LONDON: The Pink Raj, an intense pink diamond described by experts as the world's largest, is expected to fetch up to US$30 million when it is auctioned in Geneva next month.
The stone, which weighs just over 37 carats, was displayed by auction house Sotheby's in London this week.
"It is a wonderful shape. It is a cushion modified diamond, with a lot of brilliance, a lot of facets, when you move it around and sort of have it on your finger," Sotheby's senior jewellery specialist Daniela Mascetti told Reuters.
The rough diamond was mined in 2015 and is being auctioned by an anonymous owner. Previous sales for smaller pink diamonds have yielded more than US$1 million per carat at auction.
A 24.78 carat intense pink diamond sold for more than US$46 million - a record price per carat for pink diamonds - in November 2010 in Geneva.
-
Will Warner Bros finalize deal with Paramount or stays loyal with Netflix's offer? -
$44 billion Bitcoin blunder: Bithumb exchange apologizes for accidental payout -
Global memory chip crunch puts spotlight on Apple; Will iPhone become more pricey? -
Bitcoin plummets toward $60,000 as investors dump risky bets -
Bitcoin crashes below $63K as regulatory pressure and market fears grow -
Bitwise Crypto Industry innovators ETF: What investors should do in 2026? -
Nintendo shares slide again as momentum fears grow -
Gold, silver prices fallen sharply; What’s driving the drop?