Business · Companies · 3 days ago
Bulgari Pink Diamond Ring Heads to Geneva Auction With $12M–$18M Estimate
A 24-karat pink diamond ring made by Bulgari in the 1950s is going up for auction in Geneva on November 10.
Christie’s estimates it could sell for $12 million to $18 million.
The diamond was acquired in India by the current owner’s great-grandfather, who had Bulgari set it into a ring.
A European noble family kept the piece for more than 70 years.
It was created when Rome was a center of postwar glamour, and Bulgari’s Via Condotti boutique became a meeting place for celebrities.
The diamond is classified as Type IIa, a category that applies to fewer than 2 percent of diamonds, and has a Fancy Pink color grade.
Its pink color comes from a rare change in the diamond’s crystal structure during formation deep within the Earth.
A 24-karat Fancy Intense Pink diamond ring will be offered at Christie’s Magnificent Jewels sale in Geneva.
The lot is estimated at $12 million to $18 million.
Bulgari made the ring in the 1950s, after the diamond was acquired in India by the current owner’s great-grandfather.
A distinguished European noble family commissioned the ring and kept it for more than 70 years.
The diamond is classified as Type IIa, a category applied to fewer than two percent of diamonds.
- Who
- Christie’s is offering the ring; it belongs to the current owner, whose great-grandfather acquired the diamond.
- What
- A 24-karat Fancy Intense Pink diamond ring is going to auction, with an estimate of $12 million to $18 million.
- When
- The auction is scheduled for November 10.
- Where
- Christie’s Magnificent Jewels sale in Geneva.
- Why
- The ring is being offered at auction; the reason for the sale is not stated.
This story does not have two clearly opposing sides.
Bulgari made the ring using the diamond acquired in India by the current owner’s great-grandfather.
The noble family that commissioned the ring kept it for more than 70 years.
Christie’s is scheduled to auction the ring in Geneva.
- Estimate
- $12 million–$18 million
- Diamond weight
- 24 karats
- Diamond grade
- Fancy Intense Pink
- Maker
- Bulgari
- Auction location
- Geneva
What people are saying
Bulgari’s boutique at Via Condotti became a social and cultural meeting point, welcoming many of the world’s most renowned celebrities, including Elizabeth Taylor and Richard Burton, Audrey Hepburn and Mel Ferrer, to name two Hollywood couples.
Pink diamonds owe their color to a rare distortion of the crystal lattice caused by intense pressure during their formation within the Earth.
Sources
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