Autumn 2018

Pink Legacy goes on sale

Collectors and connoisseurs of diamonds around the world are being offered a chance to own one of the world’s most-prized pink diamonds this November.

Christie’s Geneva will present The Pink Legacy, the largest and finest Fancy Vivid Pink diamond ever offered at auction by the company on November 13 in Geneva.

Weighing just under 19 carats (18.96 carats), this exceptional rectangular-cut gem will lead Christie’s Magnificent Jewels auction, held at the Four Seasons Hotel des Bergues.

This incomparable pink diamond, has descended from the Oppenheimer Family and is estimated at $30 million to $50 million.

Rahul Kadakia, International Head of Jewellery, commented: “The discovery of this previously un-recorded and remarkable diamond will cause immense excitement with collectors and connoisseurs. The Pink Legacy will be exhibited on a global tour prior to being auctioned on November 13. Its exceptional provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds.”

The Pink Legacy has been awarded the highest diamond colour grading of ‘vivid’ by the Gemological Institute of America. Vivid coloured diamonds are the most strongly saturated gems, displaying the optimum hue of the stone. It is a classic rectangular cut diamond, a cut that is traditionally used for white stones, and weighs an extraordinary 18.96 carats when most pink diamonds of this colour weigh less than a carat. The Pink Legacy is also internally very pure which is extremely rare in pink diamonds where the colour is formed by pressure and slippage of the crystal lattice which typically causes imperfections in the stone.

In the saleroom, fancy vivid pink diamonds 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. An historic level was reached in the international diamond market in November 2017 when Christie’s Hong Kong sold ‘The Pink Promise’, an oval-shaped fancy vivid pink diamond of just under 15 carats for $32,480,500 ($2,175,519 per carat), which established and remains the world auction record price per carat for any pink diamond.

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