Pink Diamond Could Fetch $28 million

                                                                       

                                                                       

A pink diamond the size of a postage stamp is going on the auction block and it could fetch as much as $US28 million ($A40.01 million).

The 16.08-carat gem could set a record for a cushion-shaped fancy vivid pink diamond when it's offered at Christie's in Geneva on November 10.

The auction house says it's the largest diamond of its kind to come to auction.

A smaller, 8.72-carat pink diamond of the same shape and fancy vivid pink grade sold for $US15.9 million at auction in May.

Fancy vivid pink means the hue is of the purest and strongest saturation.

Christie's says the seller purchased it 10 years ago as an investment.

A 25-carat emerald-cut pink diamond holds the auction record for any diamond. It sold for $US46 million in 2010.

With thanks to Sky News

Thanks to JR for sending me this! 


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