Rare 5-carat pink diamond to be auctioned by Christies expected to fetch $7million

History was created when the rare Wittelsbach diamond fetched $25million at an auction held by Christies. Once again, history is all set to repeat itself as Christie’s is all gearing up to auction a rare 5-carat pink diamond in Hong Kong. The stone, set in a so-called “cushion-cut” ring by famed jewelers Graff Diamonds, is expected to fetch anywhere between $5million and $7 million. Simultaneously, just a quarter of the size of the world-record-holding pink jewel (a 19.66-carat stone that sold in Geneva for $7.4 million in 1994), this beautiful 5 carat stone is touted to be one of the best-colored stones to appear in recent years. While the South African-mined diamond isn’t quite rated flawless given minor blemishes, Christie’s said that these could be removed by minor re-polishing. Christie’s who is confident of the buying prowess of Asian jewelry collectors, is sure this rare pink gem will fetch its desired price.

If so, this vivid pink gem will sit beside many other priceless stones who managed to fetch record-breaking prices.

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