Rare Pink Diamond – Even Jessop’s Can Dream!

Posted on: April 24, 2013

Jessop’s is always happy to fill your diamond dreams, for both antique and new gems in our San Diego shop, but here is one for the records books. On April 16, The Princie, a 34.65 ct. fancy intense pink cushion cut, scored $39.3 million ($1.1 million a carat) at Christie’s New York—making it the most expensive jewel ever sold in the auction house’s 200-plus year history.
The sale price surpasses the previous record of $24.3 million, set in December 2008 by the Wittelsbach.

The Princie now also holds the record for the most expensive jewel ever sold at auction in the United States, the auction house said. The buyer was kept anonymous.

The stone—which was found in the famed Golconda mines of India—was originally owned by the Nizams of Hyderabad, rulers of the south central state in India. It was first auctioned in 1960 and purchased for £46,000 by the London branch of Van Cleef & Arpels. The diamond was named in honor of 14-year-old Prince of Baroda, India, who attended a party at a Paris Van Cleef store in 1960 with his mother, Maharani Sita Devi.

A defining characteristic of the Princie diamond is its bright orange fluorescence when exposed to ultraviolet radiation, Christie’s said, adding that it is the largest pink stone to display this characteristic.

“Aside from Christie’s sale of the legendary collection of Elizabeth Taylor, this was the most successful jewelry auction ever held in the United States,” Christie’s head of jewelry for Americas and Switzerland, said in a statement.

The Princie Pink

If the anonymous buyer is looking for a setting Jessop’s is more than happy to help!

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