Rare pink diamond may fetch $28 mn at Geneva auction

An exceptionally rare cushion-shaped ‘fancy’ vivid pink diamond - the  largest ever of its kind to go to auction - is expected to fetch up to a whopping $28 million.

The 16.08-carat diamond is set as a ring and will go under the hammer in Geneva on November 10 at Christie’s auction house, which estimates the gem to sell for around $23-28 million.

In almost 250 years of auction history, only three pure vivid pink diamonds of over ten carats have appeared for sale, Christie’s said.

The pink diamond set in a ring is surrounded by a double row of pave white diamonds, highlighting the main stone, with a third row of small pink diamonds underneath.

In the realm of natural coloured diamonds, those of a <g data-gr-id="14">distinct</g> pink hue are the most sought after among gem connoisseurs regularly achieving record auction prices.