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Auctions

Largest purple-pink diamond sells for record price

Sotheby’s Geneva has announced the sale of a 14.83-carat pink diamond for $26m (£19.7m), a record price for a sale of its kind at an auction.

Named the Spirit of the Rose after a 20th Century Russian ballet, it is the largest purple-pink diamond to ever appear at auction, and cut from the largest clear pink rough in Russia.

The other stones in the collection include a yellow diamond, which was sold to Graff in December, and a third currently being manufactured by Alrosa.

Prior to being sold by Sotheby’s Geneva, the Spirit of the Rose was exhibited in Hong Kong, Taipei and Geneva.

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Tobias Kormind, managing director of 77 Diamonds and auctioneer expert, said: “The buyer has made a smart investment move. 

“It’s an incredibly desirable stone and the fact it’s both Internally Flawless and Purple-Pink in colour adds to the rarity – it’s the icing on the cake.”

He added: “On the one hand, there have been quite a number of record-breaking diamond auctions in recent months, but on the other hand there remains some uncertainty around the timing and economic fallout of the pandemic.”

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