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Russia: Rare pink diamond auctioned for Rs4.21 billion

Thursday, November 12, 2020

 Russia: Rare pink diamond auctioned for Rs4.21 billion


  • An uncommon pink precious stone removed from a Russian mine was unloaded in Geneva for 27 million, or more than 4.21 billion Pakistani rupees.
  • The 14.83 carat  diamond also holds the record for being the most expensive diamond.
  • Organizers of the online auction described the diamond as a marvel of nature, saying that the price of pink jewelry was rising due to its rarity.
  • The administration did not reveal the name or nationality of the diamond buyer.
  • The Spirit of the Rose was extracted from a Russian mine in 2017 and took a year to carve out without damaging the natural color.
  • This rare pink, purple diamond was put up for auction in Singapore and Paipe before the auction, and the gem was expected to fetch more than Rs6.22 billion.


Author

OTG Newz