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24-Carat ‘Bulgari Pink’ Diamond Sells for $14.8M
Unseen for more than seven decades, the fancy intense pink diamond was the star of Christie’s Geneva jewelry auction.
The “Bulgari Pink,” which Christie’s called one of the most important pink diamonds ever to appear at auction, sold for $14.8 million at its Geneva jewelry auction, held Tuesday.
Geneva—A 24-carat pink diamond known as the “Bulgari Pink” fetched $14.8 million at Christie’s Magnificent Jewels auction in Geneva earlier this week.
Set in a ring by Bulgari and appearing at auction for the first time, the piece was estimated to sell for between $12 million and $18 million.
Boasting a combination of a fancy intense pink color grade, an elegant emerald cut, and an impressive carat weight, it is a diamond of “exceptional rarity,” the auction house said.
The Bulgari Pink is a Type IIa diamond, meaning it has high transparency and purity.
Less than 2 percent of all gem-quality diamonds are Type IIa. The classification is associated with several historically important diamonds, including those linked to the legendary Golconda mines in India.
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Set in a ring by Bulgari and appearing at auction for the first time, the piece was estimated to sell for between $12 million and $18 million.
Boasting a combination of a fancy intense pink color grade, an elegant emerald cut, and an impressive carat weight, it is a diamond of “exceptional rarity,” the auction house said.
The Bulgari Pink is a Type IIa diamond, meaning it has high transparency and purity.
Less than 2 percent of all gem-quality diamonds are Type IIa. The classification is associated with several historically important diamonds, including those linked to the legendary Golconda mines in India.
Prior to being auctioned, the Bulgari Pink diamond had not been seen in public for more than seven decades, according to Christie’s.
The consignor’s great-grandparents bought the diamond in India in the 1950s. It later was entrusted to Bulgari, which set the diamond into a platinum ring with tapered baguettes.
“With its remarkable history, exceptional gemological qualities and unmistakable connection to Bulgari’s heritage, the Bulgari Pink Diamond stands as a testament to the maison’s passion for rare gemstones and the savoir-faire that has distinguished its creations for generations,” Bulgari said in a statement following the sale.
“This latest auction at Christie’s Geneva adds a new chapter to this extraordinary legacy, celebrating the enduring appeal of Bulgari’s creations and the timeless beauty of the world’s rarest diamonds.”
The Magnificent Jewels auction, held Tuesday, saw “strong global demand,” Christie’s Global Head of Jewellery Max Fawcett said.
Colored gemstones dominated the auction’s top lots.
A 54.76-carat octagonal-shaped, no-heat Ceylon sapphire set in an 18-karat white gold pendant/brooch and surrounded by baguette-cut and round diamonds sold for $1.9 million, while a platinum ring featuring a 23.72-carat cushion-shaped, no-heat Kashmir sapphire with baguette-cut diamond side stones garnered $1.8 million.
Full auction results are available on Christie’s website.
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