Wednesday, April 17, 2013

Pink diamond sold at $40 million in New York auction

Princie Diamond, one of the largest and pink diamonds in the world, was sold at a New York auction for $40 million!

The pink diamond is a 34.64 carat gem with a “fabulous provenance,” according to Christie’s jewelry chief Francois Curiel.

The bid came from an anonymous telephone caller who paid $39,323,750 for the Princie Diamond.

The pink stone was from the ancient diamond mines in southern India. It was once owned by the royal family of Hyderabad, and by the London branch of Van Cleef & Arpels since 1960.

Christie’s jewelry acquired the pink diamond for 46,000 pounds, which is equal to $1.3 million today.

The bid sets a new record for Christie’s auction. Before Princie Diamond, the most paid gem at the exclusive jewelry firm was the 31-carat Wittelsback diamond which was sold for $24.3 million in 2008.

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