The rare pink diamond is expected to fetch more than $35 million at auction
2023-03-29 17:54:16 TiranaPost
A pink diamond is expected to sell for more than $35 million when it goes up for sale in New York, auction house Sotheby's announced Wednesday.
Weighing 10.57 carats and named The Eternal Pink, the "ultra-rare" gemstone will go up for auction four years after South African firm De Beers discovered it in one of its mines in Botswana.
The Eternal Pink is the most valuable diamond of its shade ever to appear at auction, according to Sotheby's.
Pink diamonds have increased in value in recent years. This is partly due to a drop in supply caused by the closure of Australia's Argyle mine in 2020, which previously produced most of the world's pink diamonds.