Fortune Pink Sells for $28.8m but Misses High Estimate

By John Jeffay / November 09, 2022 / www.idexonline.com / Article Link

(IDEX Online) - The 18.18-carat Fortune Pink diamond sold yesterday at Christie's Geneva for $28.8m - above its $25m low estimate but below the $35m high estimate.The largest pear-shaped fancy vivid pink diamond ever to be auctioned was bought by an unnamed Asian private collector after a three-way battle between telephone bidders.The diamond, mined in Brazil more than 15 years ago, was displayed in New York, Shanghai, Taiwan and Singapore before the auction during Christie's Luxury Week at the Four Seasons Hotel des Bergues.Max Fawcett, head of Christie's jewelry department in Geneva, said there had been a huge amount of interest in the stone.The highest price ever paid for any pink diamond is $71.2m, by China's biggest jeweler, Chow Tai Fook, at an auction held by Sotheby's Hong Kong, in April 2017. Pic shows bidding for the Fortune Pink

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok