Christie’s expects Pink diamond to fetch $28 million

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 Christie’s expects Pink diamond to fetch $28 millionIn a sort of record, the renowned auction house Christie’s expects Pink diamond, which is 16.08-carat and set as a ring, to fetch around $28 million when it goes under the hammer at Geneva on 10th November, 2015.
The Pink diamond is classified as a Type IIa and comes under fancy stone guidelines of Gemological Institute of America. In fact, in the last 250 years only three vivid pink diamonds of over 10 carats have been up for sale.
Pink diamond is surrounded by two rows of white diamonds, with another row of pink diamonds below. The band of the ring, meanwhile, is made up of more white diamonds set in platinum.
Christie’s plans to take the fancy Pink diamond on an international tour to display it at its locations in Hong Kong, New York and London. It is only after this happens that the precious stone will go under the hammer at Geneva.
It may be recalled that the world record for the sale of a diamond at auction is currently held by a 24.78-carat pink diamond, known as the Graff Pink, which sold in Geneva in November 2010 for just over $46 million.



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