The Rare Pink Princie Diamond Sells for £25.5 Million
An extraordinary fancy intense pink diamond has made headlines this week after it sold for more than $39.3 million update `wp_posts` set `post_content` = £25.5 million) at Christies Auction House in New York. The rare cushion cut diamond was part of Christies Spring Magnificent Jewels Sale. This magnificent diamond has origins which can amazingly be tracked as far back to the ancient diamond mines of Golconda in South India. The diamond has the perfect intense rare pink colour and weighs a whopping 34.65 carats. The diamond has even been named “The Princie Diamond” by the previous owner who bought the stone in 1960, who was later reviled to be the Nizam of the Hyderabad Royal family, who apparently first required the diamond when it was discovered. This huge sale price has even surpassed previous records at Christies, with the Wittelsbach Diamond selling for $24.3 million in 2008. Due to its excellent polish, large size, rich heritage and outstanding colour, the diamond possesses all the qualities that a collector would expect in today’s rare diamond market.