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DIAMOND

Diamond once set in crowns of French kings to be auctioned in Geneva

A large, pink diamond once set in the crowns of numerous French kings and emperors will go under the hammer in Geneva next month, the Christie's auction house said on Wednesday.

Diamond once set in crowns of French kings to be auctioned in Geneva
Photo: Chris J Ratcliffe/AFP
“Le Grand Mazarin”, a 19.07-carat light pink diamond, was a gift to Louis XIV in 1661 and was set in the crowns of almost all of the monarchs and emperors of France who followed, Christie's said.
   
The diamond is “a timeless symbol of beauty, a French royal treasure adorning no fewer than seven kings and queens beginning with the Sun King Louis XIV,” Christie's chairman for Europe and Asia Francois Curiel said in a statement.
   
“Above all, it is a witness to 350 years of European history. This stone belongs to a class of its own,” he said.
   
The gem was named after Cardinal Mazarin, an Italian cardinal and diplomat, as well as a great art collector, who served as chief minister under Louis XIII and Louis XIV, and who bequeathed it and other diamonds to the Sun King in his will.
   
The pink stone, originally dug out of the ancient mines of Golconda in south-central India, sparkled on the crowns of Louis XV and Louis XVI, who was guillotined during the French Revolution.
   
And it graced the crown of Napoleon I, Napoleon III and Empress Eugenie, among others.
   
It has since passed through the hands of famous French jeweller Frederic Boucheron and later the Baron von Derwies.
   
Christie's said it was currently part of a private collection, but did not reveal the name of the owner.
   
The auction house said it hoped to rake in $6.0-9.0 million (5.1-7.7 million euros) for the diamond.
   
When it appears at the Christie's Magnificent Jewels Auction in Geneva on November 14th, it will mark the first time it goes under the hammer in 130 years.
   
It has been auctioned off once before: It was among the French Crown Jewels sold off in 1887 — 17 years after France's Second Empire collapsed and Napoleon III and his wife Emperess Eugenie sought exile in England, leaving their jewels behind.

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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