The super strange Russian pink diamond may be the most expensive gem in the world



The 14.83-carat pink diamond just found and cut by Russian diamond mining company Alrosa PJSC is expected to have a record price when it goes up for sale later this year.

Evgeniya Kozenko, a spokesperson for Alrosa, said the oval-shaped stone, The Spirit of the Rose, has been certified by the American Gem Institute as a fancy vivid purple-pink diamond with transparency and luster with great balance structure.

 It is scheduled to go on sale in November, she said.

The super strange Russian pink diamond may be the most expensive gem in the world

The Spirit of the Rose pink diamond / ph: Alrosa

Colored diamonds are made up of impurities such as boron or nitrogen, which are the most expensive and rare.  Among them, red and pink diamond have the highest prices.

According to Bloomberg, the Spirit of the Rose pink diamond could be one of the most expensive pink gems ever, according to Eden Rachminov, the board chairman of the Fancy Color Research Foundation.

 Mr. Rachminov estimated the potential price of this pink diamond in the range of 60-65 million USD.

 Sotheby's auction floor set the record for selling the most expensive pink diamond in 2017. That record belongs to The Pink Star, the 59.6 carat fancy sparkling pink diamond, sold to the Group.  Chow Tai Fook jewelry retailer headquartered in Hong Kong for $ 71 million.

 Before that, Oppenheimer Blue, the second most expensive pink diamond sold for $ 58 million in 2016 by Christie's.

 Alrosa spokesman Kozenko declined to comment on whether the company would raise the price of The Spirit of the Rose.  However, he said it would be the most expensive diamond polished in Russia.

This is a good time to sell as pink diamond is about to become even more rare after the Rio Tinto Group confirmed earlier this year that it will stop producing the giant Argyle diamond in Australia.

 The company's quarry supplies about 90% of the world's pink diamond.

 Alrosa found the 27.85-carat raw stone at its alluvial deposits in the Far East, Russia in 2017 and named it Nijinsky, after ballerina Vaslav Nijinsky.  The one-year process is done at Alrosa's cutting plant in Moscow.

The pink diamond - Spirit of the Rose is named after the ballet Le Specter de la Rose, choreographed by the Ballets Russes company and released in 1911, in which Nijinsky is a star.

The super strange Russian pink diamond may be the most expensive gem in the world

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