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‘Pink legacy’ diamond sells for $50m at auction

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A pink diamond has sold for more than $50m (£38.5m) at a Christie’s auction Switzerland.

The “Pink Legacy” diamond sale is a new world record price per carat for a pink diamond.

Renowned jeweller Harry Winston was the buyer, the auction house said.

Christie’s had expected to fetch between 30 and 50 million dollars for the nearly 19-carat, rectangular-cut stone – the largest fancy vivid pink diamond it has ever auctioned.

It was the standout offering at its autumn jewellery auction in Geneva.

The room broke into applause after the auctioneer struck down a hammer price of 44.5 million dollars (£34.3 million) plus fees such as a buyer’s premium.

The stone once belonged to the Oppenheimer diamond family, and Christie’s says it is among the most chemically pure gems – with little if any nitrogen.

Christie’s chairman for Europe, Francois Curiel, called the stone the Leonardo da Vinci of diamonds.

“The ‘Pink Legacy’ … brought this extremely high price of 50 million dollars – so $2.6m dollars (£2m) per carat, which is a world record price for a pink diamond.

“The previous record was $2.1m (£1.6m), but for a much larger stone: Over 50 carats,” Curiel said.

(c) Sky News 2018: ‘Pink legacy’ diamond sells for $50m at auction