A Gift of Nature for $2.9M

Unlike most other colored diamonds, the pink color is caused not by trace elements in the chemical composition but by a lucky miracle of nature: a distortion within the atomic lattice. That's why pink diamonds are exceedingly rare in nature.

An elegant square cut pink diamond, weighing 5.03 carats graded by the GIA as Fancy Pink colour and VS1 clarity fetched $2,935,263 (incl. premium) at Bonhams London Fine Jewellery sale last week. It was initially valued by the auctioneer between $777,380 – $1,000,000.

According to Emily Barber, Director of Jewellery at Bonhams UK, the diamond achieved the price due to a number of factors: “its size – it’s exceptionally rare to see a pink over five carats on the market today; its even color saturation and its extraordinarily elegant cut”. 

This pink diamond offered at auction for the first time set a new world auction record price-per-carat of $583,551 per carat for a fancy pink diamond. 

By YDCDL - Sources: Bonhams 

Picture credit: Bonhams