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See the World's Largest Pink Diamond "Pink Raj" Expected to Fetch Up to $30million at Auction (Photo)

Posted by Odinaka on Mon 16th Oct, 2017 - tori.ng

The world's largest pink diamond, which weighs just over 37 carats, and is being displayed at the Sotheby's in London, is expected to fetch up to $30 million during an auction next month.

The Pink Raj is the world's largest intense pink diamond

“The Pink Raj”, an intense pink diamond described by experts as the world’s largest, is expected to fetch up to $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 jewelry specialist Daniela Mascetti said.

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 $1 million per carat at auction.

A 24.78 carat intense pink diamond sold for more than $46 million - a record price per carat for pink diamonds - in November 2010 in Geneva.

-Reuters