Fancy by name, fancy by price tag. An extremely rare and exquisite emerald cut pink diamond, set into a ring flanked by two trillion cut diamonds, is expected to reach £24 million at Sotheby’s auction in Geneva next month.

The lower end of the expected price range is ahead of the world record auction price for any stone, when the Wittelsbach Diamond sold at Christie’s for £16.3million in December 2008.  Other recent notable actions include the DeBeers millennium 5.16ct blue diamond sold by Sotheby’s Auctioneers in Hong Kong for $6.4 million.  The pear shaped, internally flawless blue diamond was expected to sell for between $4.6 million and $5.8 million.

The 24.78 carat pink “fancy” diamond is just one grade below flawless and was last on the market around 60 years ago since it was bought from Harry Winston.

It belongs to the rare IIa classification which covers less than 2 per cent of the world’s gem diamonds.  The Gemmological Institute of America has said that the stone may be internally flawless when polished.

It will be auctioned alongside jewels from the collection of Cristina Ford, wife of Henry Ford II, grandson of Ford Motor Company founder Henry Ford as well as a ruby and diamond bracelet formerly owned by Countess Mona Bismarck, the late American socialite.

The diamond will be on show in Hong Kong, the Middle East, London, New York and Geneva prior to its auction on November 16.


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