Giant 'Pink Legacy' Diamond Fetches Over $44 Million at Auction

The Pink Legacy has been described as ‘one of the world’s greatest diamonds

The Pink Legacy has been described as ‘one of the world’s greatest diamonds

Christie's, which had refused to reveal the name of the seller, said only four vivid pink diamonds or over 10 carats have ever been offered at auction.

Christie's did not identify the jewel's latest owners but it once belonged to the Oppenheimer family, who ran the De Beers diamond mining company for three generations until selling their stake in 2011.

And a diamond like the famed Pink Legacy - which is extraordinarily vivid for such a large diamond, weighing in at a whopping 18.96 carats - is so unusual that it has been called "as good as it gets" for a colored diamond, according to Rahul Kadakia, International Head of Jewellery at Christie's auction house.

Although Christie's did not reveal the auction victor, the diamond once belonged to the Oppenheimer family, who ran the De Beers diamond mining company until 2011 before selling it to Anglo American, a multinational mining company based in Johannesburg, South Africa, and London, UK.

The stone was immediately rechristened the "Winston Pink Legacy" by its buyers.

Rahul Kadakia, Christie's head of worldwide jewelry, said that auction house has only sold four pink diamonds weighing more than 10 carats in its 251 years of history.

Christie's auction house jewellery specialist Rachel Evans-Omeyer poses with an 18.96 carat Fancy Vivid Pink Diamond on show in London on September 25, 2018 before its November auction with an estimate at U.S. $30 to $50 million.

Osweiler Struggles, Offense Stumbles As Dolphins Lose In Green Bay
Green Bay took a quick 14-3 lead but was clinging to a 14-12 edge early in the third quarter before finally seizing control. Sanders was just as efficient for Miami, accounting for all of the Dolphins points on the not-quite frozen tundra.

Thugs Of Hindostan Hits A New Low
On day 4 (Sunday), it further witnessed 24.18 percent decline in its collections and earned Rs 17.25 at the domestic market. Helmed by Vijay Krishna Acharya, Thugs Of Hindostan is bankrolled by Aditya Chopra under the banners of Yash Raj Films .

Italy’s doesn’t budge in clash with EU over budget deficit
Italy now runs the risk of being fined up to 0.2 percent of GDP - which would amount to about €35 billion ($39.5 billion). European Economics Commissioner Pierre Moscovici has said he hopes a compromise can be found to avoid sanctions.

Christie's sale kicks off two days of jewellery auctions in Geneva.

The stone was discovered in a South African mine around a century ago and was probably cut in the 1920 and has not been altered since, Christie's said.

Fancy Vivid Pink diamonds over 10 carats are extremely rare.

Christie's had expected to fetch between 30 and 50 million dollars for the almost 19-carat, rectangular-cut stone - the largest fancy vivid pink diamond it has ever auctioned.

"I therefore believe the Pink Legacy will beat the current world auction record", he added.

"It is probably the most lovely (specimen) ever presented at public auction", Lunel said.

Latest News