Pink Diamond Sells for $26.6 Million

Pink Diamond Sells for $26.6 Million

(HorizonPost.com) – When people decide how much money they wish to spend on an object, one major factor tends to be how rare and unique it is. This might be especially true when it comes to “a girl’s best friend” as evidenced by the sale from Sotheby’s Auction in Geneva of a rare pink diamond named “The Spirit of the Rose.”

What started as a 27.85-carat rough diamond mined from the Siberia region of Russia was transformed by a craftsman who cut it into a 14.83-carat stunning purple-pink diamond. The transformation process reportedly took a full year to create the final type IIa (the world’s most valuable rating) piece.

The anonymous buyer at the online auction spent a reported $26.6 million. It’s the largest-ever pink diamond auctioned — 99% of diamonds of this color come in at less than 10 carats. The Argyle mine in Australia is where most of the world’s pink diamonds are mined, and it’s scheduled to be closed soon, leading some experts to predict a rapid rise in their value.

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