Martian Pink diamond

Largest pink diamond ever sold set to fetch up to USD10 million

Lifestyle

The largest round fancy intense pink diamond ever sold at auction is due to be auctioned next month, with an expected selling price of up to USD10 million.

According to auction organisers Christie’s, the 12.04-carat pink diamond, called the “Martian Pink”, is the largest ever pink diamond to appear at auction, the Daily Mail reported.

Christie’s stated the gem is one of only two known round pink diamonds of significant size in the world. The other is the 23.60-carat Williamson Pink diamond, which was presented to Queen Elizabeth II as a wedding gift in 1947.

While most natural pink diamonds have purple, grey or orange tones, the Martian Pink “shows absolutely no trace of a secondary colour, making it exceedingly rare,” the auction house said.

The diamond is currently owned by a private collector, and was given its name by American jeweller Ronald Winston in 1976, the year America launched its first satellite mission to Mars.

Another large diamond of 11.85-carats will be sold alongside the Martian Pink at the Christie’s Hong Kong Magnificent Jewels sale on May 29, and is reportedly worth over USD1.7 million.

Chiang Chaofeng, a diamond expert working at Christie’s Hong Kong office, said the greatest advantage of diamond investment is the stable rate at which the jewels increase in value.

“The appreciation of diamond investment grows slowly compared with other investment aspects, but the biggest advantage is the stability of the growth,” Chiang said.

“More than 10 per cent of our buyers are from the Chinese mainland, and it has increased dramatically from five or six years ago.

“We predict mainland buyers will continue to increase gradually in the future,” Chiang added.

Check out the Martian Pink diamond in the video below…

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Lana Galea View Comments

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