Auctions

Rare pink diamond sells for record £19m

Auction house Christie’s has sold the largest vivid pink diamond to be offered at auction for a record 28.7m Swiss francs (£19m).

The cushion-shaped vivid pink diamond, which was sold yesterday (10 November) at Christie’s Magnificent Jewels auction in Geneva, set a new record for any vivid pink diamond at 16.08 carats.

The stone – set in a ring with a double row of pavé-set white diamonds which surround the stone, with a third row of small pink diamonds underneath – was purchased by a private Asian buyer, who named it ‘The Sweet Josephine’ after the sale.

Rahul Kadakia, international head of Christie’s jewellery department, said: “We have had a very busy few days here in Geneva as clients have come from all over the world.

“Selling the largest vivid pink cushion-shaped diamond to come to auction is a privilege and to sell it for a new world auction record price is a strong indication that there is still demand from clients from the end of the market for these truly precious stones.”

In total the auction sold 80% of its lot and fetched 110.3m Swiss francs (£72.3m).

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