SOTHEBY'S GENEVA ANNOUNCED RECENTLY THAT IT WILL PRESENT AN IMPORTANT PINK DIAMOND, WEIGHING 10.99 CARATS IN ITS SALE OF MAGNIFICENT & NOBLE JEWELS ON 17.MAY, SIX MONTHS AFTER THE RECORD BREAKING SALE OF THE GRAFF DIAMOND, THE MOST EXPENSIVE DIAMOND AND JEWEL EVER SOLD AT AUCTION. COMMENTING OF THE FORTHCOMING SALE, DAVID BENNETT, CHAIRMAN OF SOTHEBY'S JEWELRY DEPARTMENT FOR EUROPE AND THE MIDDLE EAST SAID: 'I DO NOT REMEMBER THE MARKET FOR COLOURED DIAMONDS TO HAVE EVER BEEN AS STRONG AS IT IS TODAY. THIS WAS UNDERLINED BY THE UNPRECEDENTED RESULTS OF OUR LAST NOVEMBER SALE AND UNDOUBTEDLY INFLUENCED THE OWNER'S DECISION TO SELL THIS BEAUTIFUL PINK DIAMOND WHICH HAS NOT APPEARED ON THE MARKET FOR OVER 30 YEARS.' THE SUPERB STONE, MOUNTED AS A RING, HAS BEEN GRADED 'FANCY INTENSE PINK', NATURAL COLOUR AND VSI CLARITY BY THE GEMOLOGICAL INSTITUTE OF AMERICA. IT HAS BEEN FURTHER ASSESSED TO BE PART OF A VERY RARE SUBGROUP OF DIAMONDS AS TYPE IIa AND COMPRISING LESS THAN 2% OF ALL OF THE WORLD'S GEM DIAMONDS. THE BEAUTY AND RARITY OF THE STUNNING DIAMOND ALSO LIES IN ITS CUT AND SHAPE. IT FEATURES A CLASSIC EMERALD CUT, A STYLE OF CUTTING NORMALLY ASSOCIATED WITH WHITE DIAMONDS AND IMMENSELY SOUGHT-AFTER WHEN FOUND IN THE RARE COLOURS SUCH AS PINK AND BLUE. ESTIMATED AT $9-$12 MILLION, THE STONE IS BEING OFFERED FROM A PRIVATE COLLECTOR.
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