Connect with us

Headlines

‘Pink Legacy’ Diamond Sells for $50M, Setting Per-Carat Price Record

It was sold by Christie’s in Geneva.

mm

Published

on

The diamond was immediately renamed The Winston Pink Legacy by its new owner.

The Pink Legacy, an 18.96-carat fancy vivid pink diamond, sold for $50.4 million in the Magnificent Jewels auction on Nov. 13 at Christie’s in Geneva.

It was promptly renamed The Winston Pink Legacy by its new owner, Harry Winston.

“The saturation, the intensity of this stone is as good as it gets in a colored diamond,” said Rahul Kadakia, international head of jewelry for Christie’s. “To find a diamond of this size with this color is pretty much unreal. You may see this color in a pink diamond of less than one carat. But this is almost 19 carats and it’s as pink as can be. It’s unbelievable.”

While most pink diamonds exhibit a colorr modifier like purple, orange, brown or gray, the Pink Legacy shows no trace of a secondary color, according to a Christie’s press release. Its even color distribution, combined with a balanced saturation, tone and straight pink hue, qualify the 18.96 carat diamond for the “fancy vivid” color grading from the Gemological Institute of America.

Only one in 100,000 diamonds possess a color deep enough to qualify as “fancy vivid,” and the Winston Legacy set a record price per carat for a pink diamond, according to the release.

In the fancy vivid pink range, diamonds of more than five or six carats are rarely encountered. In fact, fewer than 10 per cent of pink diamonds weigh more than one-fifth of a carat. In the saleroom, fancy vivid pink diamonds over 10 carats are virtually unheard of — in over 250 years of auction history at Christie’s, only four such stones have ever appeared for sale.

Advertisement

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular