Cora International sold the exceptional 15.38 carat diamond which was the standout item in the auction of jewelry at Sotheby's in Geneva, and secured the highest price ever for a fancy pink diamond.
Cora International LLC sold the exceptional 15.38-carat Unique Pink Diamond for $31.5 million thus becoming the most expensive Fancy Vivid pink diamond to sell at auction.
The stone combines an exceedingly rare and sought-after Fancy Vivid pink color, stunning clarity and exceptionally pure structure.
The rare diamond was the highlight of the evening, prompting frenzied bidding during the Sotheby's Magnificent Jewels Sale in Geneva.
"In November 2015, we sold the exceptional 12.03-carat Blue Moon Diamond for a record of $48.5 million to become the most expensive diamond ever sold at auction. Back in 2011, Cora International sold the Sun-Drop Diamond, which remains the largest known pear-shaped fancy vivid yellow diamond to be sold at auction."
According to the non-profit Fancy Color Research Foundation, pink diamonds have risen in value by more than 350 percent since it started its price index. By comparison, gold has risen by just over 160 percent.
