'Unique Pink' diamond expected to fetch $28M-plus

2016-05-17 19:00
The Unique Pink, the largest Fancy Vivid Pink pear shaped diamond ever offered at an auction, during a Sotheby's press preview in Geneva, Switzerland. (Laurent Gillieron, Keystone via AP)

The Unique Pink, the largest Fancy Vivid Pink pear shaped diamond ever offered at an auction, during a Sotheby's press preview in Geneva, Switzerland. (Laurent Gillieron, Keystone via AP)

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Geneva - Sotheby's is putting up for sale a fancy vivid, pearl-shaped pink diamond said to be the largest of its kind sold at auction and expected to fetch a price between $28 million-$38 million.

The 15.38-carat "Unique Pink," mounted on a ring and touted for its clarity and pure structure, is the star lot in the Geneva auction taking place on Tuesday. The diamond was mined in South Africa.

The current record for the sale of a pink diamond was $46.2 million, set five years ago by the "Graff Pink."

The record sale for any diamond was $48.5 million of the 12.03-carat polished "Blue Moon" diamond earlier this year.

Hong Kong billionaire Joseph Lau bought it as a gift for his 7-year-old daughter and had it renamed "The Blue Moon of Josephine."

Read more on:    diamonds

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