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Auction to feature 24-carat diamond

11-11-2010 09:08 BJT

A 24-carat pink diamond has been shown to the media by Sotheby's, ahead of an auction in Geneva. On Wednesday, auctioneers estimated it might fetch between 27 and 38 million US dollars, which would set a new world record for a jewel sold at such a forum.

The gem belongs to a tiny sub-group of diamonds known as "Type 2-A," which comprise less than two percent of the world's gem diamonds, and are chemically the most pure. It has a classic emerald cut with gently rounded corners. The stone has a flaw unnoticeable to the naked eye, but may be graded internally flawless after re-polishing.

A model displays a 24.78-carat Fancy Intense Pink
Diamond that will be on Sothebys' auction of Magnificent
Jewels on Nov. 16, 2010 during a press preview held in
Hotel Beau Rivage, Geneva, Switzerland, Nov. 10, 2010.
The emerald-cut stone, mounted on a ring, has been
graded Fancy Intense Pink by the Gemological Institute
of America (GIA) and further assessed to be a member of
the rare and coveted type IIa classification which
comprisesless than 2% of all of the world's gem
diamonds. The diamond is offered for sale with a
pre-sale estimate of 27-38 million US Dollars.
(Xinhua/Yu Yang)

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