Friday, October 8, 2010

Pink Diamonds Captivate the World

The public’s desire for pink diamonds have escalated considerable since that fateful day that pop star Jennifer Lopez announced her plans to marry Oscar winner Ben Affleck by sporting a 6 carat pink diamond engagement ring. It has since become one of the most well-known engagement rings in history. Most well-known perhaps, but not the most famous, or the most expensive.

Just last week a 6.43 carat, fancy pink diamond ring, from Van Cleef & Arpels went on the auction block in Hong Kong, and exceeded estimated bids. The diamond ring was given an expected price tag of $7 million by the auction house Sotheby’s, however the ring sold for $7.7 million. Although it’s nothing to sneeze at, Lopez’s was only worth around $1 million.

Once called “one of the world’s greatest diamonds,” this 24.78 carat fancy pink diamond was last put on the market around 60 years ago. The diamond, that has an estimated price tag of $28 to $39 million, will be up for auction in Geneva on November 16, 2010. Sotheby’s will be auctioning off the magnificent diamond for the first time since it was sold from Harry Winston’s.

One of the most stylish and Iconic figures worldwide will also be modeling a pink diamond this month; Barbie will be going on the auction block wearing real diamonds. Designed by Stefano Canturi, the Barbie features with a 1 carat Emerald cut pink diamond necklace, surrounded by white diamonds, totaling 3 carats in all. Christie’s will auction the doll on the 20th, which is expected to fetch anywhere from $300,000 to $500,000, with all proceeds going to the Breast Cancer Research Fund in honor of Breast Cancer Awareness month. Historically, the most expensive Barbie was previously sold by Christie’s in 2006 for $17,091.

So while we learned that Red diamonds are more rare, it seems that pink still hold the title for most stylish. Don’t worry, we’ll keep you updated and let you know how much money Barbie is able to raise for charity.

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