The Spirit of the Rose rare pink diamond is sold for $26.6 million



A rare pink diamond named "The Spirit of the Rose" was sold for $26.6 million in the online auction on Nov 11 of Sotheby's auction house in Geneva (Switzerland).

The Spirit of the Rose rare pink diamond is sold for $26.6 million

A rare pink diamond named "The Spirit of the Rose" was sold for $26.6 million / ph: Sotheby's Jewels

"The Spirit of the Rose" is crafted from the largest ever colored diamond, discovered in Russia.  The oval, flawless, and 14.83 carat oval diamond was sold to its owner after only a few minutes of being auctioned.  The price for this masterpiece also set a record for the value of a purple pink diamond in auction history.

The Sotheby's rated diamonds "a wonder of nature", and stressed that the value of pink diamonds is on the rise as they become rarer.
 "Spirit of the Rose" is grinded from a 27.85-carat colored diamond block, found by diamond mining company Alrosa in 2017 in Russia's Sakha Republic, in northeastern Siberia.  Experts took about a year of hard work to be able to produce this pink diamond while still retain the beautiful pink color.

Pink diamonds are the rarest and most in-demand gemstones on the world market.  The world record for the value of a pink diamond began to be recorded in 2017, when the CTF Star Pink stone was sold in Hong Kong (China) for $71.2 million.

According to Sotheby's, up to 5 of the 10 most expensive diamonds ever traded in the world are pink diamonds, and all of these transactions of  pink diamond have been done over the past decade.

The Spirit of the Rose rare pink diamond is sold for $26.6 million

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