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SOTHEBY'S

Historic diamond to fetch millions in Geneva

The 35-carat pear-shaped diamond Marie de Medici wore at her coronation in 1610, one of the world's most famous gems, is to be auctioned in Geneva on May 15th, Sotheby's announced on Tuesday.

Historic diamond to fetch millions in Geneva
Sotheby's

Passed down through the royal families of France, England, Prussia and the Netherlands, the Beau de Sancy has witnessed 400 years of European history.

“The Beau Sancy is one of the most fascinating and romantic gems ever to appear at auction,” David Bennett, from the auction house’s jewellery department, said in a statement.

The stone — which is expected to fetch $2-4 million — gets its name from diamond collector Nicolas Harley de Sancy, who bought it in Constantinople, now Istanbul, in the late 16th century.

It is believed to have come from the city of Golconda, in central India, where other famous diamonds such as the Kohinoor and the Regent originated.

The 34.98-carat diamond measures 2.3 centimetres in height, is 1.9 cm wide and 1.1 cm deep.

Marie de Medici wore it mounted atop her crown for her coronation on May 13th 1610, the day before her husband, France’s King Henry IV, was assassinated.

The Beau Sancy, which has rarely been shown to the public in recent decades, will go on a world tour from March and will be exhibited in Hong Kong, New York, Rome, Paris, London and Zurich before being sold in Geneva.

According to Sotheby’s, when the last German Emperor and King of Prussia fled to exile in Holland in 1918, the crown jewels — including the Beau Sancy — remained at the Kaiser’s palace in Berlin.

At the end of World War II, the collection was transferred to a bricked-up crypt in Bückeburg, where it was later found by British troops. It was returned to the House of Prussia, which is now auctioning it.

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DIAMOND

Rare pink diamond to go under hammer in Geneva

An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby's, which says it is worth between $23 and $38 million.

Rare pink diamond to go under hammer in Geneva
A model poses with the “The Spirit of the Rose” diamond during a press preview on Friday. Photo: Fabrice Coffrini/AFP
Named “The Spirit of the Rose” after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its category — “fancy vivid purple-pink”.
 
The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby's jewellery division, said in a statement. “Only one per cent of all pink diamonds are larger than 10-carats.”
   
Speaking to AFP, Benoit Repellin, head of fine jewellery auctions at Sotheby's Geneva, said the oval-shaped diamond was “completely pure.”
 
 
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The rough diamond was unearthed by Russia's Alrosa — one of the world's leading diamond producers — in the Republic of Sakha in the northeast of the country in July 2017.
   
Repellin said it took a painstaking year for cutting masters to turn the diamond into its polished form.
   
Sotheby's said the world auction record for a diamond and any gemstone or jewel was the “CTF Pink Star”, a 59.60-carat oval pink diamond that sold for $71.2 million in Hong Kong in 2017.
   
According to Repellin, five out of the 10 most valuable diamonds ever sold at auction were pink.
   
The sale of this gem coincides with the closure of the world's largest pink diamond mine in Australia after it exhausted its reserves of the precious stones.
   
The Argyle mine, in the remote Kimberley region of Western Australia, churned out more than 90 percent of the world's pink diamonds.
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