British jeweller Laurence Graff purchased a rare pink diamond, weighing in at 24.78 carats, at Sotheby’s yesterday breaking the record for the highest priced jewel sold at auction. The rare pink diamond went for a cool £29million. Graff broke the previous record, which he also held, for the 17th century stone the ‘Wittelsbach’ blue diamond two years ago.
The pink diamond is among less than two per cent of the world’s diamonds categorised as ‘potentially flawless’ and upon re-polishing it may shed its ‘potential’ status. The stone’s rare, perfect pink colour is thought to have been caused by it absorbing light in an unusual way when it was formed deep inside the earth over millions of years. It is set between shield-shaped diamond shoulders on a silver ring. Which seems odd to me, shouldn’t this extraordinary gem warrant a platinum setting? According to Sotheby’s this is evidence that the market for fine gemstones and fine jewellery is very strong. For the rest of us, it’s evidence that truly beautiful things are produced by mother earth. xxx
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