Supplier BulletinJul 03, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
AuctionsOct 13, 2020
This 14-Carat Pink Diamond Mined in Russia Is Up for Sale
Named “The Spirit of the Rose,” the fancy vivid purple-pink diamond is expected to go for as much as $38 million at auction.
Sotheby’s is putting this 14.83-carat fancy vivid purple-pink diamond up for sale at its upcoming Magnificent Jewels auction, scheduled for Nov. 11 in Geneva.
Geneva—A nearly 15-carat fancy vivid purple-pink diamond mined in Russia a few years ago is going up for sale at Sotheby’s.
The auction house announced Monday it will offer “The Spirit of the Rose” at its Magnificent Jewels auction in Geneva next month and predicts the stone will sell for between $23 million and $38 million.
Its planned sale follows Sotheby’s auction of a 102.39-carat D flawless diamond, which sold for $15.7 million last week, underperforming when compared to similar stones sold at auction in recent years.
The 14.83-carat diamond’s highest auction estimate, $38 million, is well below the $60 million one colored diamond expert predicted it would sell for back in August 2019.
Commenting on the stone’s sale, Benoit Repellin, who is heading the Magnificent Jewels auction for Sotheby’s, said: “Pink diamonds … have captured the imagination of collectors for centuries, making up five out of the 10 most valuable diamonds ever sold at auction.
“These exceptional sales, all realized in the last decade, are a testament to the growing appreciation and awareness of the great scarcity of these natural treasures around the world. With the supply of these beautiful stones becoming ever more limited, they are likely to continue to become even more prized.”
The mine that produces the bulk of the world’s pink diamonds, Rio Tinto’s Argyle mine in Western Australia, is set to close by year’s end.
The Spirit of the Rose is an oval modified brilliant-cut diamond that is internally flawless. Sotheby’s said the stone, which was graded by the Gemological Institute of America, is the largest vivid purple-pink diamond ever to appear at auction.
Its name is a nod to “La Spectre de la Rose,” an acclaimed ballet performed by the Ballets Russes company in Monaco in 1911.
Alrosa cut the diamond from the largest chunk of pink rough ever mined in Russia, a 27.85-carat diamond unearthed in July 2017. It consigned the diamond to Sotheby’s for auction.
The Spirit of the Rose will be on exhibit prior to the auction next month, though the diamond is not coming to the United States.
Sotheby’s will show it in Hong Kong on Oct. 13 and 14, Singapore on Oct. 20 and 21 and Taipei on
Oct. 27 and 28, before it returns to Geneva.
The diamond will be on display there from Nov. 7-10, ahead of the auction, which is set for Nov. 11.
The Spirit of the Rose was one in a trio of exceptional natural color diamonds mined and cut by Alrosa. It dubbed the collection “The Spectacle.”
Another stone in The Spectacle, a 20.69-carat yellow diamond, was sold to Graff.
No details have yet been released on the third stone.
The diamond will be on display there from Nov. 7-10, ahead of the auction, which is set for Nov. 11.
The Spirit of the Rose was one in a trio of exceptional natural color diamonds mined and cut by Alrosa. It dubbed the collection “The Spectacle.”
Another stone in The Spectacle, a 20.69-carat yellow diamond, was sold to Graff.
No details have yet been released on the third stone.
More on Auctions
The Latest
MajorsJul 03, 2025
Brilliant Earth Names Tennis Star Madison Keys as Its New AmbassadorThe 2025 Australian Open champion is the jewelry brand’s first athlete ambassador.
MajorsJul 03, 2025
Muse Sets Up Shop in Nordstrom’s New Jewelry HallThe West Village jewelry boutique’s new shop-in-shop is the cornerstone of Nordstrom’s revamped jewelry hall.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
SourcingJul 03, 2025
SRK Announces Its Natural Diamonds Are Now Carbon-NegativeThis past year, the manufacturer said it recorded below-zero emissions per carat of natural diamond.
Weekly QuizJul 02, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJul 03, 2025
Piece of the Week: A Firework of Diamonds From YepremThe brand’s “Golden Strada” statement necklace features round, marquise, and pear diamonds that sparkle like Fourth of July fireworks.
CrimeJul 03, 2025
JSA Shares Holiday Weekend Security Tips Amid Spike in BurglariesJSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.
Brought to you by
Jewelers of America is Headed to Las Vegas for JCK 2025The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.
MajorsJul 02, 2025
Boucheron Looks to LA for First West Coast FlagshipLocated on Rodeo Drive, the store’s design was inspired by Hollywood and Los Angeles culture.
MajorsJul 02, 2025
Marco Bicego Opens Milan FlagshipThe new location continues the brand’s celebration of its 25th anniversary.
WatchesJul 02, 2025
Chrono24 Revamps Brand, Launches New CampaignThe online watch marketplace’s “Time Is Our Thing” campaign highlights the importance of time.
SourcingJul 02, 2025
Bernadette Mack Joins Gem Legacy as Executive DirectorShe will oversee strategic planning, fundraising, industry partnerships, and the launch of the Gem Legacy Campus in Tanzania.
CrimeJul 02, 2025
Pandora, Amazon Partner to Uncover Counterfeit Jewelry NetworkWorking with Amazon’s Counterfeit Crimes Unit and law enforcement, Pandora helped to shut down a large-scale counterfeit network in China.
MajorsJul 01, 2025
Cast Closes Business, Plans for RelaunchThe jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.
Events & AwardsJul 01, 2025
William Goldberg Diamonds, FIT Partner for Apprenticeship ProgramThe company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.
IndependentsJul 01, 2025
Elie Hannoush, Founder of Hannoush Jewelers, Dies at 73He is remembered for his successful entrepreneurship, generosity, and dedication to his family.
MajorsJul 01, 2025
Claire’s Is Looking for a Buyer, Report SaysThe jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.
TrendsJul 01, 2025
Amanda’s Style File: Red Hot RubiesWelcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.
CollectionsJun 30, 2025
State Property’s New Jewelry Tells ‘The Story of Everything’Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.
ColumnistsJun 30, 2025
The Smart Lab: Why Q3 Is the Secret Weapon For Holiday Jewelry SalesThe best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.
Events & AwardsJun 30, 2025
AGA Names Recipient of 2025 Gemological Education ScholarshipThis year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.
IndependentsJun 30, 2025
Melanie Grant’s New Book Explores 200 Years of Jewelry“The Jewelry Book” comes out this September.
TechnologyJun 27, 2025
Gemist Raises $6M in Funding to Scale Jewelry Tech PlatformThe company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.
IndependentsJun 27, 2025
David Webb Announces New Hires, PromotionsFollowing its recent acquisition, the storied brand has updated its leadership team and regional managers.
Events & AwardsJun 27, 2025
AGS, GIA Announce Beatrice Shipley Scholarship Winner AGS also named the recipient of its “Women in Leadership” scholarship.
CollectionsJun 27, 2025
Piece of the Week: Buddha Mama’s ‘Monstera’ Wrap RingThe 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.
MajorsJun 26, 2025
Why Rocksbox Is Opening Stores As Signet Jewelers DownsizesRocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.
