Pink diamond sells for $39m

A 34.64-carat pink diamond has sold at auction in New York for more than $39 million, setting a new record for Christie's auction house.

  • Published: 17/04/2013 at 05:49 PM
  • Newspaper section: breakingnews

View of the "Princie Diamond" which was sold for $39,323,750 at the Christie's auction house in New York, on April 16, 2013.

Dubbed the "Princie Diamond," the gem is "one of the largest and finest pink diamonds in the world," with a "fabulous provenance," Christie's jewellery chief Francois Curiel said ahead of the sale.

An anonymous telephone bidder paid $39,323,750, or more than $1 million per carat, for the stone from ancient diamond mines in southern India, the auction house said in a statement Tuesday.

The pink gem was once owned by the royal family of Hyderabad and, since 1960, by the London branch of Van Cleef & Arpels.

The exclusive jewellery firm originally paid 46,000 pounds for it, equivalent to $1.3 million today, Christie's said, indicating a hefty profit after Tuesday's sale.

All told, bidders paid more than $80 million for the jewels at the New York auction, including just under $4.5 million for a 30.32 carat rectangular cut D color diamond and $3.3 million for a Harry Winston diamond ring.

Previously, the most paid at Christie's for a diamond was $24.3 million, for the 31-carat Wittelsbach diamond in 2008.

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