16-Carat Pink Diamond Sells for $28.5 Million Setting World Auction Record

16-Carat Pink Diamond Sells for $28.5 Million Setting World Auction Record

Christie’s Geneva auction house has recently just completed a massive auction called the “Magnificent Jewels” in Switzerland where a variety of expensive jewelry and gems were auctioned off. The event contained many truly incredible pieces, however one particular lot has broken a record. It’s a 16-carat pink diamond that was sold for the incredible price of $28,523,925 dollars. With the sale of this diamond, we now have the world record holder for the largest pink diamond ever sold at auction, as Christie’s reports:

The top lot of Christie’s Geneva auction of Magnificent Jewels was a fusion-shaped Fancy Vivid Pink Diamond, the largest to be offered at auction. It sold for $28,523,925, setting a new auction record for any vivid pink diamond and prompting a burst of applause in the sale room. The stone, which is set as a ring with a double row of pavé-set white diamonds which surround and highlight the main stone, with a third row of small pink diamonds underneath, was bought by a private Asian buyer, who named it ‘Sweet Josephine’ immediately after the sale.

As you can obviously see, this piece is truly magnificent for many different reasons. Not only is the diamond so large, but the cut is perfect, and the color couldn’t be any more ideal. It’s a rare TypeIIa diamond that contains absolutely no other colors, a quality that less than 2% of all diamonds can claim. Diamonds often go for pretty incredible prices, as they are some of the most valuable stones in the world, and that is truly evident by this sale.

Apparently in nearly 250 years of Christie’s and auction history, there have only been just three other vivid pink diamonds that were offered for sale and over 10-carats, however this one takes the cake. Outside of this massive sale, the auction was a huge success. Christie’s reported that the Magnificent Jewels auction brought in some $109 million dollars. That number is also pretty crazy, but what’s even more unbelievable is that this pink diamond brought it roughly 26% of all of those earnings. While we don’t know who the anonymous buyer is, I am sure they are fairly pleased with their purchase, as a diamond like this will just increase in value over time.

Photo from Christies

Add Comment

Actors Basketball Players Bloggers Boxers Celebrities Criminals Football Coaches Football Players Golfers Hockey Coaches MMA NASCAR Olympians Politicians Skateboarders Soccer Coaches Soccer Players Tennis Wrestlers
Jamie Oliver
The Top Five Richest Chefs in the World
San Francisco Federal Reserve President John Williams & Mizuho Securities USA CEO John Koudounis Visit "Opening Bell With Maria Bartiromo" On FOX Business Network
20 Things You Didn’t Know About Maria Bartiromo
Masaharu Morimoto
Masaharu Morimoto: 10 Things You Didn’t Know
New Bentley GT Model Teases Extreme Design
A Rare 2005 Maserati MC12 sells for $1,575,000
1962 Ferrari 250 GTO Set to Sell for $55 Million
1967 Ferrari 330 P4
The One-Of-A-Kind 1967 Ferrari 330 P4
Niseko Village in Niseko, Japan
Top Five Hotels to Send Christmas Abroad
Sydney Plane 3
A $191,000 Flight is One Way to Ring in 2017
New Year's
Five Luxurious Places To Celebrate New Year’s Eve 2016
The Top 5 Airport Lounges In The World
First Time Rolex
A Guide for the First-Time Rolex Buyer
Why We Love the The 2016 Rolex Air-King
watch up close
Why We Love the Jaeger-LeCoultre Master Ultra Thing Squelette
michael kors
The Top Five Michael Kors Women’s Watches
gucci kicks
The Top Five Women’s Sneakers Brands in 2016
Five Upcoming Sneaker Collections to Check out in August
yeezy solar red
Five of the Most Expensive Sneakers at Sneakerness Berlin
Five Sneaker Brands to Look for at New York Market Week
The Top Five Red Wines of 2016
Enjoy A $1000 Box of Tequila Infused Chocolates
John Walker Philip Lawson Johnston Limited Edition
Five Whiskey Brands That are On the Rise
The Four Seasons Gorgeous New Hawaiian Resort
Suite 1
Milan’s Excelsior Hotel Gallia Gets Best Hotel Suite
Spa Alila Rainforest Retreat 1
Spa Alila Rainforest Retreat at the Edge of the Valley
w puerto rico
The 10 Most Stunning W Hotels in the United States