AuctionsMar 21, 2023
Marlene Dietrich’s Van Cleef & Arpels Bracelet Going Up for AuctionAuctionsMar 29, 2023
10.57-Carat Purplish Pink Diamond Expected to Sell for $35M+
Sotheby’s will auction the diamond, which it says is “arguably the most significant pink diamond to ever appear at auction,” in June.
Sotheby’s said “The Eternal Pink” is “the most vivid pink diamond to ever come to market.” The 10.57-carat IF, fancy vivid purplish pink diamond is the highlight of Sotheby’s June 8 jewelry auction.
New York—It’s said that diamonds are forever, and it appears at least one is “Eternal.”
Today, Sotheby’s announced the auction of a 10.57-carat internally flawless, fancy vivid purplish pink diamond known as “The Eternal Pink” and described as, “arguably the most significant pink diamond to ever appear at auction.”
The diamond will headline Sotheby’s June 8 jewelry auction in New York and is projected to sell for at least $35 million, or $3.3 million per carat, the highest price-per-carat estimate placed on a diamond or gemstone offered at auction, the auction house said.
It said the diamond will challenge the price-per-carat record for a diamond or gemstone currently held by the 11.15-carat “Williamson Pink Star” (sold for $57.7 million/$5.2 million per carat), noting that $35 million/$3.3 million per carat is the diamond’s low estimate.
“This color is the most beautiful and concentrated shade of pink in diamonds I have ever seen or has ever come to market,” said Quig Bruning, head of Sotheby’s Jewelry Americas. “The Eternal Pink’s immense presence and great rarity make it comparable to ultimate masterpieces of art—far rarer than a Magritte or a Warhol.”
Related stories will be right here …
Today, Sotheby’s announced the auction of a 10.57-carat internally flawless, fancy vivid purplish pink diamond known as “The Eternal Pink” and described as, “arguably the most significant pink diamond to ever appear at auction.”
The diamond will headline Sotheby’s June 8 jewelry auction in New York and is projected to sell for at least $35 million, or $3.3 million per carat, the highest price-per-carat estimate placed on a diamond or gemstone offered at auction, the auction house said.
It said the diamond will challenge the price-per-carat record for a diamond or gemstone currently held by the 11.15-carat “Williamson Pink Star” (sold for $57.7 million/$5.2 million per carat), noting that $35 million/$3.3 million per carat is the diamond’s low estimate.
“This color is the most beautiful and concentrated shade of pink in diamonds I have ever seen or has ever come to market,” said Quig Bruning, head of Sotheby’s Jewelry Americas. “The Eternal Pink’s immense presence and great rarity make it comparable to ultimate masterpieces of art—far rarer than a Magritte or a Warhol.”
Debswana, the joint venture between De Beers Group and the government of Botswana, mined the 23.78-carat rough diamond that became The Eternal Pink at its Damtshaa mine in 2019. (Damtshaa currently is on care and maintenance, meaning it is not producing.)
Diacore, which has cut some of the world’s most valuable diamonds, including the rough that became the Williamson Pink Star, took six months to transform the nearly 24-carat pink rough into a cushion-shaped, internally flawless diamond.
The Eternal Pink in a setting. Debswana mined the diamond in Botswana and fancy diamond specialists Diacore cut the rough over a six-month period.
The Eternal Pink’s appearance at auction this June follows an interesting end of 2022 for natural colored diamonds at auction.
While the Williamson Pink Star exceeded expectations and set a new price-per-carat record when Sotheby’s Hong Kong sold it in October 2022, the final sale price for the “Fortune Pink,” an 18.18-carat fancy vivid pink, was at the low end of its estimated range the following month at Christie’s Geneva.
In December, Christie’s had to pull another fancy vivid pink diamond from auction, this one weighing 13.15 carats. News reports later emerged that the auction house had withdrawn the diamond from its jewelry auction because it allegedly was stolen.
In addition, three blue diamonds from an eight-stone collection titled “The De Beers Exceptional Blue Collection” didn’t sell when Sotheby’s put them up for auction.
A 5.53-carat fancy vivid blue failed to find a buyer at Sotheby’s Geneva in November, and nobody bought the 3.24-carat fancy vivid blue or the 2.08-carat fancy intense blue offered at Sotheby’s New York the following month.
Sotheby’s is slated to publicly unveil The Eternal Pink Saturday in Hong Kong, coinciding with the auction house’s celebrations around its 50th anniversary in Asia.
Following its debut, the stone will make stops in Dubai, Singapore, Shanghai, Taiwan and Geneva (exact dates to come).
The Eternal Pink eventually will come to New York, where it will anchor Sotheby’s “Magnificent Jewels” auction on June 8.
More on Auctions
The Latest
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry CatalogSponsored by Tasha R
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund RequestsA federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ CollectionCynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San FranciscoThe new space was designed to evoke a warm, inviting vibe.
Weekly QuizNov 14, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax FraudThe auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability FocusThe four finalists will present their pieces at the 2025 JCK Las Vegas show.
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New CollectionThe “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation EffortsThe money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship ApplicationsThe event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry StoreLocal reports identified the woman as the wife of the jewelry store owner.
MajorsNov 19, 2024
Trove Opens First US Flagship in NYCThe Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s RebrandHampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry WeekThe group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra ScottThe collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition ReturnsThis year’s theme asks designers to take inspiration from classic fairy tales.
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
AuctionsNov 14, 2024
18th-Century Diamond Necklace Sells for Nearly $5M Sotheby’s sold the necklace, which potentially has ties to Marie-Antoinette, for $4.8 million to a woman bidding via phone.
MajorsNov 14, 2024
Saks Fifth Avenue Cancels Holiday Light DisplayInstead of its usual elaborate display, the store will illuminate its façade and frame the windows to highlight its flagship’s architecture.
WatchesNov 14, 2024
Grand Seiko Partners With Ben Bridge on First Hawaii Store The new Grand Seiko boutique is located in Honolulu’s Waikiki neighborhood.
SourcingNov 13, 2024
Gem Legacy Adventures Announces 2025 Trip Eleven spots are available for travelers to visit Northern Tanzania and Southern Kenya from July 25 to Aug. 4.
