Harry Winston buys rare pink diamond for record-breaking price

American jeweller Harry Winston made the winning bid for a rare pink diamond, which went under the hammer at Christie’s auction house in Geneva yesterday (Tues 13).

After five minutes of bidding, the ‘Pink Legacy’ diamond fetched $50 million (£38.4m), setting the world record for price paid per carat for a pink diamond at auction.

The 18.96ct stone, which is the largest and finest fancy vivid pink diamond ever to be sold by Christie’s, will now join Harry Winston’ collection of exceptional gemstones.

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The stone has now been renamed the Winston Pink Legacy.

The stone has now been renamed the Winston Pink Legacy.

Nayla Hayek, president and chief executive officer at Swatch Group, which owns Harry Winston, says: “We are proud to continue in the Winston tradition of acquiring the finest gems in the world and tonight The Winston Pink Legacy joins our incredible legacy collection, which began with the acquisition of the 101 carat, D Flawless, Winston Legacy diamond at Christie’s in 2013.”

The Winston Pink Legacy previously belonged to the Oppenheimer Family.

The classic rectangular cut stone has been awarded the highest diamond colour grading of VIVID by the Gemological Institute of America. It is also internally very pure, which is extremely rare in pink diamonds where the colour is formed by pressure and slippage of the crystal lattice which typically causes imperfections in the stone.

Christie’s International Head of Jewellery, Rahul Kadakia, remarks: “This exceptional diamond captured the imagination of international collectors across the globe, with over 30,000 people visiting Christie’s sale previews to see this remarkable stone. It has taken its rightful place among the world’s greatest diamonds, achieving CHF50,375,000 / $50,375,000 / €44,423,358, and setting a world auction record per carat.”

 

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