CrimeMay 03, 2024
Second Suspect Arrested in Murder of Colorado JewelerWheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
AuctionsOct 13, 2020
This 14-Carat Pink Diamond Mined in Russia Is Up for Sale
Named “The Spirit of the Rose,” the fancy vivid purple-pink diamond is expected to go for as much as $38 million at auction.
Sotheby’s is putting this 14.83-carat fancy vivid purple-pink diamond up for sale at its upcoming Magnificent Jewels auction, scheduled for Nov. 11 in Geneva.
Geneva—A nearly 15-carat fancy vivid purple-pink diamond mined in Russia a few years ago is going up for sale at Sotheby’s.
The auction house announced Monday it will offer “The Spirit of the Rose” at its Magnificent Jewels auction in Geneva next month and predicts the stone will sell for between $23 million and $38 million.
Its planned sale follows Sotheby’s auction of a 102.39-carat D flawless diamond, which sold for $15.7 million last week, underperforming when compared to similar stones sold at auction in recent years.
The 14.83-carat diamond’s highest auction estimate, $38 million, is well below the $60 million one colored diamond expert predicted it would sell for back in August 2019.
Commenting on the stone’s sale, Benoit Repellin, who is heading the Magnificent Jewels auction for Sotheby’s, said: “Pink diamonds … have captured the imagination of collectors for centuries, making up five out of the 10 most valuable diamonds ever sold at auction.
“These exceptional sales, all realized in the last decade, are a testament to the growing appreciation and awareness of the great scarcity of these natural treasures around the world. With the supply of these beautiful stones becoming ever more limited, they are likely to continue to become even more prized.”
The mine that produces the bulk of the world’s pink diamonds, Rio Tinto’s Argyle mine in Western Australia, is set to close by year’s end.
The Spirit of the Rose is an oval modified brilliant-cut diamond that is internally flawless. Sotheby’s said the stone, which was graded by the Gemological Institute of America, is the largest vivid purple-pink diamond ever to appear at auction.
Its name is a nod to “La Spectre de la Rose,” an acclaimed ballet performed by the Ballets Russes company in Monaco in 1911.
Alrosa cut the diamond from the largest chunk of pink rough ever mined in Russia, a 27.85-carat diamond unearthed in July 2017. It consigned the diamond to Sotheby’s for auction.
The Spirit of the Rose will be on exhibit prior to the auction next month, though the diamond is not coming to the United States.
Sotheby’s will show it in Hong Kong on Oct. 13 and 14, Singapore on Oct. 20 and 21 and Taipei on
Oct. 27 and 28, before it returns to Geneva.
The diamond will be on display there from Nov. 7-10, ahead of the auction, which is set for Nov. 11.
The Spirit of the Rose was one in a trio of exceptional natural color diamonds mined and cut by Alrosa. It dubbed the collection “The Spectacle.”
Another stone in The Spectacle, a 20.69-carat yellow diamond, was sold to Graff.
No details have yet been released on the third stone.
The diamond will be on display there from Nov. 7-10, ahead of the auction, which is set for Nov. 11.
The Spirit of the Rose was one in a trio of exceptional natural color diamonds mined and cut by Alrosa. It dubbed the collection “The Spectacle.”
Another stone in The Spectacle, a 20.69-carat yellow diamond, was sold to Graff.
No details have yet been released on the third stone.
More on Auctions
The Latest
CollectionsMay 03, 2024
A Sneak Peek Into PGI’s Couture Platinum Spotlight ProgramPGI partnered with four new and seven returning designers for its annual platinum capsule collection.
MajorsMay 03, 2024
Kristie Nicolosi Joins WJA Board AgainNicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Brought to you by
Rio’s Reimagined Podcast: For the Love of JewelersMeet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
CollectionsMay 03, 2024
Piece of the Week: A “Bit of LUV” for the DerbyKarina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
Weekly QuizMay 02, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
CrimeMay 02, 2024
4 Indicted in Burglary Ring Targeting Indian, South Asian FamiliesThe men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
CollectionsMay 02, 2024
Foundrae Launches ‘Horizon’ Collection“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry RetailWith Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
FinancialsMay 02, 2024
Pandora Raises Guidance After Strong Q1The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
IndependentsMay 02, 2024
Oklahoma Jeweler Glenn Lewis Dies at 68The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
SurveysMay 01, 2024
Consumer Confidence Falls in AprilConcerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
TrendsMay 01, 2024
Amanda’s Style File: All Eyes on EmeraldsMay’s birthstone is beloved for its rich green hue and its versatility.
SourcingMay 01, 2024
Opsydia Names New Sales and Marketing Director Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
CrimeMay 01, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO ShowLast month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
CollectionsApr 30, 2024
12 Otherworldly Pieces From Tiffany & Co.’s 2024 Blue BookThe “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
MajorsApr 30, 2024
Zales Celebrates 100 Years With New CampaignThe brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
MajorsApr 30, 2024
Platinum Guild International Appoints New CEOTim Schlick has been promoted from his previous position as COO.
Events & AwardsApr 30, 2024
Canadian Jewellers Association Brings Back the Summit It’s the second year for the event, slated to take place in October in Toronto.
Recorded WebinarsApr 29, 2024
Watch: Diamond Identification and Evaluation - How to Protect your BusinessSupplier Spotlight Sponsored by GIA
SourcingApr 29, 2024
De Beers to Move Auction HQ from Singapore to BotswanaSales will be paused while the relocation takes place over the next few months.
CollectionsApr 29, 2024
Simone I. Smith Mixes Denim and Diamonds in New Collection“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
IndependentsApr 29, 2024
Venus Jewelers Relocating After 45 YearsThe retailer is moving to a newly designed space in the same shopping center.
SurveysApr 29, 2024
Mother’s Day Jewelry Spending to Reach $7B, Says NRFGifts that are unique and thoughtful are top of mind this year, according to the annual survey.
CollectionsApr 26, 2024
Piece of the Week: Jacquie Aiche’s Starry Galaxy NecklaceThe necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Events & AwardsApr 26, 2024
AGS Conclave and GIA Symposium Are ConvergingThe two organizations will host a joint event, “Converge,” in September 2025.
SourcingApr 26, 2024
Anglo American Reportedly Shopping De Beers as BHP Eyes Anglo Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
