An exceedingly rare fancy pink diamond, weighing 5.03ct, set a new auction world record at Bonhams London Fine Jewellery sale this week.
Going under the hammer on September 26, the pink VS1 clarity diamond sold sold for £2,228,750 ($583,551 per carat), breaking the record for a fancy pink diamond per carat.
The previous auction record for a fancy pink diamond was held by Sotheby’s Geneva in May 2016, where the stone sold for $528,021 per carat.
Emily Barber, director of jewellery at Bonhams UK, shares: “We were honoured to be chosen to offer this magnificent pink diamond to our global clients and we were delighted to see how well it performed at the sale. This was due to a number of factors: its size – it’s exceptionally rare to see a pink over five carats on the market today; its even colour saturation and its extraordinarily elegant cut.
“Large pink diamonds are continuing to increase in value year on year. They are highly desirable to discerning collectors given their rarity and limited supply. A diamond like this would definitely be one of the most prized pieces in an important jewellery collection.”
In addition to the fancy pink diamond, Bonhams also sold a fancy-coloured diamond three-stone ring, circa 1910, for £168,750 against its pre-sale estimate of £80,000-120,000. this featured an old brilliant-cut fancy blue diamond, weighing 0.95 carat, set between fancy yellow-orange marquise-cut diamonds, weighing 0.51 and 0.56 carats.
The overall sale total was £6,936,250 with 89 per cent lots sold by value.