Expensive Tastes

UPDATE Nov 17th: London jeweller Laurence Graff paid $US46,158,674 for this and renamed it “The Graff Pink”! The record price is nearly double the $US24.3 million for the blue 35.56-carat Wittelsbach-Graff diamond bought in 2008 (also bought by Graff).

A large pink diamond to be auctioned by Sothebys nest week may fetch over $30m. This intense pink diamond weighs in at nearly 25 carats and has not been on the market for over 60 years when it was sold by a New York jeweller but has attracted plenty of interest from wealthy folk looking for an investment opportunity.

While that amount of cash would be expensive for a diamond of this size, it is thought the rarity of the emerald cut pink diamond will add to the buyer interest,particularly those looking for a safe investment while currencies fall.

Pink diamond jewelry is enjoying new popularity, partly due to some celebrities tastes for these expensive diamonds. Natural pink diamonds are very rare and largely come from Argyle Diamonds in Australia.

Careful though – not all pink diamonds are naturally pink and expensive! Jewelers have developed artificial coloring methods and you’ll need to be wary of this if you’re in the market.

The beautiful ring below blends pink and white diamonds with two tone gold, a snip at just under $14k… (continue reading…)