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Money Ultra-rare pink diamond expected to fetch up to $40 million at auction

01:41  10 november  2017
01:41  10 november  2017 Source:   msn.com

The Block's Sticks and Wombat disappointed with result

  The Block's Sticks and Wombat disappointed with result Sticks and Wombat admit they will only break even with The Block winnings they received on auction day.The mates from coastal NSW had the third auction slot and sold their house for $2.65 million - $130,000 over the reserve price of $2.52 million.

According to predictions, the stone could fetch as much as million . This is a return to auction for the Pink Star which was originally sold in 2013 at auction in Geneva where it was snapped up by diamond cutter Isaac Wolf for a whopping million .

A rare , pear-shaped, vivid pink diamond will go under the hammer at auction in Geneva next month, where auctioneers expect the unusual gem to fetch £27 million . The 'Unique Pink ', described by Sotheby's as 'supremely rare and exceptional', weighs 15.38 carats.

The 37.30 carat Raj Pink, the world's largest know fancy intense pink diamond (est. $20-30 million)© Tristan Fewings/Getty Images The 37.30 carat Raj Pink, the world's largest know fancy intense pink diamond (est. $20-30 million) 'The Pink Raj' has been hailed the largest fancy intense pink diamond on the planet.

The 37.30 carat diamond is predicted to become one of the most expensive jewels of its type when it goes under the hammer next Wednesday at the Sotheby’s Magnificent Jewels and Noble Jewels sale.

The rough diamond was mined in 2015 and studied for more than a year before being entrusted to a master cutter who crafted the stone into a modified cushion cut.

The impressive stone has been named as one of the stars of prestigious auction and is predicted to fetch between $26 million and $39 million (AUD).

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Image: The Pink Raj diamond is expected to fetch up to £23 million at auction . David Bennett, worldwide chairman of the auction house's international jewellery division, said its intense colour made it a "phenomenally rare " item.

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Chairman of the auction house's jewellery division said The Pink Raj's stunning colour made it particularly rare, with fewer than 0.02% of diamonds submitted to The Gemological Institute of America (GIA) each year being predominantly pink.

"Pink diamonds have always been among the most collected and most admired because there is nothing more beautiful in the diamond world in some ways than a pink one," chairman David Bennett said.

"As the largest known of its category, it has obviously attracted a lot of attention," he added.

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Опубликовано 19 марта 2015, 19:39. A 77.77-carat yellow diamond ring is one of the world's rarest diamonds and will be up for auction . Also showcased were a pair of rare purple- pink diamond earrings expected to fetch up to US$ 7 million and a jadeite bead and diamond necklace also

The gem will be auctioned off on May 17 in Geneva and it’s expected to fetch between million and million. Glamorous 10.09-Carats Diamond Ring To Be Auctioned Off Soon. Andy Warhol Self-Portrait May Fetch $ 40 Million .

The GIA said the vibrancy of the "bright and ravishing" stone was extremely rare, particularly considering its weight.

The 37.30 carat Raj Pink, the world's largest know fancy intense pink diamond (est. $20-30 million)© Tristan Fewings/Getty Images The 37.30 carat Raj Pink, the world's largest know fancy intense pink diamond (est. $20-30 million) "Only the most privileged and knowledgeable in the industry know of their existence," it said in a report.

"With an unmodified Fancy Intense Pink hue, substantial size and desirable clarity, the Raj Pink is certainly one of those gems that only few may have the honour of experiencing."

The stone's current owner has chosen to remain anonymous, but revealed they named the stone after the Sanskrit word for king, according to Forbes.

The record price for a pink diamond per carat was set in Geneva when a 24.78 carat stone sold for more than $46 million in 2010.

However, ‘The Pink Star’ remains the most expensive pink diamond ever sold, fetching $71 million in April.

Here's where the world's richest people live .
About half of all of the world's ultra rich -- those with a net worth over $US50 million -- live in the US. China, Germany, and the United Kingdom follow the US. -The number of ultra-high-net-worth individuals increased by 13% in 2017.Forget millionaires. Make way for the ultra-rich.Credit Suisse released its annual Global Wealth Report, which calculated that about 148,200 adults around the world could be classified as ultra-high-net-worth (UHNW) individuals in 2017. That means they have a net worth above $US50 million.There were about 19,600 more UHNW individuals in 2017 than in 2016, a 13% increase.

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