New‘Flawless’ pink diamond to go to auction at Sotheby’s for HK$100 million
Chinese market, especially married Chinese woman, drives luxury sales to record
An ‘internally flawless’, 8.41 carat purple-pink diamond to be auctioned by Sotheby’s Hong Kong is expected to sell for more than HK$100 million.
“Natural pink diamonds over a carat are extremely rare to come by; some would say it is beyond rare,” the auction house said. “Whenever a pink diamond over five carats is put up at an auction, it naturally assumes a pivotal position in the auction room.”
The rose coloured diamond could become one of the top three stones ever sold at auction on a per-carat basis when it goes on sale on October 7.
“This diamond is one in a million, or even one in ten million,” Terry Chu, Sotheby’s jewellery department senior director for China and Southeast Asia, said. “It’s a very romantic and sexy pink diamond.”
Last year, Sotheby’s Hong Kong auctioned off a 118.28 carat white diamond for US$30.6 million (HK$237 million) breaking world records. In October, the auction house, which is seen as a barometer of demand from China for expensive artwork and luxury goods, posted its highest ever autumn sales, exceeding forecasts.