Posted on April 16, 2013 by

Christie’s Lot 295: The Princie Diamond

The Princie Diamond

 

The Princie Diamond from Christie’s Magnificent Jewels Auction

 

The “Magnificent Jewels and Princie Diamond” Auction is going on right now around the corner from our offices at Christie’s in Rockefeller Center.  For those of you not lucky enough to swing by the auction on your lunch break, you can watch it live at Christies.com.  Just don’t miss the last lot—lot 295—the incredible Princie Diamond.

 

The Princie Diamond is one of the largest pink diamonds the world has ever seen.  Adding to its intrigue is that it hasn’t been on public view in over 50 years.  It was last seen when it was auctioned by Sotheby’s in 1960.  At the time it was labeled “Property of a Gentleman” and was purchased by Van Cleef & Arpels for the equivalent of approximately $69,588 in today’s currency.

 

Van Cleef & Arpels welcomed the new diamond to their family by hosting a large party in its honor in Paris.  Among the prominent guests were Sita Devi of Baroda, known as the Indian Wallis Simpson, and her 14 year old son, whom VCA named the diamond after.  The cushion cut 34.65 carat Fancy Intense Pink diamond officially became known as “The Princie Diamond.”

 

Colored diamond enthusiasts are watching the auction with much interest.  The last time a pink diamond this important was auctioned was in 2010, when Lawrence Graff bought a 24.78 carat emerald cut Fancy Intense Pink diamond for $46 million, valuing it at $1,856,335.75 per carat.  “The Graff Pink” holds the title for most expensive single jewel ever sold at auction.

 

Like the Graff Pink, The Princie Diamond is a Fancy Intense Pink type IIb diamond.  Type IIb diamonds are the most chemically pure and are more commonly associated with blue diamonds than pink diamonds.

 

Will the Princie Diamond break the record set by the Graff Pink?  Most experts say absolutely yes.  We’ll know soon enough.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>