24-carat 'Bulgari Pink' diamond ring sells for over US$14.6 million at Christie's auction
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GENEVA (AP) – A 24-carat fancy intense pink diamond ring sold Tuesday at auction for 12.1 million Swiss francs (more than US$14.6 million), in the middle of the expected range, Christie's said.
The emerald-cut "Bulgari Pink" had been expected to fetch 10-15 million francs (US$12-18 million) as the headline item of the auction house's seasonal jewelry sale in Geneva.
The extremely rare jewel, believed to have come from the famous Golconda mines in India, has remained with the same family since it was purchased there in the 1950s.
Ahead of the sale, Max Fawcett, Christie's global head of jewelry, trumpeted the stone as "the Mona Lisa of pink diamonds".
The Golconda mines in southern India have produced some of the world's most celebrated diamonds, including the Koh-i-Noor and the Hope Diamond.
Also going under the hammer was a private collection comprising nearly 300 twentieth-century jewels, including works by Bulgari, Cartier and Graff.
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