold at Sotheby's auction house in Hong Kong for $71.2 million, becoming the most expensive and largest ever polished diamond ever sold at auction.

"It is probably the most attractive (specimen) ever presented at public auction", Mr Lunel said.

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