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Wednesday, 17 November 2010

Rare pink diamond up for auction in Switzerland

One of the world's rarest diamonds is likely to fetch a

 record price at auction in Geneva on Tuesday.

The 24.78-carat "fancy intense pink" diamond is expected to command at least $1m (£625,000) per carat.
Last sold by a New York jeweller 60 years ago, the gem has been kept in a private collection ever since. The previous record for a jewel at auction was set by a blue 35.56 carat diamond which sold for £15.2m ($24.3m) at auction in 2008.
Pink diamonds of such a size are extremely rare and the gem up for auction is described as having an emerald cut with gently rounded corners.
Five hundred lots are on sale including jewellery that belonged to Cristina Onassis and Cristina Ford - who was married to Henry Ford II, grandson of the founder of the Ford Motor Company.
David Bennett of Sotheby's international jewellery division said the pink stone had a "soft sensual feel". "There's only one or two other stones I've seen like this in the 35 years I've been doing this job. I just love it."

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