Eternal Pink: The ultra rare pink diamond that is expected to sell for more than $35 million at auction

New York: A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million (Rs 287 crore), is set to be auctioned off by Sotheby’s as part of its Magnificent Jewels sale in New York in June. The 10.57-carat stone is being marketed as the most valuable purplish-pink diamond ever brought to auction, with the highest ever pre-auction price per carat estimate, according to Sotheby’s. “Its refined lines combined with the intensity of its colour earn it a place as one of the world’s most extraordinary gems,” Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America said of the cushion-cut diamond. [caption id=“attachment_12376352” align=“alignnone” width=“640”] Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors. AP[/caption] According to Sotheby’s, the stone, which was mined in Botswana, is “comparable to ultimate masterpieces of art — far rarer than a Magritte or a Warhol,” thanks to its clarity and lack of imperfections. Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors. The record for highest-ever auction price for such a stone is held by the CTF Pink Star, which was sold for $71.2 million (Rs 585 crore) in Hong Kong in 2017. The Williamson Pink Star diamond, which sold for $57.7 million (Rs 474 crore) in 2022, also in Hong Kong, holds the record for the highest price per carat, at nearly $5.2 million (Rs 42.75 crore). Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.