The 38 million dollar, very rare vivid purple-pink diamond mined in Russia went for auction on Nov.11, the auction house Sotheby’s said on Monday.
The oval gem, which is named after a Russian ballet ‘The Spirit of the Rose’, is the largest of its kind to be offered at auction. The trend for coloured stones has increased as an asset class by the super rich in recent years.
The diamond was mined by Russian diamond producer Alrosa. Furthermore, the 14.83-carat diamond was cut from the largest pink crystal ever found in Russia, Sotheby’s said. Pink diamonds are both rare and aesthetically hi prized by buyers, experts say.
The gem is being shown in Hong Kong, Singapore and also in Taipei before being auctioned in Geneva on Nov. 11.