9-Carat 'The Pink' Diamond Fetches $18 Million at Christie's

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Christie’s has announced that a pear-shaped pink diamond has sold for a staggering US$18.11 million. The auction house described the buyer, who bid by telephone, as “a big mega Asian collector”. The fancy vivid pink diamond made the top lot at Christie’s semi-annual Geneva sale, and weighs an impressive 9.14 carats.

Given its pre-sale estimate of approximately $16 to $18 million, the final sale of the rare diamond certainly met expectations. But even at its astounding price tag, The Pink still shies from the 15.38-carat pear-shaped vivid pink diamond that swept up a record $31.46 million at rival auction house Sotheby’s.

As the auction house celebrates its 250th anniversary this year, significant gems sweep the floor with healthy demand, and the night rounds with 77% of 217 lots sold. Christie’s reported netting approximately $97 million against the previous year’s $110 million from the auction.

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Among the other stars at the auction block includes Miroir de l’Amour, French for ‘Mirror of Love’, which sold for approximately $17.6 million after more than 5 minutes of bidding. It was notably rare that the pair of diamond drop earrings had a secret minimum set by the owner and no reserve price.

“It made a great price for a really fabulous pair of diamonds,” said Rahul Kadakia, international head of jewelry at Christie’s. “Very healthy prices will give a great boost to the white diamond market… Diamonds are bouncing back.”

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