“The Perfect Pink,” a flawless pink diamond, officially became the most expensive jewelery auction sale in Asia after bringing in a cool $23,165,968 million. An anonymous buyer emerged victorious from the cutthroat bidding war to claim the 14.23 carat prize.
The emerald cut pink diamond was nestled between a pair of D-flawless diamonds with a combined total of 3.40 carats. All three emerald diamonds were set on an 18k white gold ring band.
The diamond was the most expensive lot at Christie’s Hong Kong auction. A spokesperson from Christie’s called the Perfect Pink “a phenomenon in the world of gems,” partially due to the diamond’s perfect coloring and type IIa classification. Type IIa diamonds make up only one to two percent of the world’s natural diamonds. Many of the world’s most famous or sought-after diamonds are Type IIa for having virtually no impurities and an exceptional sparkle.
The fancy intense pink stone with VVS clarity was sold at Asia’s largest jewelery auction of all time. The diamond ring sold for four million more than Christie’s expected selling price, making it the most expensive gem ever to be sold in Asia. Many experts perceived the massive jewelery auction as an indication of the increasing Asian demand for luxury goods. They expect to see more luxury Asian auctions in the future, especially after the successful sale of the Perfect Pink.
While the Perfect Pink diamond ring was the largest jewelery sale in Asia, the diamond was still no match for the incredible $46 million record selling price of the 24.78 carat pink diamond “The Graff Pink,” bought by Laurence Graff in Geneva on November 15th, 2010.