Could a ring be worth $38 million?
Could a ring be worth $38 million?
A rare pink diamond that goes on sale next month could fetch up to $38 million, according to auctioneers Sotheby's.
The "fancy intense pink" 24.78 carat gem is being sold by an unidentified private collector, the auction house said.
"We're able to say it's been in the possession of the same owner for 60 years but beyond that we're not able to reveal more," Sotheby's spokesman Matthew Weigman said Tuesday.
The diamond was last sold by New York jeweler Harry Winston and has a classic emerald cut with gently rounded corners, the company said.
The stone has a flaw unnoticeable to the naked eye, probably due to wear, but may be graded internally flawless after re-polishing.
"It is sensational as it is, but if somebody would repolish it they would have an even more sensational stone," said Daniela Mascetti, a senior director in the company's jewelry department. "But I personally would not touch the stone if I was planning to wear it."
The diamond went on exhibition worldwide starting in Hong Kong on Oct. 2 and will go up for auction Nov. 16 in Geneva, when Sotheby's estimates it could sell for $27-38 million.
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- Posted on October 6, 2010
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I feel that is worth it because you can buy that. It's not worth it because you can buy a lot of things that you need. It's really pretty though!
I depends on what kind of ring it would be. I would never ever in two hundred million years buy that ring no matter how much money I have. That is expensive! I wonder who could ever or would ever buy a ring like that.
There is a rare pink ring that cost millions and it is being sold next month. This ring reminds me of a movie called Pink Panther. Pink Panther is about a pink diamond called Pink Panther that was stolen and a healers french detective detective discovers who stole the diamond. The ring would be good for a weeding ring. The seller should be care full who he or she gives the pink diamond too. I think the Pink diamond could make a good mystery move.
DANG! That ring is worth millions. Who would have that much money? I think it shouldn't matter how big or how much a ring is worth. What matters is who gave it to you and why. For example, you should be happy with what size your marriage ring is because what matters is the love and not the size.
those should cost a frotit sorry dont know how to spell that i have a ring that my brought it for me i was so happy but i dont know how much that cost next time i am going to check at some store how much that cost i hope it cost alot but i am not selling it it mean to much about my daddy he will always be there for no what matter what happen he will protect forever.
That is like so so cool!!! I want it so badly. I mean why aren't there more of these awesome rings. That or they could just sell the stone. Either way talk about gorgeous.
I would love a ring that is worth 38 million. If it was mine, I would have to on at all times. Would NOT want that stolen.
I would love to have that ring i Love that calor and the fact that it is 24.78 carat gem is even more amazing but who has 38 million dollars.
personally i think that that is a good price to sale the diomand ring for ! because as i can see its a real diomand it looks pretty big ! so yeah and the diomand is really beautiful! it is a really mice pink color! :)
Wow the Diamond is so pretty but it is really expencive. I like the fact that it is pink and really shinney. I wonder who would buy it for that much money?