How much an Asian millionaire paid for the biggest diamond ring ever to be auctioned

A pink and purple diamond set a new record as the largest ever auctioned, selling for $ 29 million in Hong Kong., as reported by the portal CNBC.

“Sakura,” the Japanese word for cherry blossom, is a 15.8-karat pink-purple diamond set in a gold and platinum ring, according to auction house Christie’s, which hosted the sale.

Diamond is classified as “vivid fancy” because of its depth of color and because it is considered “internally flawless” meaning that internal imperfections are only visible under a powerful microscope.

Christie’s said “Sakura” was acquired on Sunday by a private Asian buyer, whom he did not identify and on which he did not provide further details.

The jewel was auctioned alongside “The Sweet Heart,” an elegant 4.2-carat pink diamond heart-shaped ring, which sold for $ 6.6 million.

“The Sakura,” the Japanese word for cherry blossom, is a 15.8-karat pink-purple diamond set in a gold and platinum ring, according to auction house Christie’s.

Vickie Sec, president of the Asia-Pacific jewelry department of Christie’s, said in a statement on the Christie’s website that “the strong direct sales rates and exceptional prices achieved for high quality colored diamonds and gemstones reflect a strong request.

“It’s exactly the shadow of a sakura blossom,” Sek said ahead of the auction. “It is very rare for pink diamonds to be classified as flawless internally, as they usually contain a lot of streaks,” said the expert.

Sakura is the largest stone of its kind, with a rich pink color with a secondary purple tint. Christie’s noted that these types of diamonds are extremely rare in nature, with only less than 10% of them weighing more than 0.2 carat.

“Sakura” broke a previous record set by ‘The Spirit of the Rose’, a 14.8-carat purple rose diamond that sold for over $ 27 million at an auction hosted by Sotheby’s in Geneva, Switzerland, in November of l ‘last year.. It was cut from a larger rough diamond weighing 27.8 carats, which was discovered in Yakutia, northeast Russia in 2017. The rough diamond is said to be the largest pink crystal ever to be mined in Russia.

“The spirit of the rose” was the name given to the cut diamond, in honor of the last legendary ballet performed on stage by the Russian-Polish dancer Vaslav Nijinsky.

It is said that only 1% of pink diamonds are over 10 carats and only 4% are classified as “vivid and elegant”. “Sakura” is the largest stone of its kind, with a rich pink color with a secondary purple tint. Christie’s noted that these types of diamonds are extremely rare in nature, with only less than 10% of them weighing more than 0.2 carat.

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