December 27, 2010
Graff Pink diamond 1
Graff Pink diamond
The Graff Pink as we all come to know it saw bidders emerging from all corners of the earth to bid on this, possibly one of the most precious stones known to man. The stone smashed pre-auction estimates by almost 50 percent and set a new diamond and jewel auction world record.
The Graff Pink is an extraordinarily rare and exceedingly beautiful Fancy Intense Pink Emerald-Cut Diamond, which sold in auction in November for a staggering $46,158,674 at Sotheby’s Geneva.
Four bidders scrupulously bid on the exceptional ring, which weighs 24.78 carats and has been described as being one of the most important jewels ever to go to auction and as “outstanding” for its incomparable colour and purity. The winning bidder was Sotheby’s chairman in Asia, Patti Wong, who was bidding on behalf of Laurence Graff, a British billionaire and jeweler.
Naturally ecstatic about the sale, Laurence Graff commented:
“It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.”
It is so profoundly rare that the jewel has been classified as type IIa, which makes up of less than two percent of the world’s diamonds.
Gazing longingly at a picture of this dazzlingly beautiful ring, one cannot fail to harmoniously agree with Lawrence Graff’s sentiment that a jewel is the “ultimate expression of femininity”.
Sotheby’s Geneva has held some of the most spectacular jewel sales in the company’s history, including the sale of the jewels of Madame Helene Beaumont in 1994, the Princely Collection of Thurn and Taxis in 1992 and the Duchess of Windsor’s jewels in 1987. Although the Pink Graff, for its astounding exquisiteness, uniqueness and rarity, like its record-breaking price tag suggests, has to be one of the most remarkable stones to have ever been present in Sotheby Geneva’s auction showroom.