A $ 50 million pink diamond was auctioned in Geneva



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Christie's auction in Geneva next week will feature a very rare pink diamond weighing around 19 carats and is expected to generate up to $ 50 million.

According to auction house Christie's, the rectangular diamond is the largest pink diamond ever sold at auction.

The diamond, nicknamed "Pink Legacy", belongs to the Oppenheimer family, which for a long time dominated De Beers, who monopolized the diamond industry until the late 1950s.

Despite an estimated price of between $ 30 and $ 50 million, Christie's hopes to attract private buyers from Asia.

One of the distinguishing features of this bright pink diamond is that it is rectangular, which is typically used with white diamonds, which makes it unique.

In recent years, colored diamonds have become very popular as gemstone prices in blue and rose broke the auction record.

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