The First Art Newspaper on the Net   Established in 1996 United States Sunday, May 26, 2019

'Incomparable' pink diamond smashes record at Geneva auction
The Pink Legacy, a 18.96 carat fancy vivid pink diamond once owned by the Oppenheimer family, is seen after its sale at Christie's auction house on November 13, 2018, in Geneva, Switzerland. An exceptionally rare 19-carat pink diamond has fetched USD 50 million (44 million euros) in Geneva on November 13, 2018, setting a new price-per-carat record for a stone of its kind, auction house Christie's said. Fabrice COFFRINI / AFP.

GENEVA (AFP).- An exceptionally rare 19-carat pink diamond fetched $50 million (44 million euros) at auction in Geneva Tuesday, Christie's said, setting a new per carat record for a stone of its kind.

The Pink Legacy, which once belonged to the Oppenheimer family which for decades ran the De Beers diamond mining company, was snapped up by American luxury brand Harry Winston, part of the Swiss Swatch group.

"$2.6 million per carat. That is a world record per carat for a pink diamond," said Francois Curiel, head of Christie's in Europe.

"This stone is for me the Leonardo da Vinci of diamonds," he added.

The stone was immediately rechristened the "Winston Pink Legacy" by its buyers.

Christie's international head of jewellery, Rahul Kadakia, described The Pink Legacy as "one of the world's greatest diamonds".

The rectangular-cut diamond has been graded "fancy vivid" -- the highest possible grade of colour intensity.

The stone was discovered in a South African mine around a century ago and was probably cut in the 1920s and has not been altered since, Christie's said.

1920s gem
"Imagine a domino that you have cut the corners off of," Jean-Marc Lunel, an international jewellery specialist at Christie's, recently told AFP.

He pointed out that the cut is a "classical so-called emerald cut", which stands out from the typical, more rounded, multi-facetted cuts used today.

The classic rectangular cut is traditionally used for white stones, but is rare for pink diamonds.

Christie's said the Pink Legacy is "the largest and finest Fancy Vivid Pink diamond ever offered at auction by the company," calling the stone "incomparable."

"It is probably the most beautiful (specimen) ever presented at public auction," Lunel said.

Christie's, which had refused to reveal the name of the seller, said only four vivid pink diamonds or over 10 carats have ever been offered at auction.

One of them, the nearly 15-carat Pink Promise, was sold last November at a Christie's auction in Hong Kong for $32.5 million. That amounts to $2.176 million per carat, which was previously the world auction record price per carat for any pink diamond.

© Agence France-Presse

Today's News

November 14, 2018

Hopper, de Kooning, Gorky and Stella hit new auction records in New York

'Incomparable' pink diamond smashes record at Geneva auction

China Guardian Autumn Auctions 2018: Celebrating 25 years of art auction

Sotheby's sells the most expensive watch at auction in 2018 - The Asprey fetches $3.9m in Geneva

The Frost Art Museum FIU awards 2018 Benefactor Impact Award to Michael Spring

Christie's Paris announces sale of Asian Art including the prestigious collection of Lionel Fournier

Musée d'Orsay and Musée de l'Orangerie present first immersive experience in VR

El Museo's Chair Emeritus, Tony Bechara gifts the museum $1 million dollars

Schomburg Center for Research in Black Culture acquires Ossie Davis and Ruby Dee archive

Mary Ceruti named next Executive Director of the Walker Art Center

Charles Gaines presents eight new works from his ongoing series Numbers and Trees at Max Hetzler

Rare calligraphy sells over ten times its pre-sale estimate at Chiswick Auctions

Christie's to offer Russian literary first editions and manuscripts

Online exhibition celebrates 40 years of the Cotswolds Art and Antique Dealers' Association

Panerai and Sotheby's offer three unique prototypes in an exclusive online auction

Sotheby's Hong Kong Chinese Art Sales to take place on 29-30 November

Stan Lee's legacy: ubiquity of superheroes in pop culture

Survey exhibition devoted to American artist Martha Rosler showcases five decades of her work

Marvel: the multi-billion-dollar empire Stan Lee brought to life

2018 Shpilman Prize awarded to New York based artist Alison Rossiter

A holy grail of Glenn Gould manuscripts offered at Bonhams Books and Manuscripts sale

6th edition of ART021 Shanghai boasts outstanding presentations and strong sales

Auction of antique arms & armour includes an eclectic range of rare and important items

Iris, a new Interactive installation by SOFTlab, exhibited in Prague's Mirror Chapel

Things You Should Know About Modern Art to Open Your Heart to It

Most Popular Last Seven Days

1.- Christie's to highlight several private collections in Jewellery sale

2.- Mystery of 'Salvator Mundi', the world's most costly painting

3.- High prices and world records achieved at Old Masters auction

4.- Newly identified Leonardo portrait on show in London

5.- Rare Edouard Cortes painting appears at Rehs Galleries after 114 years

6.- Understanding Jewellery: The definitive jewellery app

7.- Academy Art Museum offers only East Coast Richard Diebenkorn exhibition

8.- Egypt uncovers Old Kingdom cemetery containing colourful wooden coffins

9.- Garry Winogrand: Color is the first exhibition dedicated to the artist's rarely seen color photographs

10.- Sotheby's welcomes visitors to their newly-expanded & reimagined galleries

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful