Precious gems are known to fetch record breaking sums at auctions. And if the precious gem in question is also one of the rarest, you can expect its price to go sky high. That’s exactly what is going to happen when a pink diamond will be auctioned in Canada. The auction is being held by Toronto based Circa Auctions and has already caught the attention of collectors across the globe who are interested in buying the many gems that will be offered for sale. The rare pink diamond is definitely the highlight of the auction with a pre-sale estimate said to be between $2.5 million and $3 million. This high pre-sale estimate has made this rare gem the most expensive pink diamond to be auctioned in Canada.
The diamond has been graded as Vs2, meaning it has very slight inclusions that are not visible to the naked eye. The auction will be held at Toronto’s Park Hyatt Hotel on October 3. The diamond is currently on preview along with millions of dollars worth of other gemstones in advance of the auction.