Friday, April 19, 2013

"Princie Pink" Sells for $ 39m

UPDATE : The "Princie Pink" sold for $ 39m at Christies in New York
The Princie Pink diamond heads to auction April 16 at Christie's New York and some jewellers expect it to sell for around $40 million dollars. A cushion-cut jewel, it weighs 34.65 carats and is one of the finest and largest of its kind.

The historic polished stone can be traced back to the ancient diamond mines of south central India. It was first recorded as part of the collection of the Hyderabad state's royal family during the Mughal Empire of the late 1500s to mid 1600s. The Hyderabad monarchy offered the piece at auction in 1960 where the diamond fetched a price of 46,000 pounds sterling (approximately $69,588 in today's currency) when French jeweller Van Cleef & Arpels bought it via its London branch.
The gem was subsequently named "The Princie" in honour of the 14-year-old Indian Prince of Baroda who attended a Parisian party held by the firm.
http://www.mining.com/rare-pink-diamond-heads-to-auction-block-77365/


Check out our recent the Argyle Pinks page :

http://pennystockjournal.blogspot.ca/2013/04/argyle-pinks.html