Jumbo Pink Diamond Fetches $17 million at Auction

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The "Martian Pink" diamond sells for 17.3 million USD at Christie's spring jewelry auction in Hong Kong. The jumbo gem is one of only two large sized pink round diamonds in the world.

The biggest pink diamond ever to appear at auction sold for USD 17.3 million (with auction premium) on Tuesday, after tense bidding at Christie's spring jewelry auction in Hong Kong.

It was named "Martian Pink" by American jeweller Harry Winston to celebrate the first satellite mission to Mars by the U.S. in the same year.

The 12.04-carat fancy intense pink diamond was purchased by a private collector in 1976.

The "Martian Pink" diamond far exceeded its presale estimate of USD 8-12 million dollars.

[Rahul Kadakia, Christie's Head of Jewelry for the U.S. and Switzerland ]:
"As a round stone it is one of the most expensive round pink diamonds that's ever been sold at auction anywhere in the world, so yes it did break a record in that sense."

While most natural pink diamonds have a tinge of purple, grey or orange to them, this stone shows no trace of a secondary color.

[Rahul Kadakia, Christie's Head of Jewelry for the U.S. and Switzerland ]:
"It's very difficult to have round colored diamonds that actually show their color with this intensity which is why most colored diamonds that you see are cut into fancy shapes; either a rectangular shape, a heart, an oval. But to have a round diamond, the most classic cut of them all, with 57 facets and this kind of color intensity, is very rare."

The "Martian Pink" diamond is one of the only two significant sized round pink diamonds in the world.

The other is the 23.60-carat Williamson Pink diamond, which was presented to Queen Elizabeth II in 1947 as a wedding gift.

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