SourcingJun 25, 2026
ICA Names Brandee Dallow as CEODallow will lead the International Colored Gemstone Association, effective July 6.
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
EditorsJun 25, 2026
Out & About: How Jewelers Mutual, SCAD Are Tackling the Bench Jeweler ShortageSenior Editor Lenore Fedow headed to Savannah to learn more about the 10-year, $10 million partnership between JM and the art school.
CollectionsJun 25, 2026
Mejuri Experiments With SteelIts new capsule jewelry collection features gold-finished stainless steel pieces designed for a maximalist look without a luxury price tag.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
Events & AwardsJun 25, 2026
Watches & Wonders Announces 2027 DatesThe week-long event in Geneva is slated for April 2027.
Weekly QuizJun 25, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJun 25, 2026
Annie Doresca, Mark Smelzer, Sara Yood Join Gem Legacy BoardThe three industry leaders bring financial, communications, and legal expertise to the nonprofit’s board of directors.
ColumnistsJun 24, 2026
The Revenue Hiding Between Your Counter and Your Online CartJewelers are missing out by not offering this one key add-on at the online point of sale, Emmanuel Raheb writes.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
CollectionsJun 24, 2026
Greenwich St. Jewelers, Jewel Boxing’s Latest Drop Is On-TrendThe fourth collaborative collection from the retailer and jewelry content creator focuses on gemstone charms and strands of colorful beads.
Events & AwardsJun 24, 2026
AGTA Accepting Entries for Spectrum 2026This year’s AGTA Spectrum & Cutting Edge Awards will feature two new categories.
SourcingJun 24, 2026
Columbia Gem House To Offer Alexandrite Melee OnlineThe collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.
MajorsJun 24, 2026
CaratLane Names New Chief Sales OfficerDhaval Raja has been appointed to the role.
CollectionsJun 23, 2026
Francesca Villa Goes ‘On the Road’The capsule collection looks to vintage trunk pins that echo the spirit of speed, freedom, and the mythology of the American road trip.
SourcingJun 23, 2026
New Paraíba Tourmaline Source Reportedly Discovered in EthiopiaSSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.
MajorsJun 23, 2026
Etsy Says ‘Shop Other Jeffs’ This Prime DayAs Amazon Prime Day kicks off, Etsy is encouraging shoppers to support small businesses.
Events & AwardsJun 23, 2026
AGA Announces 2026 Scholarship WinnerCole Winward is the recipient of 2026 AGA Gemological Scholarship.
EditorsJun 22, 2026
15 Pieces of Jewelry That Brought Us Joy in Vegas Whether they evoked nostalgia, wonder, or laughter, these jewels put a smile on our faces.
Events & AwardsJun 22, 2026
Plans Announced for New Trade Show in BaselScheduled for April 2027, Basilia will be the first watch and jewelry trade show held in Basel since the collapse of Baselworld in 2020.
Events & AwardsJun 22, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
WatchesJun 22, 2026
Snoopy Inspires New ‘Flying Ace’ Ball WatchThe beloved beagle dons his aviator outfit for the new Engineer Master II Snoopy Flying Ace timepiece.
CollectionsJun 18, 2026
Michelle Obama Wears Almasika Earrings Symbolizing Feminine PowerShe wore the “Le Cauri Endiamanté” earrings, our Piece of the Week, in the Obamas’ first dual portrait for the Obama Presidential Center.
PodcastsJun 17, 2026
Episode 6: Las Vegas 2026-Trends, Traffic, Broken BathroomsCouture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.
GradingJun 17, 2026
SSEF Issues Warning on Refilled EmeraldsThe lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.
WatchesJun 17, 2026
Patek Philippe’s ‘Visionary’ Leader Philippe Stern Dies at 88 The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.
MajorsJun 17, 2026
James Avery to Revamp In-Store Retail ExperienceThe Texas-based jeweler is gradually rolling out a new experience-forward layout in its stores.
MajorsJun 17, 2026
Seahawks’ Super Bowl Ring Blends Meaningful Design, Technical CraftsmanshipThe Super Bowl LX champions were honored with diamond and blue sapphire rings by Jason of Beverly Hills.
Policies & IssuesJun 17, 2026
Community for Ethical Jewelry Names New Executive DirectorMarianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.
