Rare 18.96-Carat Pink Diamond Shatters Auction Records

After a brief five minutes of bidding, Christie's has sold an 18.96-carat Pink Legacy diamond for a record-breaking $50 million-that's nearly $3 million per carat, the highest per carat price ever paid for any pink diamond "You have to acknowledge first that the Pink Legacy diamond was a very special diamond," noted Christie's international head of jewelry, Rahul Kadakia, in a post-sale statement "You have to acknowledge first that the Pink Legacy diamond was a very special diamond," -Christie's international head of jewelry, Rahul Kadakia.

"The discovery of this previously unrecorded and remarkable diamond caused immense excitement with collectors and connoisseurs of diamonds around the world Its exceptional provenance will no doubt propel it into a class of its own as one of the world's greatest diamonds." The Gemological Institute of America awarded the Pink Legacy the highest diamond color grading of "Vivid"-vivid colored diamonds have the most strongly saturated hues Looking back to 2017, Sotheby's sold the 59-carat Pink Star diamond for $721 million, the highest price ever paid for a diamond or jewel at auction.

Months later, Sotheby's dropped the hammer for a 33.63-carat fancy light pink diamond for around $12.8 million, setting a new world record for a fancy light pink diamond sold at auction-it calculated out to about $2.6 million per carat Last November, Christie's sold a 14.93-carat Fancy Vivid VVS1 pink diamond for $31,861,000, or approximately $2.13 million per carat. . Source