‘Pink Legacy’ diamond sells for record-setting $50 million

‘Pink Legacy’ diamond sells for record-setting $50 million

The Pink Legacy, a 18.96 carat fancy vivid pink diamond once owned by Oppenheimer family is displayed on November 8, 2018 during a press preview ahead of sales by Christie's auction house in Geneva. - The auction will take place in Geneva on November 13, 2018. (Photo by Fabrice COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
‘Pink Legacy’ diamond sells for record-setting $50 million

‘Pink Legacy’ diamond sells for record-setting $50 million.

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‘Pink Legacy’ diamond sells for record-setting $50 million.

The 19-carat, rectangular-cut “Pink Legacy” diamond sold for a record 50.375 Swiss francs (€44.3 million, $50 million) on Tuesday at Christie’s in Geneva.

The auction house said that renowned jeweller Harry Winston was the buyer.

The identity of the seller was not disclosed.

The diamond had been expected to fetch between $30 million and $50 million.

The auctioneer struck down a hammer price of $44.5 million, which excludes the standard “buyer’s premium” and other fees.

Christie’s said the Pink Legacy achieved a new per-carat record and was the second most expensive one ever sold at auction.

Graded “vivid,” the highest rating for a pink diamond’s colour, Christie’s says it’s among the most chemically pure gems.

The stone is internally pure with a regular count and mounted on a platinum ring.

It was once owned by the Oppenheimer family, who built De Beers into the world’s biggest diamond trader.

Original Source https://www.dw.com/en/pink-legacy-diamond-sells-for-record-setting-50-million/a-46283941 

Lorraine

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