Rare ‘Fortune Pink’ diamond to go under the hammer in Geneva

Rare ‘Fortune Pink’ diamond to go under the hammer in Geneva

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Rare ‘Fortune Pink’ diamond to go under the hammer in Geneva

The Fortune Pink, an exceptionally rare giant gemstone, will be auctioned in November in Geneva, Switzerland, where it is expected to go for up to $35 million, auctioneers said on Monday.

At over 18 carats, the vividly colored gem is the largest pear-shaped pink diamond of its quality ever to be offered for sale at auction, the Christie’s auction house said.

The diamond, which goes under the hammer for the first time on November 8, has been estimated at between $25 million and $35 million.

The sparkling pink tear-drop-formed stone, which has been mounted on a ring flanked by a large white diamond on either side, weighs exactly 18.18 carats.

Christie’s highlighted that this was considered a lucky number in Asia, where it signifies “definite prosperity,” saying it expected the diamond to “garner interest from collectors across the globe.”

“Weighing in at an auspicious 18.18 carats… the weight in fact brings luck to the new owner,” said Angela Berden, Christie’s senior jewelry specialist. “It’s a beautiful stone, it’s extremely rare to find a pink diamond, vivid pink diamond, of this size.

“The color saturation of this stone is… so difficult to find in nature, and then when you find a crystal… with that weight, with that color, and a very good clarity, that’s just really rare.”

While the Fortune Pink is the largest vivid pink pear-shaped diamond to go to auction, larger cushion-shaped pink diamonds have previously gone under the hammer.

In 2018, Christie’s sold the 18.96-carat Winston Pink Legacy, which raked in over $50 million – the highest per-carat price ever paid for a stone of its kind. 

The giant Raj Pink diamond, weighing a full 37.3 carats, meanwhile, failed to sell at a Sotheby’s auction a year earlier, where it had been estimated at up to $30 million.