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'Vivid pink' Diamond auctioned for $10.8 million
Vivid pink, a rare 5 carat pink diamond was auctioned for a whooping $10.8 million on Tuesday, December 1, 2009 in Hong Kong.
Vivid Pink, a rare 5 carat pink diamond was auctioned for a whooping $10.8 million on Tuesday, December 1, 2009 in Hong Kong.
The diamond of a vivid pink hue and considered almost perfect, but not flawless, had a brisk bidding in Christie’s autumn sales of the Asian and Chinese art in Hong Kong.
The bid broke the previous record of 15 years back, where a 19.66 carat stone was sold for $7.4 million in Geneva. Christie said that The Vivid Pink Diamond’s price of $2.2 million per carat was the highest for any diamond at an auction.
Francois Curiel, Christie’s Europe Chairman said that till date no stone has ever been sold for $2 million a carat. He said that they were used to a million dollars for a carat for colored diamonds but never $2 million. He added that he strongly believes that this record was there to stay for quite some time.
The stone set in a so called cushion cut ring by famed jewellers Graff Diamonds was just one fourth size of the Geneva stone but the stone’s vivid pink color is considered near perfect. Curiel said that the fabulous pink diamond was one of the rarest stones he had ever seen.
Christie said that the diamond which isn’t flawless with minor blemishes can be made perfect by minor polishing.
Christie has a track record of putting up rare polished stones up for sale in Asia. Last year Christie sold a squash ball sized 101.27 carat diamond for $6.2 in Hong Kong just before the financial crisis

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