Sotheby’s (like the rest of us) has an ongoing love affair with pink diamonds. Last month in Geneva, there was an incredible array of these pink-hued gems, waiting to be awarded to the highest bidder. But all pink diamonds are not created equal. Note here how the different shade of pink creates such a range in the auction estimates.
According to Naturally Colored:
The first Fancy Intense Pink diamond is a beautiful 8.73 carat Fancy Intense Pink VVS2 emerald cut diamond set in a ring. The auction house has set its estimate between $2.5 million to $4.5 million, or $286k to $515k per carat. Considering the prices that Sotheby’s estimated for the other Fancy Intense Pink diamonds for the evening, and considering the enormous spread between its high and low estimate, it leads us to speculate as to what is going on here with the price.
We presume that either the color is a very light or weak Fancy Intense, making it look more like a Fancy Pink, and that the diamond will break its lowest estimate by a large margin. Alternatively, the color may be strong indeed and the high estimate may be an undervaluation.