Eternal Pink Expected to Break Records at Upcoming Sotheby’s Auction

The Eternal Pink, mined by De Beers at the Damtshaa mine in Botswana is expected to fetch more than $35 million at the upcoming Sotheby’s HK auction, potentially breaking records as the most expensive price per carat ever to come to market. The estimated price per carat for The Eternal Pink is $3.3 million, giving it a chance to challenge the record set by The Williamson Pink Star, which was sold at Sotheby’s Hong Kong in 2022 for $5.2 million per carat. That gem was bought by a private collector based in the US for $57.7 million.

The 10.57 carat rock will go on show in Hong Kong next week and later will be exhibited in Dubai, Singapore, Shanghai, Taiwan and Geneva. It will be up for sale on June 8 in New York as the showpiece lot in a Sotheby’s "Magnificent Jewels" auction.
The cushion-cut diamond, which is mounted on a ring, has been described by experts as “glowing” and has the highest ranking possible for the quality of color, defined as “Fancy Vivid.” It has the top score for clarity, known as “Internally Flawless,” meaning that no blemishes are visible under 10x magnification. It’s among the most chemically pure of all diamonds, which contributes to its transparency.

The 2.1-gram gem is comparable to “ultimate masterpieces of art”, according to Sotheby’s, which said it’s more unique than a Rene Magritte or Andy Warhol painting. “It is difficult to overstate its rarity and beauty,” said Wenhao Yu, chairman of jewelry and watches at Sotheby’s Asia.

Three pink diamonds feature in the top five diamonds by value ever sold at auction.