Flawless largest purple-pink diamond expected to fetch over $25 mn at Hong Kong auction

15.81 carat fancy vivid purple pink diamond

A 15.81 carat Sakura diamond, the largest of its kind to ever appear for sale, will go under the hammer at Christie’s upcoming Hong Kong Magnificent Jewels Live Auction on May 23, the auction house announced on Tuesday. Estimated at $25 million to $38 million, the “fancy vivid purple pink internally flawless” diamond will be the star highlight of the sale.

It is the diamond’s exceptional rarity, extraordinary optical transparency, brilliant colour, and enormous size that make it an immensely important, and eternal masterpiece of nature.

As fewer than 10 per cent of pink diamonds weigh more than one-fifth of a carat, this fancy vivid purple-pink diamond is of an unprecedented size of 15.81 carats, which is the largest of its kind Fancy Vivid Purple Pink to be offered at any auction.

It added that the lot fell in the exclusive group of the four per cent of pink diamonds that possess a colour deep enough to qualify as “fancy vivid”.

This magnificent gem is graded ‘fancy vivid’ for its perfect display of strong saturation and remarkable pink hue with a secondary colour of purple, resembling the fascinating colour of cherry blossoms – appropriately coinciding with spring.

Source: indiatimes

ALROSA Uncovers Largest Yellow Diamond Find So Far This Year

Alrosa Yellow Diamond

ALROSA subsidiary JSC Almazy Anabara has recovered a 28.59 carat rough diamond of deep greenish yellow hue the biggest yellow found so far this year.

ALROSA said that following an appraisal, the color of the stone has been determined as fancy intense yellow.

The diamond, discovered at Ebelyakh placer deposit in July, has dimensions of 11.40 x 19.00 x 17.50 mm, and has “insignificant colorless inclusions on the surface,” the miner said.

“This stone is unique because nature seemed to have prepared it for cutting in advance and gave it a pear-like shape,” said Evgeny Agureev, a Member of the Executive committee, and Director of the United Selling Organization of ALROSA.

The United Selling Organization and the company’s cutting division, DIAMONDS ALROSA, have yet to study the diamond and decide whether to auction it as a rough stone or to cut and polished it.

The Almazy Anabara is a leader in producing fancy colored stones. In 2017, it produced a 27.85 carat pure pink diamond the largest pink stone in ALROSA’s history, and a large 34.17 carat vivid yellow diamond.

ALROSA plans to focus its cutting division on the processing of large and colored diamonds and the subsequent sales. Starting this year, ALROSA has been sorting colored diamonds according to a new technology, that includes almost all hues and color grades. Most of these diamonds are processed by DIAMONDS ALROSA the company’s polished diamond unit.

ALROSA produces at least 7,000 carats of colored diamonds per year. In September, it held a True Colors auction in Hong Kong, where it showcased a collection of 250 diamonds of different shapes and hues. The company said it plans to run such auctions regularly.

Source: IDEX