One of the rarest diamonds on the planet will go up for auction in the United States in December, attracting the attention of collectors and investors in the luxury market. The stone, named Angelina (a 6.17-carat pink diamond), is valued at £1.37 million (approximately R9.2 million) and will be the highlight of an online auction facilitated by Dallas, Texas-based Heritage Auctions. The sale ends on December 3rd, according to the What’s The Jam portal.
- Look: Mr. Lula signed new rules on Tuesday that cap the price of meals and meal vouchers at 3.6%.
- read more: BR-101/RJ: Artelis maintains Autopista Fluminense concession as there are no competitors at auction
The jewelry was oval in shape, 13 millimeters long, and was mounted on an 18 carat white and rose gold ring. According to experts, less than 0.01% of diamonds mined around the world have a naturally pink color, and few of them are larger than 5 carats. The size and purity of the pieces make Angelina even rarer. This diamond is classified as ‘fancy pink’, has a clarity grade of VVS2, and exhibits microscopic inclusions that are almost invisible to the naked eye.
According to Heritage Fine Jewelry Director Gina Donofrio, pink diamonds are formed deep within the earth’s crust under intense heat and pressure, changing their molecular structure and bending light to create their signature pink hue. She explains that most of these stones are small and have imperfections, so Fancy Pink Angelina is an example of exceptional purity and proportion.
Interest in this type of jewelry is caused by both its beauty and its appreciative potential. Gemstones of this color are rarely seen at auction, and when they do, they cause great controversy among collectors and investors. The market for pink stones has grown since the closure of the Argyle mine in Australia’s East Kimberley, which was responsible for approximately 90% of the world’s production of these diamonds.
For Christian Spofforth, consignment director at British Heritage Auctions, the closure of mining activity has led to a surge in demand and an unprecedented rise in the value of large specimens. He defines the Angelina Auction as a rare opportunity to acquire virtually unique jewelry, where a combination of natural beauty and rarity is transformed into a symbol of luxury and exclusivity.
About The Author
