Rare Pink Diamond Up For Auction In Hong Kong

Published on 30/11/09

A rare, 5-carat pink diamond to be auctioned by Christie's in Hong Kong on December 1 is expected to fetch between $5-$7 million, near world record prices.

The stone's "vivid pink" is considered near perfect and the Christie's jewelry head, Vicky Shek has touted it as one of the best colored stones to appear in recent years.

[Vicky Shek, Christie’s Hong Kong Jewelry Division]:
"And this pink is just straight vivid pink and also the clarity is potentially flawless. For colored diamonds the clarity with some black spots is very common. So this diamond with a top color and the top clarity is the finest and the rarest thing we ever saw in auction."

Christie's has a track-record of putting rare polished stones up for sale in Asia, given its confidence in the depth of the Asian market for the world's top gemstones and artwork.

Also up for auction, a whopping 16.65-carat Sapphire ring and a 9.03-carat oval vivid yellow diamond ring, both expected to make over a million dollars.