The gems of the jewellery auction

Between $30-50m is the expected price the Pink Legacy diamond is expected to fetch at the Magnificent Jewels auction on 13 November at Christie's in Geneva "The saturation, the intensity of this stone is as good as it gets in a coloured diamond," says Rahul Kadakia, international head of jewellery at Christie's In the saleroom fancy vivid pink diamonds of over 10 carats are virtually unheard of and only four vivid pink diamonds of over 10 carats have ever been offered for sale at auction.

"The most expensive jewel ever sold in Asia at the time, the Perfect Pink, was a 14.23-carat diamond, sold for over $23m to an anonymous buyer after an intense bidding war The pink diamond was expected to fetch between $14 million and $19 million Of the diamond, Curiel says:"The Perfect Pink is a 14ct pink diamond - not just pink but real pink - as sometimes it is pink for the seller and brown for the buyer, but there is no controversy for this, as it is was pink as they come and was extremely clean with only a tiny tiny imperfection.

Billed by the auction house as the "Perfect diamond," the price paid set a world auction record for a colorless diamond "Hope's collection of precious gems, diamonds and natural pearls was one of the finest ever assembled Hope also owned the 'Hope Diamond', a 4552ct Fancy Deep Blue diamond, believed to have belonged to Louis XIV of France and now in the National Museum of Natural History in Washington DC".

Barber says: "At the time the blue diamond was sold in 2013, fewer than 30 fancy blue diamonds, weighing over 5cts in weight, had appeared at auction in the previous 10 years, giving a good indication just how rare exceptional and large coloured diamonds are The diamond had a high degree of transparency and 'liquid fire' and had a beautiful flat antique cut that suggested it might have been from an old Indian mine, perhaps even the legendary Golconda mines that are known to have yielded the world's most famous historic blue diamonds." . Source