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

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.

"The Pink Raj", an intense pink diamond described by experts as the world's largest, is expected to fetch up to million when it is auctioned in Oct 20, 2017 CultureHow social media shows are shaking up TV drama. Oct 19, 2017 LivingLetters from young Obama show a man trying to find his way.

Rare Pink Diamond to Fetch million at Auction . An extremely rare pink diamond is on display in Hong Kong, and could fetch up to million when it is sold at an auction in Switzerland next month.

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).

The Block smashed a record during auction

  The Block smashed a record during auction Josh Barker and Elyse Knowles’ winning house on The Block broke a record - it was the most expensive home to ever sell on the reality series.When the hammer fell on Josh and Elyse’s auction on The Block, they became the team that has sold the most expensive property in the show’s history.

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 .

This Rare Pink Diamond was related with this La Ig Pink Star Diamond Returns To Auction Story topics. Carat Pink Diamond To Sell For Up To . Ultra Rare Pink Diamond Expected To Fetch Mil At Auction . Sothebys Sells Rare Pink Diamond For Million To Asian Phone Buyer.

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.

The Block winners prepare for another auction

  The Block winners prepare for another auction It's the pad Josh and Elyse renovated before they won the show, and now it's going under the hammer and could sell for more than $1M.The property, in Coburg - an up-and-coming suburb in Melbourne's north - is very similar to their winning house on show.

A RARE plum-sized pink diamond is expected to break the world record for a gemstone it goes under the hammer in Hong Kong on Tuesday. That sale in Geneva saw a New York-based diamond cutter secure the stone for $US83 million . Sotheby’s is confident the “ Pink Star” will again sell for a record

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.

Necklace with largest flawless white diamond sold for record $34 million at auction .
An emerald and diamond necklace set with the largest flawless white diamond ever to come to auction has sold for a world record 33.5 million Swiss francs (£25.82 million), the star lot at a Geneva sale, Christie's said.The necklace, known as the Art of de GRISOGONO, Creation 1, has a rectangular diamond weighing 163.41 carats as its centrepiece. The stone, found in Angola in 2016, is framed on one side by rows of diamonds and on the other by pear-shaped emeralds.

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