Rare Fancy Intense Pink Diamond to Fetch up to $17 Million

“I do not remember the market for colored diamonds to have ever been as strong as it is today”, said David Bennett, the chairman of Sotheby’s jewelry department for Europe and the Middle East.Sotheby’s is getting ready to sell another stunner, an emerald-cut fancy intense pink diamond of 10.99 carats.The beauty gem will be auctioned off on May 17 in Geneva.
The gem is a part of the very rare subgroup of type IIa diamonds, the chemically purest diamonds in the world,and we know that less than two percent of the world’s diamonds fit in this category.